Cover for the PYMNTS and Spreedly June 2023 “Payments Orchestration Tracker®: The Age of the Payments Vault: Adding Value to Security”

How Payments Vaults Can Improve the Bottom Line

The Age of the Payments Vault: Adding Value to Security

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. In the “Payments Orchestration Tracker®,” a collaboration with Spreedly, PYMNTS examines how third-party vault automation can drive new sources of value and revenue across the payments ecosystem.

Inside the June Tracker

  • PYMNTS interviews Jordan McKee, FinTech research and advisory group lead, Technology, Media and Telecoms (TMT) at S&P Global Market Intelligence, about ongoing developments in payments vaults and how they impact companies’ bottom lines.
  • Sixty percent of consumers already have stored payment credentials but want better options, meaning innovative payments vaults are in high demand.
  • Payments vaults can help merchants meet consumer expectations for convenience and security while protecting against friction that costs them both transactions and customers.

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    Payments Orchestration