The optional product is
designed for businesses that accept payments in a "card not present"
environment, such as those found on the Internet, or those that generate
recurring payments. Card information such as expiration dates, account
numbers and closed accounts change regularly. These changes can now be
tracked and updated electronically in real-time eliminating the need for
the merchant to directly contact customers for these exceptions. With no
longer a need to stop the process to get the consumer to provide current
information, the merchant reduces costs created by manual efforts as well
as losses in revenue from lost transactions.
Current Credit Card Information Is Transparently
Delivered to PDS's Merchants
How it works:
Merchants are enrolled through PDS with Visa and or
MasterCard.
Credit card Issuers submit electronic files with updates to
the card associations when a cardholder’s account information
changes.
Credit Card Issuers are required to send these file updates
within two business days, and are strongly encouraged to send
them daily to ensure that account-on-file Merchants have the
advantage of the latest authorization data.
Participating Merchants submit account numbers, through PDS,
for customers with whom they have an ongoing payment
relationship. Visa and MasterCard processes inquiries against
their databases and provides responses to the PDS.
Participating Merchants are required to update their
customer account database within five business days after
receiving updates from PDS. If your recurring customer
database is hosted with PDS we will update the accounts for you.
The Credit Card Account Updater
Ability to enable the electronic exchange of updated account
information among participating Merchants, Payment Data Systems,
and credit card Issuers.
The power of a streamlined process to prevent disruption of
customer relationships that result from changes to credit card
account information.
Increased sales, more approved transactions, and higher
levels of customer satisfaction due to cost savings achieved by
not having to contact customers manually.
Benefits for merchants
Helps retain customers.
Increases customer loyalty.
Increases approved card transactions by reducing
authorization declines.
Reduces customer service expense by preventing interruption
of the payment relationship.
Benefits for your customers
Provides uninterrupted service.
Improves customer satisfaction by reducing negative
experiences caused by declined transactions.
Keeps account update process transparent to customers.
Services offerred by Central Bancard, LLC a
registered provider for DuTrac Community Credit Union, Dubuque, IA
