On October 5, 2021, eComCharge successfully completed certification and acquired the status of a Visa token requestor in CEMEA. Since May 2020, eComCharge has officially been a member of the global Visa Digital Enablement Program (VDEP).
Payment service providers who lease the beGateway payment platform are already able to use the global token from Visa when working with acquiring banks that participate in the Visa Digital Enablement Program (VDEP).
Today it is hard to imagine payment gateway software without tokenization. Honestly, we don’t know who and when invented what payment service providers and e-merchants now call “token” when speaking of accepting payments by bank cards via the Internet. But we are confident that the task entrusted to that person or group of persons, sounded like this:
“Find a way of providing Internet-based merchants with the ability to write off arbitrary amounts from their buyer’s bank payment cards, without asking to re-enter the card number and other details whenever needed.”