News

Spreedly Expands the Use of Network Tokens

In collaboration with Mastercard, Spreedly is securely powering, expanding, and improving tokenized transactions for merchants.

Written by
Lorra Gosselin
Publication Date
June 14, 2022
Social Share
Newsletter
Subscribe
Don’t miss our latest news and updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Increasingly adopted by merchants and merchant aggregators, network tokens reduce exposure to card data compromise and significantly improve authorization rates. Spreedly’s Network Tokenization, which is powered by Mastercard’s MDES for Merchants (M4M), lets customers leverage their choice of network token or a secure, vaulted primary account number (PAN) token, as Spreedly can store both.

This combination offers merchants the flexibility to take advantage of network token transactions on supported gateways and still continue transacting with other payment service providers (PSPs) or acquirers that are developing network token capabilities. It also benefits customers by making shopping quick and easy; after initially entering their details, they can simply click to complete future purchases.

“Network tokens help businesses ensure the highest success rates possible, decrease fraud, and ultimately improve their customers’ experience. Spreedly's agnostic approach to offering network tokens that are compatible with any payment service provider gives merchants and merchant aggregators the flexibility they need,” said Randy Guard, chief product and marketing officer, at Spreedly.

Network tokens also securely store cardholder data, narrowing the scope and cost of Payment Card Industry Data Security Standard (PCI-DSS) compliance. Organizations that bill periodically for goods, subscriptions, and installment payments gain higher authorization rates by keeping payment methods evergreen.

"Network tokens are a powerful way for digital businesses to improve authorization rates while also driving additional security for cardholders. With M4M, we’re helping merchants and consumers alike prioritize safe, secure, and frictionless payments experiences,” said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard.

Learn more about Spreedly’s Network Tokenization solution here.

Related Articles

News

Spreedly Expands Support Offerings as Adoption of Payments Orchestration Grows

As the use of Payment Orchestration expands, we are excited to offer enhanced 24x7x365 global support to customers

Posted on Oct 11, 2022 by Lorra Gosselin

News

Spreedly Launches New Payments Orchestration Solutions Addressing the Unique Payments Needs of Merchant Aggregators

Added Payments Orchestration solutions specifically tailored to meet the specific needs of merchant aggregators

Posted on Sep 07, 2022 by Lorra Gosselin

News

Spreedly and PPRO Partner to Offer Access to Extensive Local Payment Methods Portfolio

Spreedly and PPRO team to expand diverse local and alternative payment offerings via the Spreedly platform

Posted on Aug 30, 2022 by Lorra Gosselin