BridgePay is performing all necessary technology enhancements with Token ID
BridgePay teamed up with Visa. Source: businesswire.com
BridgePay, a transaction gateway and payments solutions provider, has announced its partnership with Visa. They aim to provide network tokenization to its customers for all card brands to all payment processors.
As part of the collaboration with Visa, BridgePay is leveraging Token ID – a Visa Solution, which empowers banks, merchants, regional payments schemes, clearing houses and other payments stakeholders like BridgePay to build, manage and control their own tokenization capabilities.
Adding network tokenization technology to BridgePay’s payments technology stack brings added benefits to BridgePay’s merchant clients, allowing them to deliver a secure and simplified payment experience to their customers.
As an adopter of Visa’s network tokenization, BridgePay will tokenize stored payment card data. These secure network tokens can be used by any BridgePay merchant to process any card type with any US processor.
Merchants will experience immediate benefits using network tokens including higher fraud reduction rates as compared to online PAN-based transactions and increased authorization success rates across all card brands, all while providing their customers with a better experience.
We’ve reported that Finastra announced major Banking-as-a-Service partnership with Microsoft.
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