Simplify Your Payments Infrastructure with a Single-API Integration

Large enterprise customers at VGS sprawl across multiple products, regions, and vendors. The size of their operations makes it risky to rely on a single payments vendor, so they need to integrate multiple vendors and allocate their operations across them. While this move helps with derisking, it also creates incremental technical and operational overhead. This proliferation can be brought under control with unified solutions and simple integrations.

When our customers add new payment vendors to manage their payments across the aforementioned sprawl, they have a few common objectives:

• Improve payment outcomes
• Enable cost efficiency
• Stay compliant with data protection regulations like PCI-DSS and GDPR
• Ensure data quality
• Align to a single source of truth
• Simplify payments infrastructure
• Minimize time to revenue

It's crucial to choose vendors that offer reduced lead times for integration and testing and simplify onboarding to shorten the time to ROI.

Identifying the Right Enterprise Payment Solution

The need of the hour is interoperable, composable payment solutions that deliver maximum data quality with industry-standard integration experience. VGS has consistently advocated for unification and simplicity in payment infrastructure.

VGS pioneered the development of a universal tokenization vault that currently holds 3.5 billion tokens (for context, global behemoth Visa holds 10 billion). It has since expanded to offer network value-added card data enrichment services , such as Network Tokens, Account Updaters, and Card Attributes, with direct integration to the card networks.

These provide an up-to-date source of truth for card data in a unified location and are PSP—and processor-agnostic for simplicity and cost efficiency. Each has a key benefit, and combine together to create the best payment outcomes.

• Use VGS Network Tokens instead of PANs to gain higher authorization rates, lower fraud, and gain pricing incentives.
• Use VGS Account Updater and subscribe to on-demand or continuous updates - on all cards held or a select portion of the portfolio.
• Use VGS Card Attributes for full PAN Lookup rather than just the BIN for deeper card data and decisions.

 

Bring it All Together: VGS Card Management Platform

With the VGS Card Management Platform, merchants continue to receive a secure, tokenized and PCI-compliant solution, with the added benefit of a single API integration for VGS Network Tokens, VGS Account Updater and VGS Card Attributes.

• A single unified API endpoint for customers to access multiple VGS services with a single card object.
• One card object can provide a new network token, update PAN, and provide card attributes.
• One card object across card networks, markets, and any transaction or entity type.

VGS Enterprise customers benefit by:

A single API integration with customizable configurations across all VGS services to simplify implementation, reduce technical overhead, optimize operational efficiency, and achieve faster time to market.

Using their VGS data as a single source of truth to consolidate information on all cards on file with a single vendor and eliminate the need for cross-PSP reconciliation.

A workflow engine where VGS can manage how each service is provided. Customers select the VGS services they would like to include in their single API integration, but they can delegate coordination to VGS Workflow. Customers also have the option to access VGS Network Tokens, Account Updater, and Card Attributes through individual API endpoints.

Better payment outcomes when card data stored in your VGS Card Management Platform is enriched and automatically updated using our direct network integrations.

Achieving more cost-efficiency by integrating just one vendor over needing to add and maintain several of these.

VGS Card Management Platform will continue to offer

• PCI compliance since all sensitive payment data will still be secured and stored as randomized tokens to enable you to reduce your PCI compliance scope for data at rest.
• Direct integration with the networks for the fastest response times and most up-to-date card information.
• Neutrality across PSPs, processors, networks, orchestrators, and other third parties. Having multiple PSPs can create data quality and reconciliation gaps. VGS fills that gap.
• VGS Proxies can protect data in transit, while benefiting from all of the capabilities VGS Card Management has to offer.