Merchants who must perform certain customer billing functions, such as subscriptions, delayed payments, refunds, or credits,  require credit card information. These billing functions require the merchant to store sensitive credit card information so that it can be accessible for future use. Unfortunately, this also opens the risk of stored credit card data to be stolen. In addition, efforts required to protect stored card data can be expensive.

Payway provides tokenization to both protect cardholder data and speed up recurring payments.  It works by replacing primary account number (PAN) data with a token — a unique value only recognizable to us. We protect the token with superior vault technology and store it in one of two data centers hosted by Armor, a cloud-based facility in compliance with PCI requirements.