In 2022, merchants are expected to see more than $443 billion in false declines, according to Chargebacks911. When card-on-file data becomes outdated, merchants miss out on sales. Abandoned carts aren’t the only challenge either, subscription sales decline and customer churn increases - but a solution is on the horizon!
Card networks are releasing dynamically updated network tokens, to ensure that customer payment credentials are always up to date.
Watch this webinar to learn how to keep card-on-file data updated automatically, increase the value of your payments data, and boost your transaction approval rates.