Exact Payments, a leading provider of embedded payments technology, has launched a network tokenization solution in partnership with Cybersource, a Visa solution, within its Payfac-as-a -Service (PFaaS) platform. The solution aims to enhance payment card security for software companies integrating with Exact’s platform, reducing fraud, and increasing authorization approval rates. Exact’s network tokenization works by replacing credit and debit card primary account numbers and other sensitive cardholder data with token values generated by proprietary algorithms.

Exact Payments Launches Network Tokenization Service for Embedded Payments