Token Service Provider

What is a token service provider?

Token Service Providers—also known as TSPs—act as the guardians of your sensitive payment data. They replace your credit card numbers with unique, encrypted tokens. That way, actual card details are never stored or transmitted, greatly reducing the risk of fraud and data breaches in payment processing.

Think of it like a coat check at your favorite restaurant. You hand over your bulky jacket and get a numbered tag in return. That tag is useless to anyone, but you get your exact coat back when you return it. Tokenization works in much the same way. Your card numbers are replaced with secure tokens, making transactions safer for you and the businesses you do business with.

Token service provider examples 

Several companies act as token service providers. Here are a few examples:

• EBizCharge is a B2B payment processor that protects transactions across ERPs, accounting software, and e-commerce platforms. It keeps your customers’ payment details safe, reducing the risk of PCI compliance issues.
• Visa Token Service replaces card details with secure tokens used in mobile wallets like Apple Pay and Google Pay.
• Mastercard Digital Enablement Service (MDES) is Mastercard’s tokenization system. It’s widely adopted for contactless and online transactions.
• American Express Tokenization Service enhances security for e-commerce and in-store payments.
• Adyen is a payment processor that integrates tokenization with its global payment platform. This helps merchants accept transactions securely.
• Stripe uses tokenization for PCI-compliant payment processing. Subscription-based and online businesses often use it.

For businesses handling recurring payments, mobile transactions, or ERP-integrated billing, choosing a payment processor with built-in tokenization, like EBizCharge, adds a vital layer of security. Working with a trusted token service provider means you can protect your sensitive payment data and minimize the risk of fraud.