Benefits and Features {#tms-acq-benefits-features}
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`TMS` enables your merchants to replace personally identifiable information (PII), such as the primary account numbers (PANs), with unique tokens. These tokens do not include the PII data, but act as a placeholder for the personal information that would otherwise need to be shared.

Benefits
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`TMS` has several benefits for you, the acquirer, and your merchants:

* Tokenization by `TMS` replaces sensitive payment data with non-sensitive tokens. This provides a secure payment experience, reduces the risk of fraud, and complies with industry consumer security regulations such as PCI-DSS.
* Network tokens are automatically updated. This reduces the number of declines due to outdated payment credentials and improves both authorization rates and merchant conversion.

Features
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`TMS` includes these features:

* Protect sensitive payment information through tokenization and secure and manage customer data using these token types:
  * Customer tokens
  * Instrument identifier tokens
  * Payment instrument tokens
  * Shipping address tokens
* Life-cycle management and notifications when the underlying card of a network token is re-issued. This includes cards that are lost, stolen, or expired. Life-cycle management for network tokens minimizes transaction decline rate and provides a frictionless checkout experience for customers.