Card information changes occur constantly, and can result in declined transactions for merchants who aren’t kept current on the status of their customers’ accounts.
Card Account Updater is a service that keeps you up to date regarding your customers’ card information, enabling you to provide uninterrupted service and enjoy the security of uninterrupted payments.
Bank of America Merchant Services will register your business with participating card networks, which include Visa® and MasterCard® and facilitate implementing the file exchange between your business and the Card Account Updater service. When a cardholder’s account information changes, you are notified of the modifications and receive updated files for use on any new transactions you process.
Card Account Updater not only assures that payments to you remain constant, but eliminates the need to track down your customers in order to update their information, reducing inconvenience for you and them.