Question 1

What is Basis Theory and what problem does it solve?

Accepted Answer

Basis Theory is a data security platform for securely handling sensitive data, reducing PCI scope, and simplifying compliance.

Question 2

What is tokenization, and how does Basis Theory use it?

Accepted Answer

Tokenization replaces sensitive data with non-sensitive tokens to secure payments and protect against data breaches.

Question 3

What security standards does Basis Theory comply with?

Accepted Answer

It complies with PCI DSS, SOC 2 Type II, ISO 27001, and HIPAA security standards.

Question 4

How does Basis Theory help with payment orchestration?

Accepted Answer

It optimizes payment flows by routing payments through multiple PSPs, enhancing authorization rates and reducing costs.

Question 5

What kind of APIs and SDKs does Basis Theory offer?

Accepted Answer

Basis Theory provides APIs and SDKs for easy application integration to secure payment and data handling.

Question 6

Can Basis Theory handle recurring payments?

Accepted Answer

Yes, it manages recurring payments with features like smart retries and token updates.

Question 7

What is a customizable payment stack, and how does Basis Theory enable it?

Accepted Answer

It allows businesses to build payment solutions with preferred PSPs and methods, enhancing flexibility.

Question 8

What are network tokens, and how does Basis Theory support them?

Accepted Answer

Network tokens increase security and reduce fraud, with Basis Theory supporting them for higher authentication rates.

Question 9

What is Basis Theory and what problem does it solve?

Accepted Answer

Basis Theory is a data security platform for securely handling sensitive data, reducing PCI scope, and simplifying compliance.

Question 10

What is tokenization, and how does Basis Theory use it?

Accepted Answer

Tokenization replaces sensitive data with non-sensitive tokens to secure payments and protect against data breaches.

Question 11

What security standards does Basis Theory comply with?

Accepted Answer

It complies with PCI DSS, SOC 2 Type II, ISO 27001, and HIPAA security standards.

Question 12

How does Basis Theory help with payment orchestration?

Accepted Answer

It optimizes payment flows by routing payments through multiple PSPs, enhancing authorization rates and reducing costs.

Question 13

What kind of APIs and SDKs does Basis Theory offer?

Accepted Answer

Basis Theory provides APIs and SDKs for easy application integration to secure payment and data handling.

Question 14

Can Basis Theory handle recurring payments?

Accepted Answer

Yes, it manages recurring payments with features like smart retries and token updates.

Question 15

What is a customizable payment stack, and how does Basis Theory enable it?

Accepted Answer

It allows businesses to build payment solutions with preferred PSPs and methods, enhancing flexibility.

Question 16

What are network tokens, and how does Basis Theory support them?

Accepted Answer

Network tokens increase security and reduce fraud, with Basis Theory supporting them for higher authentication rates.

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