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Australian payments firm Vault becomes Mastercard Principal Issuer to boost innovation and security

Vault Payment Solutions

Key Facts:

-Vault Payment Solutions (Australia's leading card payment provider) is now a Mastercard Principal Issuer.

-This status unlocks faster innovation, greater agility, and enhanced security for Vault's clients and cardholders.

-CEO Michael Jess states it grants new freedoms to create better programs and build the next wave of financial products.

-Clients gain direct access to Mastercard's network for enhanced card solutions and top-level security.

-Mastercard confirms this will drive greater cardholder personalisation and secure, seamless payments.

 

Vault Payment Solutions, Australia’s leading provider of secure card payments, today announced its new status as a Mastercard Principal Issuer. Known for helping businesses engage, retain, and incentivise customers instantly through simple, safe, and secure payment solutions, this new collaboration unlocks faster innovation, greater agility, and enhanced security for its clients and cardholders alike.

 

“Vault is serious about advancing client capabilities and cardholder experience through continued innovation. In securing Principal Issuer status, we benefit from new freedoms to create better programs for our clients and their valued customers.

We are committed to building the next wave of financial products while continuing to support our partners with faster, flexible solutions - Powering Smarter Payments for their businesses,” said Michael Jess, CEO of Vault.

 

As a Principal Issuing Partner, Vault and its clients gain:

 

• Enhanced Innovation: Vault can tap into Mastercard's payment innovation, building out better card solutions.
• More Agility: Vault can develop and launch new payment products faster, while working with clients to support their evolving requirements.
• Heightened Security: Direct access to Mastercard's network means top-level security for cardholders, making every transaction smarter and safer.

 

“Vault’s commitment to innovation is clear. By leveraging Mastercard’s global network, Vault is enhancing its capabilities to drive greater cardholder personalisation and deliver secure, seamless payment experiences. We’re excited to see the impact this milestone will have for Vault’s clients and cardholders across Australia,” said Surin Fernando, Senior Vice President and Head of Customer Solutions Center, Australasia at Mastercard

 

Vault’s new status as a Mastercard Principal Issuer sets the stage for accelerated growth, enabling the delivery of innovative, secure, and seamless payment experiences. This milestone reinforces Vault’s position as a trusted leader in card payments, powering smarter solutions for clients and cardholders alike.

About us:

Vault is a Melbourne-based fintech that simplifies embedded card payments for brands and platforms. With solutions spanning gift cards, reloadable prepaid cards, and controlled payment rails, Vault enables businesses to embed branded, secure, and compliant payment experiences at scale.

Contact details:

Nick Salter

Vault Payment Solutions

[email protected]

(03) 9000 0012