Spreedly, an API-based payment orchestration layer provider since 2012, sits between merchants, marketplaces and platforms and their gateway and payment service providers (PSPs). It captures and stores payment card details from buyers in a vault and then delivers a network token and cryptogram to merchants. Tokenized transactions are routed to the most appropriate payment service provider. Spreedly says its customers see up to a 2.2% lift in authorization rates, including from fewer erroneous declines of valid transactions. Tokens also reduce fraud and lower a merchant’s PCI-compliance ex...