Summer is coming and with it the time of most work and sales for hotels. There are many hotels and search engines in the sector that carry out hundreds of daily economic transactions in our country and, therefore, need to be already complying with PCI security standards. And the simplest and most effective way to guarantee such security to customers is, undoubtedly, tokenization.
WHAT ARE THE PCI STANDARDS AND WHY DO MY HOTEL NEED TO FULFILL THEM?
The PCI DSS (Data Security Standard for the Payment Card Industry) standards seek to guarantee the protection of confidential information that is stored, transmitted and processed, such as customers’ financial data. Hotels now have an obligation to meet these standards, as they manage a large volume of sensitive information and a security breach could be fatal.
In order to offer such security to the client, the data of the same can be protected by different mechanisms: encryption, masking, truncation … But the most current, simple and secure is, undoubtedly, tokenization.
WHAT IS THE TOKENIZATION OF PAYMENTS?
The tokenization of payments follows a fairly simple process: a numerical series (called a token) is granted to the client’s confidential information and data. In this way, when the client makes the payment through the tokenized payment service, a token is sent that replaces the confidential data of the account of the cardholder, thus avoiding any possibility of fraudulent use of said data, in the unfortunate one. if they came into the hands of third parties.
In addition, this system allows to offer three types of payment: with free cancellation, partial collection or reservation in advance, and through the own token can be charged new expenses without having to ask for the payment information again. In this way, for the final client, the management is very fast and efficient and the hotel is sure to be able to charge all the expenses that are added at any time.
HOW TO OFFER TOKENIZED PAYMENT AND COMPLY WITH PCI STANDARDS?
Luckily this is an implementation that the hotel or search engine does not need to carry out on its own if it has a payment gateway that is already compliant and up to date with PCI DSS regulations. This is the case of PaynoPain and our payment gateway, which uses tokenization to offer our customers and their end users maximum security in a fast and very simple way.
There are many companies that already enjoy our services, such as the Witbooking search engine. Get in touch with us so that we can inform you in detail and your company can begin to comply with PCI regulations today.