Spreedly Unbundles Payment Vault as Merchants Seek Transaction Control

Open payment platform provider Spreedly on Wednesday (July 15) announced the launch of a standalone payment vault, a move that allows merchants to store and manage customer credentials without committing to the company’s full payments orchestration suite. The decision to unbundle the vaulting service reflects a broader shift in the financial technology sector toward merchant-controlled data. Historically, many payment service providers (PSPs) held customer credentials within proprietary systems,