StagedPay™ is a hosted credit card solution that provided merchants with a range of services that allows them to accept credit cards and process credit cards without actually knowing the entire credit card number. With a proprietary patent-pending process, merchants can accept part of a credit card up front during an order, only to allow StagedPay™ to interact with their customer afterward to finish the order by retrieving the rest of the credit card.
StagedPay™ works by combining the parts of the credit card number taken like a combination lock in a secured hosted environment to create a “token”, a unique representation of the credit card between the merchant and their processor. So, while the merchant never has the entire credit card number, they can still process charges on the customer’s account, securely. Risks of theft, fraud and the cost of PCI compliance are minimized even for the largest companies.