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Basis Theory

by Basis Theory Inc. · Since 2020
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ActiveAvailable globallyCloud
Quick facts
VendorBasis Theory Inc.
Year launched2020
StatusActive
LocationGlobal, US
Countries servedGlobal
Languages1
Integrations1+
Free tierN/A
Free trialYES
Contact salesN/A

About Basis Theory

Basis Theory is a payment software platform from Basis Theory Inc. that helps businesses manage and secure transactions. It combines tokenization, payment routing, and payment vault features so users can efficiently handle various payment methods while ensuring security. Basis Theory is designed to never miss a payment and includes reliable security and privacy measures, making it a reliable choice for businesses focused on customer retention. Additionally, it provides the capability to implement a payment vault that safeguards sensitive information. Key capabilities: tokenization payment routing payment vault implementation security compliance customer transaction management Best for: businesses that need to manage secure and efficient payment processing.

Basis Theory by Basis Theory Inc. is a cutting-edge encryption software solution designed to help businesses protect sensitive data and ensure privacy in a rapidly evolving digital landscape. The primary purpose of Basis Theory is to simplify the process of securing data at rest and in transit, allowing businesses to safeguard customer information, financial transactions, and confidential communications. It supports a wide range of encryption algorithms, including AES, RSA, and ECC, to meet various compliance and security standards. The software also features key management tools, enabling organizations to control encryption keys securely and efficiently. Real-time monitoring and alert systems notify administrators of any potential security breaches or anomalies. The user interface of Basis Theory is user-friendly and intuitive, making it easy for users to navigate and manage their data securely. The interface is designed with a clean and modern look, featuring unique design elements that enhance the overall user experience. Navigation is straightforward, with easily accessible menus and options that allow users to quickly find and manage their encryption settings.

Pros & Cons

Pros
  • 1. Enhanced Security: Stores and manages sensitive data (like card information) securely, reducing PCI scope and compliance burden.
  • 2. Flexibility: Enables businesses to connect to various payment service providers (PSPs) and build custom payment flows.
  • 3. Improved Efficiency: Streamlines payment processes, reduces integration time, and boosts conversion rates.
  • 4. Data Control: Provides businesses with greater control over their payment data.
Cons
  • 1. Limited Information: Some key details like specific features, integrations, and customer support options are not easily accessible.

Features

Key features

1. Token Orchestration

Routes transactions through multiple payment service providers (PSPs) and partners, enabling flexibility and redundancy while minimizing PCI scope. This allows businesses to optimize payment processing and avoid vendor lock-in.

2. Secure Data Vault

Securely collects, stores, and manages sensitive card data, reducing the burden and risk associated with handling PCI-sensitive information. This allows businesses to focus on their core competencies.

3. Universal Form Elements

Provides pre-built, customizable form elements for collecting payment information, streamlining the user experience and ensuring data security. This simplifies integration and reduces development time.

4. Network Tokens

Supports network tokenization, replacing sensitive card data with tokens for secure and efficient transactions. This enhances security and reduces the risk of data breaches.

5. Customizable Payment Flows

Enables the creation of tailored payment experiences for various use cases, including subscriptions, marketplaces, and high-risk merchants. This allows businesses to optimize conversions and meet specific business needs.

6. PCI Compliance Assistance

Helps businesses achieve and maintain PCI compliance by handling sensitive data securely and providing tools and documentation. This reduces the complexity and cost of compliance.

Additional features

1. Token Orchestration

Routes transactions through multiple PSPs and partners.

2. Secure Data Vault

Securely collects, stores, and manages sensitive card data.

3. Universal Form Elements

Provides pre-built, customizable form elements for collecting payment information.

4. Network Tokens

Supports network tokenization.

5. Customizable Payment Flows

Enables the creation of tailored payment experiences.

6. PCI Compliance Assistance

Helps businesses achieve and maintain PCI compliance.

7. High-Risk Merchant Support

Caters to the specific needs of high-risk businesses.

8. Subscription Platform Integration

Simplifies subscription payments management.

9. Marketplace Integration

Enables secure payment flows for marketplaces.

10. Fintech Solutions

Provides tools for building custom payment stacks.

11. Recurring Payments

Supports automated recurring billing.

12. Lending/Working Capital Solutions

Facilitates payment processing for lending and working capital platforms.

13. Checkout Solutions

Offers streamlined checkout experiences.

14. Platform Payments

Supports payments for platform businesses.

15. Corporate Card Integration

Enables processing of corporate card payments.

16. Card Issuing Support

Facilitates card issuing programs.

17. Payment Processing

Handles payment transactions.

18. Fraud Detection

Integrates with fraud detection tools.

19. Treasury & Reconciliation

Provides tools for managing treasury and reconciliation processes.

20. Chargeback Management

Helps manage chargebacks.

21. Compliance Support

Offers assistance with various compliance requirements.

22. Risk Management

Provides tools for managing payment-related risks.

23. SDKs (iOS, Android, React, Terraform, NodeJS)

Offers software development kits for various platforms.

24. Card Information Management

Securely handles card information.

25. MM/YY and Security Code Capture

Collects expiration date and security code.

26. Pay Functionality

Enables payment processing.

27. 3D Secure Support

Supports 3D Secure authentication.

28. Custom Flows with Proxy

Allows for custom payment flows using a proxy.

29. Enhanced BIN Service

Provides enhanced Bank Identification Number (BIN) information.

30. Account Updater

Keeps card information up-to-date.

31. Custom Retry Logic

Enables custom retry logic for failed transactions.

32. Backup Processor Support

Allows for using backup payment processors.

33. Secure Payment Flows Anywhere

Enables secure payments across various platforms.

34. Collect Payments on Behalf of Partners

Facilitates payment collection for partners.

35. Reduce Exposure to PSP Outages

Minimizes the impact of PSP outages.

36. Work with Any Partners

Enables integration with various partners.

37. Demonstrate PCI Compliance

Helps businesses demonstrate PCI compliance.

38. Security and Privacy Focus

Emphasizes security and privacy.

39. Data Protection

Provides high levels of data protection.

40. Fast Integration

Offers quick and easy integration.

41. Scalability

Supports business growth and scaling.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Monthly plans

Starter
USD 995/mo
billed monthly

Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD

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