Secure vault technology is designed to allow merchants to access encrypted customer payment information without exposing themselves to potential security breaches. Sensitive cardholder data is stored by a secure third party, so merchants do not have to worry about their IT infrastructure being compromised and their customers’ information being stolen and used fraudulently. This technology also ensures that merchants and their employees cannot access any sensitive cardholder data even if they want to, so physical theft or loss of such data is not a concern. While the cardholder data cannot be accessed, it can still be used to collect payment from consenting customers for purposes such as recurring billing and payment plans.
To get started, submit an online application and an expert payment specialist will contact you shortly to complete the setup and activation of your account.