VGS Network Tokens
Provider 
Founded 2015
Sells To Enterprise
Pricing Model Recurring, Software, Usage-based
Ownership Venture-backed

Direct network tokenization service connecting to Visa, Mastercard, Amex, and Discover for higher authorization rates.
VGS Network Tokens provides direct integration with Visa, Mastercard, American Express, and Discover to provision and manage network-issued tokens that replace primary account numbers in payment flows. Tokens are vaulted and lifecycle-managed by VGS, enabling merchants and fintechs to offer secure card-on-file, recurring, and digital wallet experiences with improved fraud protection and lower decline rates.
Compared with processor-provisioned tokens, the direct-to-network model improves authorization rates and reduces friction from expired or compromised PANs through automatic token updates. The service operates alongside VGS Vault and Card Management Platform, sharing the same zero-data architecture so PAN data never touches the customer's systems while still supporting e-commerce and omnichannel use cases.
Basis Theory

Basis Theory Platform
basistheory.com
Yuno

Network Tokens
y.uno
Skyflow

Skyflow Data Privacy Vault
skyflow.com
TokenEx

TokenEx Tokenization Platform
tokenex.com
| Attribute | VGS Network Tokens | Basis Theory Platform | Network Tokens | Skyflow Data Privacy Vault | TokenEx Tokenization Platform | |
|---|---|---|---|---|---|---|
| Provider | ||||||
| Founded | 2015 | 2020 | 2021 | 2019 | 2010 | |
| Sells To | Enterprise | Enterprise | B2B, Enterprise | Enterprise | Enterprise, Small Business | |
| Pricing Model | Recurring, Software, Usage-based | Recurring, Software | Enterprise Contract, Enterprise Software | Recurring, Software | Recurring, Software, Transactional | |
| Ownership | Venture-backed | Private, Venture-backed | Private, Venture-backed | Venture-backed | Private, Venture-backed |
Provider 
Founded 2015
Sells To Enterprise
Pricing Model Recurring, Software, Usage-based
Ownership Venture-backed
Provider 
Founded 2020
Sells To Enterprise
Pricing Model Recurring, Software
Ownership Private, Venture-backed
Provider 
Founded 2021
Sells To B2B, Enterprise
Pricing Model Enterprise Contract, Enterprise Software
Ownership Private, Venture-backed
Provider 
Founded 2019
Sells To Enterprise
Pricing Model Recurring, Software
Ownership Venture-backed
Provider 
Founded 2010
Sells To Enterprise, Small Business
Pricing Model Recurring, Software, Transactional
Ownership Private, Venture-backed



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