One of the biggest pain points for both consumers and merchants is expired payment credentials. With card life-cycle management solutions, vaults can ease that pain by providing dynamic updates to cards that are reissued for any reason. These connections to the card networks or with...
Historically, businesses have viewed payments vaults as a security and compliance cost of doing business, but with advancements in areas such as tokenization and life-cycle management, vaults can already help merchants save time and money. PYMNTS examines how third-party vault automation can drive new sources...
Credit card vaults are essential to payment card industry (PCI) compliance. Vaults can do more than secure sensitive data to meet regulatory requirements. A recent survey showed that of the nearly 70% of online carts that shoppers abandon, 18% are because they do not trust...
Spreedly has launched a payment vault solution that improves transaction success. Advanced Vault combines modern lifecycle features and network tokenization with active management to optimize how payment methods are stored, refreshed and used, Spreedly said in a Tuesday (June 6) press release. “We are offering...
As businesses and households embrace subscriptions and recurring payments, their payment service providers must adopt new approaches to keeping payment details on file. “No one likes to see a subscription that we use, and rely on, every day go dark because payment information was stale...
Consistency and ease of use have made online bank transfers popular for paying recurring bills. However, one-quarter of consumers who tried online bank transfers, also known as pay by bank transfer, for the first time in the last year did so for a particular reason:...
Businesses using Microsoft Teams can now accept payments with Stripe. With Stripe powering Teams Payments, meeting hosts can accept real-time card payments before, during or after virtual appointments, classes and other events, the companies said in a Monday (May 1) press release. “We’re thrilled to...
Houzz now enables residential contractors and design professionals to quickly collect electronic payments in person. The company has equipped Houzz Pro, its platform for home remodeling and design, with a Tap to Pay feature that turns iPhones into point of sale (POS) devices, Houzz said...
As physical locations closed or access to them became otherwise restricted during the pandemic, companies had to pivot to digital channels to survive. Even stores that remained open had to evolve. With health concerns swirling, for example, the use of contactless payment options took off....
