US-based payment processor Litle & Co has launched Litle Vault, an integrated tokenization service set to enable card-not-present (CNP) merchants to remove sensitive cardholder data from their systems without disrupting the integrity of their existing credit card transaction-based processes.

Customers using the Litle Vault will be able to manage both the payment processing as well as the tokenization requirements. Delivered through the Litle payment processing platform, the application allows merchants to use tokens in place of credit card numbers for all successive payment transactions including authorizations, deposits and chargebacks.

The Litle & Co payment management and processing platform is aimed at businesses that sell goods and services directly to consumers. Litle & Co. provides transaction processing and consultative merchant services for card-not-present and alternative payments.