Credit and debit card numbers change for many reasons: card expirations, upgrades, compromised account numbers and more. This poses problems for online merchants as out-of-date payment information can result in lost revenue, involuntary churn and decreased customer satisfaction.
Spreedly’s Account Updater allows you to always keep your customers’ card details up-to-date.
There is no work for you to do; cards are automatically updated in the background and your customers can continue using your service without interruption.
With Account Updater you can:
- Reduce lost revenue to account churn
- Reduce costs associated with failed transactions
- Reduce storage fees for defunct cards
- Decrease customer churn
- Increase customer satisfaction