Network tokens replace card information with a randomized string of letters and numbers when sending data to a card network. When a card is expired or replaced, the card information is automatically updated.
- Increased Authorization Rates: Network tokens can increase authorization rates, leading to more approved payments and higher revenue for your business.
- Lower Interchange Fees: Card schemes, such as Visa, often charge lower interchange fees on transactions utilizing network tokens.
- Pricing Details: $0.15 USD; $0.25 CAD per card tokenized by the card networks unless a different price is specified in your current contract.
- Increased Authorization Rates: Network tokens can increase authorization rates, leading to more approved payments and higher revenue for your business.
- Lower Interchange Fees: Card schemes, such as Visa, often charge lower interchange fees on transactions utilizing network tokens.
- Pricing Details: $0.15 USD; $0.25 CAD per card tokenized by the card networks unless a different price is specified in your current contract.
Contact our support team to enable Account Updater for net-new Payment Instruments or historical ones.
To learn more about Network Tokenization, visit our Network Tokenization Guide