Enhance Customer Retention and Revenue with Automatic Card Updater

In the fast-paced world of e-commerce, maintaining up-to-date customer payment information is crucial for business success. MobiusPay Gateway's Automatic Card Updater is a powerful tool that enables businesses to effortlessly validate and update credit card information, ensuring seamless transactions and enhancing customer experience.

The Automatic Card Updater works by validating data with card networks on any processor, automatically updating cardholder information when personal details change or become outdated. This eliminates the need for businesses to directly contact customers for updated credit card information, saving time and reducing friction in customer interactions.

One of the key benefits of the Automatic Card Updater is its ability to keep revenue flowing by reducing the gap between expected and received payments. By ensuring that customer information is always up to date, businesses can improve their chances of subscription renewal and reduce involuntary churn due to expired cards.

Moreover, the Automatic Card Updater improves customer retention and experience by decreasing interruptions in recurring subscriptions and memberships. With up-to-date card information on file, businesses can avoid chasing down customers for updated data, leading to increased authorization and approvals.

The Automatic Card Updater is processor agnostic and works with any card/processor combination, especially when used in conjunction with tokenized data within the gateway's Customer Vault. This ensures uninterrupted payouts for subscriptions and memberships, regardless of the payment processor used.

Merchants can also benefit from the customization options offered by the Automatic Card Updater, allowing them to define custom schedules for auto-drafting customers and update documentation to match their branding, thus improving brand awareness.

It's worth noting that all four major credit card companies offer automatic card updater services for merchants. However, the exact methods of these services may vary. American Express and Discover allow merchants to subscribe to their updater services directly, while Visa and Mastercard require merchants to subscribe via their acquirer, issuer, or payment processor.

MobiusPay Gateway's Automatic Card Updater is a valuable tool for businesses looking to enhance customer retention, improve revenue flow, and streamline payment processes. By keeping customer payment information up to date, businesses can reduce costs, save time, and provide a seamless experience for their customers. Contact us today to learn more about how our customized solutions can benefit your business.