SpectrumPayment Solutions
All terms
Security & Compliance

Tokenization

Replacing sensitive card data with a non-sensitive token that can be stored and reused safely. Tokenization lets merchants support recurring billing and one-click checkout without holding raw card numbers, reducing both risk and compliance scope.

Because a token is useless if stolen, tokenization is central to both security and convenience — it is what makes safe card-on-file and subscriptions possible.

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Related terms

Security & Compliance

PCI DSS

The Payment Card Industry Data Security Standard — a set of security requirements every business handling card data must meet. Compliance protects customers and merchants and is a baseline expectation of any legitimate processing relationship.

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Security & Compliance

Card-on-File

Securely storing a customer's tokenized payment credentials for future purchases, subscriptions, or one-click checkout. Done compliantly, card-on-file boosts conversion and retention while keeping raw card data out of your hands.

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Security & Compliance

Encryption

Encoding payment data so it is unreadable to anyone without the key, protecting it in transit and at rest. Strong encryption is a core PCI requirement and the foundation of trustworthy checkout.

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Payment Methods

Recurring Billing

Automatically charging a customer's stored payment method on a schedule for subscriptions or installments. Getting recurring billing right — consent, dunning, clear descriptors — protects revenue and keeps subscription disputes low.

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