Basis Theory vs J.P. Morgan Network Tokenization

Basis Theory is a cloud payment-data platform that centralizes sensitive information, governs access, and routes tokens to payment services. It tokenizes card data at collection so raw primary account numbers do not touch customers’ systems. Its tools include Proxy, Reactors, Elements, and Token Intents for routing, server-side logic, collecting sensitive data, and validating information before tokenization. Vault capabilities include Account Updater, BIN Details, Network Tokens, and 3DS. The maker says its API connects with existing payment service providers, listing Stripe, Adyen, Worldpay, Chase, Braintree, Nuvei, Amazon Pay, and ACI as examples. Documented SDKs cover.NET, Java, Go, NodeJS, Python, Terraform, React, JavaScript, iOS, Android, and React Native. Basis Theory states that it is PCI Level 1 compliant, SOC 2 Type II certified, ISO 27001 certified, and HIPAA compliant. It says data is encrypted at rest and in transit with tenant-specific keys, and communications use TLS 1.2+. The Standard platform costs $995 a month, includes 20,000 tokens, and charges $0.05 per additional token. Tokens added and deleted within a calendar month still count toward that month’s token total.

J.P. Morgan Network Tokenization has no write-up on Specifiction yet; its figures are above.