What are stored credentials?
Stored credentials refer to saved payment details, such as card numbers or account information, which are kept securely for future transactions.
Why are stored credentials used?
They enable faster checkout, support recurring billing, and improve customer experience by reducing the need to re-enter details.
Are stored credentials secure?
When implemented correctly, they use tokenization and encryption to protect data. Compliance with PCI standards is required.
What regulations apply to stored credentials?
Card schemes require explicit customer consent and proper handling of stored data, including clear identification of recurring or future transactions.
What risks are associated with stored credentials?
If not secured properly, they can increase exposure to data breaches or unauthorised transactions.