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Insurance brokers are modernising payment processes using tokenisation to improve security and efficiency. The traditional method of storing credit card details presents compliance and security risks. Tokenisation replaces sensitive cardholder data with secure tokens, streamlining payment processing. This new approach reduces data entry errors and ensures PCI compliance. Tokenisation also provides scalability across multiple brands by standardising data and integrating with existing systems. By removing the need to store raw credit card data, insurance companies enhance operational efficiency and future-proof payments.
