Network tokenisation

Network tokenisation is the process by which a card network — such as Visa or Mastercard — replaces a customer's card number with a network-issued token that is specific to a merchant, device or transaction type. Unlike gateway tokens, network tokens are portable across payment providers and do not expire in the same way as physical cards. They also enable merchants to securely charge post-purchase adjustments — such as tips or variable delivery fees — without requiring additional customer input, and without the time limits associated with pre-authorisation.