Secure Vault Payments can boost your transactions while lowering costs and protecting you from liability, and it’s easy to implement.

Attract more sales with a safer payment method.
Nearly half of all consumers have concerns about data theft, and many people avoid online shopping and bill payment for this reason. People don’t like revealing financial information to an unknown third party and shoppers certainly don’t like sharing their private data on the web. Secure Vault Payments eliminates these concerns. SVP keeps customer data with their bank—making them more comfortable with e-commerce.

No customer enrollment means more conversions.
With SVP, shopping cart abandonment rates decrease because no customer enrollment is necessary. Customers use their existing bank account to complete the transaction, making their shopping and bill paying experience fast and easy.

Reduce data protection and PCI compliance costs.
SVP eliminates the burden of collecting, storing and protecting consumer and bank information. Online merchants and billers never see the information. The consumer’s bank authenticates the individual during the transaction and informs the merchant or biller of authorization.

Lower the cost of the transaction while eliminating the concern of being paid. SVP transactions are authorized via a real time bank response with funds received within 24 hours via an ACH payment. No more cost for “I didn’t do it” charge backs and other fraud detection services because the bank authenticates the consumer prior to authorizing the sale.

Gain more customers.
Half of U.S. Internet users avoid shopping online for fear of data theft. SVP restores their confidence by allowing the 61 million U.S. households currently banking online to shop or pay bills at a merchant’s ecommerce site while never disclosing their financial information.

Getting started is easy!
Contact NACHA and ask about joining the Secure Vault Payments Network.