NewsNTech
Payment vaults are the layer where merchants effectively hand control of their credential sets to a vendor.
Whoever runs the vault owns the canonical token record, and migrating that record when switching orchestration providers is disruptive enough that merchants typically avoid it.
Spreedly, headquartered in Durham, N.C., broke that bundle on July 15 by releasing its vault as a standalone product, letting merchants control their own payment credentials without committing to its orchestration stack.
How vault custody creates lock-in A payment vault ingests raw primary account numbers (PANs), stores them inside a PCI DSS-scoped environment, and issues surrogate tokens that travel through routing, authorization, and settlement.
Keep reading