Network Tokens

Finix allows you to easily tokenize cards with networks.

Key Benefits of Network Tokens:

• Increased Authorization Rates: Network tokens can potentially increase authorization rates, leading to more approved payments and higher revenue for your business.
• Lower Interchange Fees: Card schemes, such as Visa, often charge lower interchange fees on transactions utilizing network tokens.
• Improved Customer Experience: With automatic updates, network tokens eliminate the need for customers to manually refresh their payment details, providing a seamless and hassle-free experience for both customers and merchants.

There are two ways to enable Network Tokens:

1. Enabling Network Tokens at a Payment Instrument Level : You can enable Network Tokens at a Payment Instrument level. This can be particularly useful if you just want a subset of your payment instruments to be enabled for Network Tokens.
2. Enabling Network Tokens for all New Payment Instruments : You can choose to enable Network Tokens for all new Payment Instruments.

Option 1: Enabling a Payment Instrument for Network Tokens

Finix Dashboard

To enable a Payment Instrument for Network Tokens:

1. Navigate to a Payment Instrument detail page
2. Find the Payment Instrument Update Section
3. Click on the Edit Button and enable

Using the Finix API

You can use the Finix API to specify Payment Instruments to be enabled for Network Tokens. You can pass in network_token_enabled field. By default, we'll return false unless you specify at an Application level to enable Network Tokens.

curl  -X POST \
  -u USsRhsHYZGBPnQw8CByJyEQW:8a14c2f9-d94b-4c72-8f5c-a62908e5b30e \
  https://finix.sandbox-payments-api.com/payment_instruments \
  -H 'Accept: application/hal+json' \
  -H 'Content-Type: application/json' \
  -H 'Finix-Version: 2022-02-01' \
  -d '{
    "network_token_enabled": true,
    "address": {
      "city": "San Francisco",
      "country": "USA",
      "line1": "900 Metro Center Blv",
      "postal_code": "94404",
      "region": "CA"
    },
    "expiration_month": 12,
    "expiration_year": 2029,
    "identity": "IDgWxBhfGYLLdkhxx2ddYf9K",
    "name": "John Smith",
    "number": "5200828282828210",
    "security_code": "022",
    "type": "PAYMENT_CARD"
  }'

Option 2: Enabling Net New Payment Instruments for Network Tokens

To enable Net-new Payment Instruments for Network Tokens, contact your Finix Representative or email support@finix.com. This is a setting that will make it so all new Card Payment Instruments are enabled for Network Tokens

If you would like to include all previous payment instruments for Network Tokens let us know in your request.

You can see if you are enabled for Network Tokens by:

1. Navigating to the Company Page on the Dashboard
2. Clicking on Payment Instrument Settings