If your business processes recurring or subscription billing transactions, you are aware that outdated payment account information can significantly impact your sales and raise your costs. You are also aware that having to manually follow up with customers to update that information is costly and time consuming.
Account Updater automatically updates changes made to stored customer payment card data.
These changes can include:
- Expiration data
- Lost or stolen card
- New card numbers
- Upgraded card
- Account closures
- Portfolio conversions
- Brand migrations between Visa and MasterCard
Account Updater ensures uninterrupted service for cardholders and uninterrupted payment for merchants. It seamlessly updates “card on file” account information without impacting cardholders. Perhaps most important, it can maintain and build customer satisfaction, making them more loyal and less likely to switch to your competitor.
By automatically maintaining the accuracy of customer data, Account Updater prevents recurring billing disruptions due to account changes. Account Updater extends the life of automatic payment arrangements by helping secure these ongoing, revenue-generating relationships, all while locking in revenue, reducing processing costs, maintaining service continuity and strengthening cardholder satisfaction.
To receive more information on how our payment processing solutions can help your business increase sales and reduce risk contact an Elite representative at 877-330-3313 or firstname.lastname@example.org