TokenEx helps omnichannel merchants simplify and streamline their operations, enabling them to scale their business rapidly.
TokenEx, an independent cloud tokenization provider, announced the availability of its Point-to-Point Encryption (P2PE) solution, which unifies in-person and online retail channels and reduces the scope of Payment Card Industry Data Security Standard (PCI DSS) compliance by up to 90%.
“The cost and complexity of managing multiple payment processors and the PCI audit process can stifle growth into new channels and markets,” said Marc Olesen, CEO of TokenEx. “Thanks to TokenEx, omnichannel merchants can simplify and streamline their operations, enabling them to scale their business rapidly.”
Tokenization offers a flexible solution to bridge the digital and physical commerce gap while enhancing security and compliance. By replacing sensitive payment information with tokens, organizations can significantly reduce the cost and complexity of PCI DSS audits, seamlessly integrate in-person and online transactions, and choose the best payment solutions without being constrained by their acquirers’ offerings.
