As ecommerce grows and evolves, securely managing customer payment information has never been more important, especially for businesses handling recurring subscriptions or frequent purchases. Card vaulting offers a secure and efficient method for storing and managing customer payment data, ensuring Payment Card Industry Data Security Standard (PCI DSS) compliance while minimizing the risk of data breaches.
What is Card Vaulting?
Card vaulting is a secure method of storing credit card information outside your internal systems. Instead of your business directly handling sensitive data, such as card numbers, a third-party vault securely encrypts and stores this information, returning only a safe “token” that represents the card.
This means your business never directly sees or stores the actual credit card number, significantly lowering your security and compliance risk.
How Card Vaulting Works
Setting up credit card vaulting is simple:
- Create an account with one of our integrated payment gateway partners.
- Enable credit card vaulting within their platform.
- Seamlessly integrate this functionality into your Logicblock system.
Once enabled, customers can securely store their payment details for future transactions, ensuring an easy, efficient checkout experience.
Why Your Business Needs Card Vaulting
Card vaulting offers multiple advantages for ecommerce businesses, particularly those that process high volumes of payments or recurring orders.
Here are a few key reasons to consider card vaulting for your business:
1. Enhanced Security
Credit card vaulting utilizes tokenization technology to replace sensitive data, such as card numbers, with unreadable reference values. This ensures that even if intercepted, the data remains useless to unauthorized parties, significantly minimizing the risk of breaches and fraud.
2. Cost-Effective Compliance
Maintaining PCI DSS compliance internally can be costly and complex. With a third-party vault, you offload this responsibility, meeting all compliance standards without having to invest in and manage the required infrastructure.
3. Flexibility and Control
Third-party vaults enable you to switch payment processors and adapt to business changes without being locked into a single provider, providing greater flexibility and control over your operations.
Which Trusted Payment Gateways Offer Card Vaulting?
We partner with reliable payment gateways to ensure your customers’ data remains secure:
- Authorize.Net – Learn More
- PayFlowPro – Learn More
- PayTrace – Learn More
4 Benefits of Card Vaulting for Your Customers
With card vaulting, you deliver a better experience for customers and gain operational advantages:
1. Superior Security
Third-party vaults undergo rigorous audits to maintain compliance with industry-leading security standards, offering peace of mind for you and your customers.
2. Regulatory Compliance
By leveraging third-party vaulting services, you ensure customer data is always protected and fully compliant with required regulations.
3. Operational Flexibility
Gain full control over customer data without being tethered to a specific payment processor, enabling smooth transitions as your business grows.
4. Cost Savings
Save on the high costs of maintaining PCI DSS compliance internally with an affordable and reliable third-party solution.
Get Started with Logicblock Card Vaulting
Once card vaulting is configured, you’ll provide a secure, seamless shopping experience for your customers while protecting their sensitive payment information.
Need help? Contact us today to receive assistance.
