Keeping Payments Smooth and Secure: A New Tool for Businesses
The Problem
Businesses often face revenue loss when customers' cards expire or get replaced.
The Solution
Charge1, a payment handling company, has launched a new tool called Automatic Card Updater (ACU). This tool is designed to automatically update card details for businesses operating on a subscription basis.
How It Works
- Connects with major card companies like Visa and Mastercard.
- Checks for changes in card details (expiration dates, new card numbers).
- Updates stored card information automatically.
Benefits
- Automatic Updates: No need to manually update card details.
- Reduces Payment Failures: Ensures payments go through without hiccups.
- Secure: Keeps customer information safe.
- Retains Customers & Revenue: Helps businesses maintain their customer base and income.
- Easy Checkout: Simplifies the payment process.
- Real-Time Updates: Provides up-to-date information as it happens.
Implementation
Businesses can enable the ACU in their Charge1 dashboard. They can choose to update all stored card details or select specific ones. Updates occur in real-time or in scheduled batches, depending on the card company.
About Charge1
Charge1 is committed to providing secure and scalable payment solutions. They work with processors, software platforms, and Independent Sales Organizations (ISOs), offering flexible payment technology for various business types.
Vision
Alex Hemmat, a leader at Charge1, emphasizes that payments should be seamless and always functional. The ACU turns a common problem into an opportunity for business growth.
