Product: Account Updater
CardSync, a cloud-based solutions provider, automated its card account updater, enabling merchants and third-party service providers keep card-on-file data current and PCI compliant. The PCI DSS Level 1 and 2 certified solution seamlessly integrates recurring and card-on-file payment data while providing simple yet comprehensive API documentation, according to William Kinney, founder and CEO at CardSync.
"CardSync is a universal account updater platform that will efficiently pass critical updates from Card Issuers worldwide to any PCI DSS Level 1or 2 environment that stores credit card data for recurring and credentialed processing," Kinney said. "CardSync works seamlessly regardless of merchants' ISO, MSP or acquiring bank."
Kinney pointed out that CardSync is a truly universal solution that can appeal to small, midsize and enterprise-scale organizations and doesn't require users to move stored card data or pass through authorization codes. A large enterprise merchant or third-party provider could use the solution to store tens of thousands of card data records, he added. CardSync incorporated the card brands' AU onboarding requirements into its API, enabling partners to enhance their omnichannel objectives by leveraging the cloud-based platform.
Kinney noted that approximately 33 percent of consumers change their preferred payment methods every year, without always updating all of their payment information on file. This can make it difficult for merchants to maintain up-to-date customer credit card credentials.
CardSync can prevent service interruptions by embedding its automated universal card account updater program within merchants' ecosystems, Kinney explained. Following are additional benefits the company detailed:
In addition, CardSync's efficient, scalable Account Updater strengthens merchant relationships and boosts their confidence by helping them reduce declined transactions. And it works equally well for single location merchants and large chains.
James Hubert, director of business development at CardSync, noted that the costs of manual updates far outweigh CardSync's transaction fees, which are limited to card updates and not inquiries. "With our reporting API, merchants can see what credit card information has changed, the reason for the change, and any account closures," he said. "CardSync is a one of a kind solution that gives merchants actionable information to save the sale."
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.Prev Next