Securing cardholder data provides companies greater control and flexibility over their payment stack, but building and maintaining the necessary infrastructure and programs can require hundreds of thousands of dollars and months to implement and assess. Basis Theory provides the platform, infrastructure, and tools to secure cardholder data in minutes and without these costs and distractions.
This allows companies to:
Add new payment service providers to improve card authorization rates, improve redundancy, or lower transaction costs.
Split payments to multiple third parties or payment service providers
Offer wallet-like functionality to customers
Connect card issuing platforms to third-party services, like card updater services
Reduce the costs and timelines to becoming PCI Level 1 merchant