Recognizing the importance of network tokenization, card networks have introduced financial incentives for processing tokenized transactions.
Acquirers not adopting this technology will face performance fees for PAN-approved Authorizations.
The role of Network Tokenization in preventing false declines is undeniable, with market predictions suggesting that it will facilitate 85% of all global e-commerce transactions by 2028.
Peter Frick, Manager of Secure Digital Payment at Netcetera, emphasized: “It’s a privilege and an inspiration to serve a valued partner like GPE. As they continue to expand and thrive, so do we. Collaborating with forward-thinking partners like GPE allows us to push boundaries and gain fresh insights continually.”
The partnership’s mission is clear: to elevate cardholders’ experience and pioneer innovative, reliable, and human-centric solutions that enhance every aspect of the online payment landscape.
