Skyflow Expands Collaboration with Visa to Improve Security of Payment by Network Tokenization

Skyflow, the data privacy vault company, announced its expanded collaboration with Visa, the world leader in digital payments, to tokenize cards directly with Visa and other major card brands. By leveraging Token ID – a Visa Solution, Skyflow is making it easier for merchants, payment facilitators and payment gateways to get started with network tokenization and to invest in the future of secure payments. This builds on Skyflow's existing collaboration with Visa, including participation in Visa Fintech Partner Connect, which helps connect Visa's clients to fintech providers.

"Network tokenization is the future of payments and has the ability to help improve the security of the entire payments ecosystem. For online merchants in particular, network tokens can help reduce card-not-present fraud and can help keep card-on-file information updated, which improves the customer experience," said Ansar Ansari, SVP, Global Head of Platform Products at Visa. "Through this collaboration with Skyflow, we're excited to bring simplified payment experiences and the secure storage of payment card information to more companies."

"We built Skyflow so businesses everywhere could adopt world-class privacy standards easily and effectively, and offering network tokenization with Visa helps us do that," said Anshu Sharma, CEO of Skyflow. "We first began working with Visa over a year ago, and network tokenization is a great example of how we're expanding our collaboration with them."

Skyflow's Fintech Data Privacy Vault helps organizations securely handle payment data to reduce PCI burden, collect and store customer PII data, run workflows and integrate with third-party services—all without breaking privacy. Skyflow makes prioritizing data privacy easy so that customers can ship products faster and focus on their core business.