Spreedly Unbundles Its Payment Vault
Spreedly has launched a standalone payment vault that allows merchants to securely store and manage their own payment credentials independently of its payments orchestration platform. This unbundling enables merchants to utilize the payment vault while continuing to engage with their existing payment processors.
The move is reflective of a trend in the payments industry towards offering more flexible solutions that empower merchants with greater control over their payment data. By allowing merchants to opt for just the vault, Spreedly could strengthen its market position by appealing to those seeking standalone security solutions rather than comprehensive orchestration services.
Key takeaways
- ▸Spreedly's new payment vault offers merchants secure storage for payment credentials without needing to use its orchestration services.
- ▸Merchants can now retain their existing payment processors while utilizing Spreedly's vault for data security.
- ▸This unbundling reflects broader industry trends towards flexibility and merchant empowerment in payments.
Why this matters
This development positions Spreedly to attract more merchants seeking enhanced control and security over their payment data. By decoupling its payment vault from its orchestration services, Spreedly opens up its offering to a larger market, potentially increasing its user base while also placing competitive pressure on other firms providing integrated payment solutions.
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