PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Spreedly Issues More than 150,000 Network Tokens Daily

Improving Authorization Rates and Customer Experience with Secure Network Tokenization

PaymentsJournal by PaymentsJournal
September 28, 2021
in Press Releases, Tokenization
0
Spreedly Adds Ability to Access Stripe via its Connect Platform

Spreedly Adds Ability to Access Stripe via its Connect Platform

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

DURHAM, NC — September 28, 2021 — Spreedly, the provider of the leading Payments Orchestration platform, today announced it issued over 150,000 new network tokens daily — over five million in the month of August alone. Network tokens add another powerful tool to prevent card-not-present fraudulent transactions and significantly increase authorization rates. The newly issued tokens are part of a larger program announced earlier this year with Visa to accelerate the adoption of network tokens.

By converting stored credit card data to secure network tokens, customers get the benefit of higher security, better customer experience, and increased authorization success rates — by 2.1% and more. Spreedly’s Network Tokens let customers leverage their choice of network token or a secure, vaulted PAN token as Spreedly can store both tokens. This provides the flexibility to use whichever method is accepted by a given payment processor. Spreedly’s Network Tokenization is able to tokenize at the time of retention as well as backfill previously captured card data giving merchants the full benefits of network tokens across all their payments. 

“Spreedly prides itself on delivering constant innovation to the entire payments ecosystem. Our agnostic approach to network tokens is a major advancement for merchants — and that’s proven out by the rapid adoption of network tokens that we’re seeing in the market.” explained Justin Benson, CEO of Spreedly. “Much of this recent activity is supporting our LATAM-based customers who are seeking ways to scale across the region and evolve payments to ensure the highest success rates possible. We’re excited to be enabling this growth through the use of our technology.” 

Driving demand for network tokenization, Visa recently announced that it will introduce incentive rates for certain card-not-present transactions.

For more information about Spreedly’s Network Tokenization and how you can begin using network tokens for your payments, visit https://www.spreedly.com/network-tokenization-for-payments. 

About Spreedly
Spreedly’s Payments Orchestration platform enables and optimizes digital transactions with the world’s most complete payment services marketplace. Global enterprises and hyper-growth companies grow their digital business faster by relying on our payments platform. Hundreds of customers worldwide secure card data in our PCI-compliant vault and use tokenized card data to enable and optimize over $30 billion of annual transaction volumes with any payment service. Spreedly is headquartered in downtown Durham, NC. 

Tags: Digital PaymentsFraud Preventionnetwork tokenizationPayments TechnologySecurityspreedlyTokenization
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    On-Demand Webinar: Solving the Digital Onboarding Challenge​ – Increasing Conversions without Increasing Risk

    February 8, 2023
    legacy infrastructure

    How Modernizing IT Can Help Banks Compete With Fintechs

    February 7, 2023
    Buy Now Pay Later BNPL, B2B BNPL

    B2B BNPL Offers a High-Potential New Chapter in Payments

    February 6, 2023
    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix