Payhawk, the growing platform that combines expense, payment and invoice management in one solution, today announced that it now integrates directly with digital wallet platform, Google Pay.
Google Pay facilitates a process called 'tokenization’, in which a token is generated in place of a customer’s actual credit or debit card number, thus facilitating instant transactions without sharing sensitive data.
Hristo Borisov, CEO and Founder of Payhawk, says, “We want to build a world-class infrastructure to protect your company’s money, where payments are seamless. The integration with Google Pay represents a step forward for our platform, in both convenience and the security of a company’s sensitive financial data.”
With employees working remotely or on-the-go, the process of making transactions on behalf of an employer should be both convenient and secure. The integration of Google Pay allows employees to make transactions using the devices they carry with them every day. Employees can add the card to their Google Wallet and easily make payments at POS terminals and online, without the need to input card details.
Many employees will already use Google Pay for their personal spending, or otherwise have access to a smartphone on which Google Pay app can be easily installed. To make a purchase, a customer taps their mobile device on a point-of-sale terminal or chooses to pay in the mobile app. Google Pay responds with the customer's tokenized card and a cryptogram, which acts as a single-use password. The card network validates the cryptogram and matches the token with the customer’s actual card number.