What is tokenization in SAP LOD-TEM - Travel OnDemand?

SAP Term: tokenization

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A process for intercepting credit card numbers and replacing them with a surrogate value known as a credit card token. The actual credit card numbers are stored outside the enterprise system and the credit card tokens are used in the system instead.

Smart SAP Assistant

• Key Concepts: 
  Tokenization is a process used in SAP LOD-TEM Travel OnDemand to securely store and process payment information. It replaces sensitive payment data with a unique identifier, or token, that can be used for future transactions without exposing the original data. This helps to protect customer data and reduce the risk of fraud. 
  
  How to use it: 
  In SAP LOD-TEM Travel OnDemand, tokenization is used to securely store and process payment information. When a customer enters their payment information, it is replaced with a unique token that can be used for future transactions without exposing the original data. This token can then be used to process payments without having to re-enter the customer’s payment information each time. 
  
  Tips & Tricks: 
  When using tokenization in SAP LOD-TEM Travel OnDemand, it is important to ensure that the tokens are securely stored and that only authorized personnel have access to them. Additionally, it is important to regularly review and update your security protocols to ensure that your customer’s data remains secure. 
  
  Related Information: 
  For more information on tokenization and how it can be used in SAP LOD-TEM Travel OnDemand, please refer to the official SAP documentation. Additionally, there are many online resources available that provide more detailed information on tokenization and its use in SAP software.