According to CyberSource officials, the new version of their e-commerce platform "tokenizes" customer information. This relatively new approach to transaction processing allows merchant sites to match details about an order, such as shipping and payment address, with a secure token representing a customer's payment information on CyberSource's secure servers. Therefore, site admins and developers can never access a customer's actual credit card number or security ID.
By shifting credit card storage to a third-party processor like CyberSource, e-commerce retailers no longer need to ensure compliance with PCI security standards on their own websites. This shift significantly reduces development costs and shrinks deployment schedules, a move that CyberSource officials told reporters would make e-commerce even more efficient for its clients and their customers.
About the Author
Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.