IPSI is unique in terms of its tokenization experience, capability and flexibility. Tokenization is the simplest and most effective way of minimising your PCI DSS compliance burden.
This process allows your systems to continue to operate as though you had the original card number, while significantly reducing your risk and security compliance requirements.
Organisations that must meet the requirements of PCI DSS are increasingly embracing the compliance benefits of tokenization. The tokenization process is simple:
- IPSI provides a range of secure payment channels to accept and authorise credit card payments.
- The credit card data is replaced with a unique set of randomised numbers (tokens) and stores the data in a PCI DSS compliant environment within Australia (or overseas depending on the client).
- Original credit card data is removed from the merchant's database and the token is stored in its place, thereby significantly reducing a company's financial risk and security compliance costs.
Any further transactions are transmitted using the token.
IPSI's tokenization capabilities have been tried and tested by Australia's largest corporations, are extremely advanced and flexible enough to meet the unique needs of individual clients.
The tokenization process is the same as the cloud with sensitive data replaced by a token and stored on premise in a PCI compliant data storage location.
When you accept payments from multiple channels, omni-channel tokenization technology gives you the flexibility to ensure cardholder data does not enter your system. IPSI offers a range of tokenization enabled payment channels with highly advanced tokenizing web services.
Specialist skills and expertise is required to co-ordinate and manage PCI DSS compliance projects and they involve complex process reengineering, third party interfaces, bank processing, data storage and security, audit and compliance, governance, customer support, cash flow and financial processes to name a few.
But where do you start? That's where our Professional Services Consulting can help.
Our team will help you maximise business security investments. We'll help you protect information assets against security threats and balance your risk profile with security spend to get the right balance between costs and benefits.
Our Review, Analysis and Design process addresses:
- Review of end to end payment and security processes
- Identifying areas of improvement, security and business considerations
- Assess solution alternatives
- Solution recommendation
Our consultants apply this same meticulous thinking to all Payments Projects as well. As a specialist provider of corporate payment solutions, we offer consultancy services which focus on streamlining existing payment and accounts receivables processes. Payment Process Reviews (PPR's) can offer significant business benefits to organisations over and the above our core PCI DSS security benefits.
Payment Process Reviews focus on:
- Accelerated invoicing
- Improved cash flow
- Improved customer service
- Increased staff productivity
- Enhanced reporting and governance
- Reduced operating costs (particularly administration, reconciliation and support)
Our consultants help you maximise the benefits and return on value from your investment in IPSI's Solutions products and services. It's just another way we protect your brand, your customers and your cash flow.
Experience & expertise
IPSI has managed many of Australia's largest PCI DSS tokenization projects. Our PCI DSS experience and expertise will fast track you towards compliance.
Extensive integration options
No matter what your business or customer requirements are, we have a payment integration option to suit you.
IPSI offers an advanced API service but would recommend other more secure options where possible depending on the specific use case.
Level 1 PCI DSS certified data storage within Australia utilising state of the art data storage and recovery.
The Hosted service and can be deployed as a standalone service (i.e. replicates client in-house services) or as an integrated service whereby the IVR can integrate with client side IVR systems. As with all of our services, the IVR service is pre-integrated with all of the major banks in the region, thereby providing significant, end to end PCI DSS de-scoping.
Reduce the cost, risks and lead times associated with achieving and maintaining PCI DSS compliance.