The new vault allows companies to maintain secure, PCI DSS Level 1 compliant tokenization without being tethered to a single payment service provider. By decoupling credential storage from orchestration, Spreedly aims to remove the vendor lock-in that has traditionally forced businesses to commit to rigid payment stacks from day one. According to CEO Justin Benson, the vault now serves as the central control point for payment performance, with network tokenization and account updating services directly influencing authorization success rates.
In section Releases
Spreedly Unbundles Payment Vault to Give Merchants Credential Control
Durham-based payments firm Spreedly has launched a standalone vault, allowing merchants to store and manage their own payment credentials independently of full orchestration platforms. The move addresses a structural shift in global commerce, where ownership of sensitive financial data is increasingly seen as a vital competitive advantage.
This shift comes as stored credential transactions have grown to represent 40% of volume on Spreedly’s platform, rising from 34% in 2022. CTO Mike Rivers emphasized that portability is the core objective, enabling merchants to start with a single provider per region and scale their routing or orchestration capabilities on their own timeline. Should business needs evolve, merchants can expand their usage of the Spreedly platform without the technical burden of re-vaulting or rebuilding their underlying payment infrastructure.
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