Fund-on-File Tokens for B2B Payments

Safely vault payment information at Paystand so you can recharge as your terms require.

Get started
Group 1174

Increase security and improve compliance with Fund-on-File

Replace your sensitive data with non-sensitive data to safeguard payment information and increase efficiency.

Paystand uses tokenization to protect your sensitive data by replacing it with an algorithmically generated sequence called a Fund-on-File token. With a Fund on File token, users can securely authorize, charge, and re-use a customers’ payment method without accessing their private information directly. This makes it near impossible for someone to get at your actual credit card information.

Tokens (secure references to stored Funds on File) allow platforms to save payment methods for their users without storing sensitive information. Using tokens, safely reference Funds on File via our dashboard or our API.
Virtual Terminal

Encrypted payment information

Whether it's follow-up payments, terms, or recurring scheduled payments, storing payment information saves you time and money.

  • Re-engage previously entered payment information for future charges
  • Payment information is secure and safe at PayStand, as a Fund on File
  • Payment information needs to be entered only once
Virtual Terminal

Cost-effective and customer-centric

Fund on File is efficient, cost-effective, and better for you and your customer. Payments can be a single click for your customers by building “Pay Now” or “One-Click” buttons using our Funds on File tokens and an API call.

  • Schedule any recurring payment to fit your needs, no matter how sophisticated.
  • Create a marketplace using Paystand's Funds on File throughout your platform.
  • Easily create tokens using Paystand's versatile, brand-able payment interface.
LawInvoiceOverlaid

Safe, secure, and proven

Paystand solves your payment security needs. Use Paystand to vault your customers' payment information in our secure environment. Being PCI DSS and SSOE 1086 Compliant, Paystand's security is routinely audited and certified by third-party assessors.

Download our Security Fact Sheet >>

Frame 1176

Upgrade your security protocols and take advantage of Paystand technology

Fund-on-file tokenization improves your team's efficiency and makes customer interaction easier.

plugin-to-payments
Integrated Payments

By using PayStand as your payment processor you have create a one-stop-shop. Your customer can remit digital payment within an invoice, payment portal, or via phone on the virtual terminal. All payment methods are tokenized (saved without being visible) so that your customer isn't required to repeat duplicate information.

flexible-payments
Multiple Payment Options

Offer your customers a range of payment options which include ACH, eCheck and Credit Card. All forms of payment can be safely stored.

recurring-billing
Recurring Payments

Fund on File is particularly useful in the case of scheduled or recurring payments. Your customer can be billed as many times as is established without the need to manually remit payment - increasing payment remittance across the board.

api
Comprehensive Security

We handle all the complexity involved with payment processing: PCI compliance, AML Laws, MTL Rules, Fraud Monitoring, Bank KYC Underwriting requirements, 1099K's - so you can go to sleep at night knowing your money is safe.

“The Paystand platform has done exactly what we expected it to do. We’re thrilled that the results aligned with our expectations. We’re operating as a well-oiled machine now.”

AJ Heffernan, Director of Finance & Operations, Choozle
AJ Heffernan

Director of Finance & Operations, Choozle

Talk to our team today

Schedule a demo with one of our payment experts to learn how Paystand can automate your entire AR process and save you over 50% on the cost of receivables. It's time to rethink payments with Paystand.