American Express Token Service vs Cashfree Token Vault

American Express Token Service replaces a card’s primary account number with a payment token for online and mobile commerce. It includes a token vault, token issuance and provisioning, lifecycle management, and risk management. Tokens are surrogate values that can be restricted by retailer, number of uses, lifetime, and other variables, and follow EMVCo Payment Tokenization specifications. During provisioning, issuers can assess whether a card is active, suspected of fraud, eligible for tokenization, and belongs to the card member requesting the token. Lifecycle management can keep tokens current when cards are replaced, reducing manual updates to stored payment details. Listed uses include card-on-file payments, Click to Pay, digital wallets, virtual cards, browser autofill virtual card numbers, and digital or numberless cards. The service is cloud-based and supports payment cards, card-on-file credentials, digital wallets, wearables, Click to Pay, and QR code payments. Pricing is on request; the listed plan is free, with no deployment or use fees stated. Availability varies by market and enablement is required.

Cashfree Token Vault replaces card details with cryptographically generated tokens, so merchants can process saved-card payments without storing card numbers on their own platforms. It supports credit, debit, prepaid and corporate cards, with Visa and Mastercard credit and debit tokenization specifically described. Standard Checkout enables saved-card tokenization automatically; Seamless Pro merchants must integrate or update APIs. Customers can choose a saved card and enter its CVV. Token provisioning requires explicit customer consent and stops if two-factor authentication fails. Merchants may retain only the last four digits, scheme and issuing bank name, and cannot retrieve a token’s underlying card number; card schemes and issuing banks can. A token reference created through Cashfree remains there, although merchants can fetch the network token for use with another payment aggregator. The service is cloud-hosted, supports network tokenization and webhooks, and offers Android, iOS, web and API platforms. Pricing is available on request.