Payments solutions company, Braintree, recently launched a plugin that allows its payment gateway to be used by the 110,000 users of Magneto eCommerce Solutions.

Since customer credit card information is stored in the Braintree Vault, Magneto users benefit from a reduced PCI compliance burden and helps merchants drive sales. Bill Ready, Braintree CEO states:

“By keeping all credit card data secure in our Vault, we make PCI compliance much simpler and easier for merchants to achieve. The Braintree Vault also allows merchants to implement a card-on-file feature which helps merchants increase their conversion rate at checkout.”

Braintree processes over $4 billion in credit card transactions annually.

To learn more about Braintree watch its FinovateSpring 2011 demo.