“What we value is what we protect.” ~ Paul D. Boyer
Imagine your business as a home filled with jewelry, antiques, and expensive electronics.
As the homeowner, you’d likely install a top-notch security system to protect your home from intruders and catastrophic events. In the same way, implementing secure and efficient payment management is critical to safeguarding your business’s financial assets.
Without it, you’re leaving the door wide open to a host of hidden dangers and inefficiencies.
Just as choosing the right security system for your home requires careful consideration, so does selecting the right payment management tools for your business. (Your business is your livelihood, and your employees’ livelihood, after all!).
Secure and efficient payment management is essential for SMBs, directly impacting financial stability and customer trust.
Enter the Advanced Vault solution, now integrated with Microsoft Dynamics 365.
This comprehensive security and management system optimizes payment processes by securely storing and managing payment methods, ensuring your transactions are secure, streamlined, and optimized for success.
Read on to discover how this cutting-edge Advanced Vault solution safeguards your business’s financial transactions while increasing efficiency, reducing costs, and improving customer satisfaction.
How Does Advanced Vault Work? Core Functionalities
The Advanced Vault is designed to tackle some of the most common challenges businesses face when managing payments.
Here’s what it brings to the table:
Account Updater
Account updater seamlessly updates cards that are stored in the PCI Compliant Vault services without the need to request updated information from the cardholder.
This includes updated card expiration dates, replacement card numbers for lost or stolen cards, and notification when the cardholder has closed the credit card account.
Network Token
Network tokens are becoming more widely used. These tokens are issued directly by the card brands—Visa, Mastercard, Discover, and AMEX—and are unique to each credit card.
When a merchant saves a card using an Advanced Vault solution, the service retrieves and stores the current network token from the card brand.
For any future purchases, the merchant can use this token, which increases the chances of successful authorization.
Even if the physical card is lost, stolen, or canceled, the merchant can still process transactions using the network token, reducing payment friction and streamlining the collection process.
Vault Management and Optimization
Nobody likes duplicate payments or unnecessary updates—they’re costly, time-consuming, and create a bad customer experience.
Advanced Vault simplifies payment processes, weeding out inefficiencies and helping you save on transaction costs.
With Advanced Vault, merchants can set up rule-based transaction processing.
For instance, transactions above a certain dollar amount can be routed to one gateway or processor while all others go through the default gateway.
This approach helps mitigate the risk of having all funds tied up with a single processor for greater flexibility and security.
Improved Data Quality and Transaction Success
Accurate and up-to-date payment details are crucial. Advanced Vault ensures that payment info stays current for more successful transactions and fewer payment failures.
Again, with rule-based transaction processing, if a transaction initially fails when routed to the default gateway or processor, it can be reattempted in a split second at another gateway.
Statistically, about 1 in 5 failed authorizations can be salvaged by reprocessing through a different gateway or processor, increasing the chances of successful payment.
Payments Orchestration
Advanced Vault integrates with over 120 payment gateways and processors, providing unmatched flexibility. The limitations of any one gateway will no longer be a stumbling block, ensuring smooth payments across various platforms.
Plus, when integrated with Microsoft Dynamics 365, Advanced Vault’s features become even more powerful.
When your payment system runs seamlessly within the tools you already use, you’ll benefit from a secure, efficient, and hassle-free solution for managing payments.
7 Benefits of Integration with Microsoft Dynamics 365
Payment security is a big deal. But integrating Advanced Vault with Microsoft Dynamics 365 is about more than just protection–It will transform how your business handles payment management. Here’s how this integration can make a real difference:
1. Streamlined Operations
No more jumping between different systems to manage payments and customer data. Advanced Vault syncs payment data seamlessly with Dynamics 365, streamlining your financial and customer management processes to make them more efficient.
2. Enhanced Customer Experience
Nobody likes failed payments or delays. This integration ensures smooth, reliable payment transactions for happier customers who are more likely to become repeat customers.
3. Improved Financial Management
Automating payment processes within Dynamics 365 means fewer manual tasks and more accuracy. When you have a better handle on your financials, you can focus on growing your business.
4. Data Consistency
One system, one set of data. With Advanced Vault integrated into Dynamics 365, your financial data will be accurate and consistent across all your systems, reducing errors and making reporting a breeze.
5. Cost Savings
Optimized payment management and reduced operational costs will translate to a real impact on your bottom line. This integration helps improve efficiency while saving you money on fees and processes you no longer need.
6. Security and Compliance
Security is a top priority, and Advanced Vault integration ensures your payment data remains secure and compliant with industry regulations like PCI. This builds trust with your customers and protects your business from potential risks.
7. Modern Payment Orchestration Platform
With this integration, Microsoft Dynamics 365 becomes a modern payment orchestration platform, empowering you to manage all your credit card processing in one place, with a system designed to keep everything running smoothly.
USTPay offers deep expertise in implementing Advanced Vault integration, ensuring your business can fully leverage its many benefits.
Because it’s not just about the technology—it’s about making the most of it.
Real-World Impact for Businesses
To understand the impact of Advanced Vault in action, let’s look at a hypothetical e-commerce business we’ll call—Homer’s Hats.
They faced common issues like outdated payment information and failed transactions, which slowed their operations and frustrated customers.
Since integrating Advanced Vault with their Microsoft Dynamics 365 platform, Homer’s Hats has seen immediate improvements in critical areas, including:
Efficiency: Automating payment processes eliminated manual work, freeing up valuable time for the team to focus on scaling their business instead of being bogged down by repetitive tasks.
Customization: The flexibility of the Advanced Vault allowed Homer’s Hats to tailor the solution to their specific needs, whether that meant managing different currencies or operating across multiple regions.
Cost Savings: By automating payment management and optimizing processes, Homer’s Hats was able to cut unnecessary costs, which gave them more flexibility to reinvest in their business.
Improved Data Accuracy: Keeping payment data current and accurate helped reduce transaction failures and ensure that every customer’s payment went through smoothly.
Enhanced Security: With PCI compliance and advanced security features in place, Homer’s Hats could protect sensitive customer information, building trust and preventing potential data breaches.
Better Customer Experience: Reliable payment transactions led to happier customers and more repeat business. Smooth payments meant fewer complaints and more satisfied shoppers.
These benefits improved their payment processes and positioned them for long-term growth. These same advantages are available to any business integrating Advanced Vault through USTPay.
Designed to do more than secure your payments, the Advanced Vault solution enhances efficiency, reduces operational costs, and integrates seamlessly with Microsoft Dynamics 365. Improving transaction success rates and customer satisfaction gives your business the tools needed to thrive, even in highly competitive markets.
Don’t leave your business vulnerable to outdated systems and payment inefficiencies. Reach out to learn more about the Advanced Vault solution for Microsoft Dynamics 365 through USTPay today.
About Wade Tetsuka:
Wade Tetsuka is a visionary leader with over 15 years of experience as President of U.S. Transactions Corporation, where he has helped transform the landscape of B2B merchant services.
His deep expertise in finance, coupled with a keen understanding of compliance and client management, has positioned UST–a leading payments software provider and Independent Software Vendor (ISV) for Microsoft Dynamics 365–as a trailblazer in helping businesses save money and streamline payment processes.
As the founder of Presidential Forum LLC, an exclusive network for C-level executives, Wade fosters thought-provoking discussions that shape industry trends and leadership strategies. His commitment to excellence and forward-thinking approach makes him a sought-after voice in both the merchant services and executive leadership arenas.
Connect with Wade on LinkedIn.