New Cybersource Tokenization payment module for Magento!
A new release of the Magento Cybersource Tokenization Payment Module addresses two important priorities for merchants – a wider customer base and secure transactions. We provide merchants with a number of Magento extensions that help them better manage their online business and greater ability to effectively reach a wider customer base. As always, we strive to develop modules that improve the consumer experience and help increase conversion rates for merchants. This new release also includes features that make it easier for consumers to shop with ease!
Security breaches are on the rise but you can avoid becoming a statistic by removing payment data from your environment using CyberSource’s hosted payment acceptance and payment tokenization services. Eliminating payment data from your network is the only way to ensure that your customer’s sensitive personal information isn’t compromised during a security breach.
How It Works
To make a purchase on your website, the customer will enter their payment card information into the designated payment fields on the order page. These payment fields will be hosted by CyberSource using Hosted Payment Acceptance. When the customer hits the ‘submit’ button, the data is immediately encrypted and transmitted directly to CyberSource for storing, processing, and token generation. The payment data never enters your environment. With Tokenization, a signed in user will be able to select their stored credit card as an option.