How secure is Secure Vault Payments?
Secure Vault Payments is one of the most secure payment alternatives on the market, using a closed loop network. Consumers never share any personal financial data therefore merchants and billers never need to store or protect the sensitive information. From the merchant website, the transaction details are sent to the switch via a Virtual Private Network (VPN). After the consumer authenticates at their Financial Institution with his or her online banking credentials the transaction information is delivered to the Financial Institution via a VPN. The merchant never has visibility to any consumer’s account information or sensitive data as it is not used in the transaction.
