As card-not-present transactions continue to grow in popularity and profitability, fraud has increased alongside it. To combat this rise in credit card theft and fraudulent transactions, certain issuers have begun offering network tokens that reduce risk and enhance the customer experience throughout the payments process.
TokenEx can now provide clients with network tokens for participating card issuers in addition to TokenEx tokens. This requires no extra work on behalf of the client and can deliver significant revenue-impacting benefits in instances where network tokens can be used.