Subscription payments provider Ezypay has announced it will adopt Mastercard’s new digital enablement platform to service its business client base.

Mastercard is accelerating the rollout of the new tokenisation platform in Australia and globally to improve the security of online payments and enhance collection processes for ecommerce merchants.

The digital enablement service, known as Mastercard Digital Enablement Service, gives merchants an option to replace a customer’s physical card information with an encrypted digital token that is specific to each merchant.

The token can be updated by the card issuer, allowing lost, expired or replaced cards to be automatically updated with the merchant.

Ezypay, which specialises in the provision of subscription and recurring direct debit payments, handles around A$3 billion worth of payments a year.

The company’s chief executive James Foster said the MDES solved a large problem that subscription businesses face in keeping the payment details of longstanding clients up-to-date.

“All physical credit and debit cards can expire, be misplaced or stolen,” he said

“By implementing Mastercard’s tokenised payment security technology in Australia, we can reduce the impact that these occurrences have on our customers and continue to collect their customer payments seamlessly.”

Ezypay joins a string of other Australian payments companies to adopt the tokenisation service including Adyen, Datacom and Securepay.