The Age of the Payments Vault: Adding Value to Security

How Payments Vaults Can Improve the Bottom Line 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.