Always Get Paid
VGS Account Updater ensures merchants have the latest card-on-file information
VGS Account Updater increases your authorization rates by reducing failed payments from lost, stolen, or expired cards.
Contact Us
Every year, 40% of cardholders replaced their cards due to the card expiring, getting lost, or being compromised by fraud. With Account Updater, 20-35% of cards are updated in the first month.
Lower Costs
You can purchase Account Updater from each processor or just once from VGS as an add-on to the Vault and use it across all processors. Achieve greater cost efficiency with a processor-agnostic solution that enables you to securely update all card brands (VISA, Mastercard, Amex, Discover) in the merchant inquiry.
Better Customer Experience
When a new card is issued, details are updated without manual customer effort to avoid declines. A positive payment, friction-free experience promotes repeat and recurring purchases and reduces the potential of lost sales. 48% of customer churn comes from failed payments.
Combine with Network Tokens
Account Updater works with Network Tokens to increase authorization rates by lowering payment declines. Improve conversion further when you add Account Updater for processors that don’t accept Network Tokens or when you need the full card number for fraud prevention or identity protection.
Manage Risk
Processing transactions with outdated card numbers opens you to risk of a consumer opening a chargeback. Ensure you are processing transactions with the latest card numbers and avoid a purchase being flagged for a chargeback.
Optimize card-on-file payments to increase revenue and retention
Account Updater automatically updates expired card information to avoid payment declines and offer a seamless payments experience
Maximize Recurring Revenue
Up-to-date card information enables subscriptions, utilities, insurance, rent and mortgage payments, loan installments, donations and more to be charged without fear of failed transactions and lost sales.
PCI-DSS Compliant
Sensitive cardholder data is tokenized and stored securely for secure storage to minimize exposure, and mitigate the risk and impact of data breaches.
Part of VGS Vault
Account Updater can benefit any customer that has cards on file. A VGS Vault customer can add Account Updater, and be ready to go once enabled.