A customized buy button allows merchants’ to access the Moneris’ vault and tokenization system in order to store and encrypt their customers’ credit card information. Customized buy buttons are ideal for merchants who have a loyal customer base that makes repeat purchases or subscribes to regularly billed services (such as a gym membership or magazine service).
Access to Moneris’ vault and tokenization system, enables merchants to create a safer checkout process for their customers and themselves.
The combined use of tokenization and the vault may decrease the risk of a security breach. It also works to make sure that in the unlikely case of a breach, no sensitive authentication data is compromised. This greatly reduces merchant liability, and also ensures that the customer feels safe providing their card information to the merchant.
The customer experience
Once the customer account is created and the token is generated, the customer can pay by simply selecting their chosen card and entering their secure password. The merchant then builds a payment request, which is sent to Moneris, using the token. Moneris then locates the card information linked with the token in the vault, and processes the payment.