Keeping Payments Smooth and Secure: A New Tool for Businesses

Businesses often lose money when customers' cards expire or get replaced. Charge1, a company that helps businesses handle payments, has a new tool to fix this problem. It's called the Automatic Card Updater (ACU). This tool automatically updates card details for businesses that sell things on a subscription basis. The ACU connects with big card companies like Visa and Mastercard. It checks for changes in card details, like new expiration dates or new card numbers. Then, it updates the stored card information automatically. This means businesses don't have to ask their customers for new card details every time a card expires or gets replaced. Alex Hemmat, a leader at Charge1, says that payments should be easy and always working. He believes that this new tool can turn a problem into an opportunity for businesses to grow.The ACU has several features. It updates card details automatically. It reduces payment failures. It keeps customer information secure. It also helps businesses keep their customers and their revenue. Plus, it makes checkout easier and gives businesses real-time updates. Businesses can turn on the ACU in their Charge1 dashboard. They can update all their stored card details or just some of them. Depending on the card company, updates happen in real-time or in scheduled batches. This new tool shows Charge1's commitment to helping businesses with their payment needs. It's part of their effort to provide secure and scalable tools for subscription-based billing and recurring revenue optimization. Charge1 is a company that provides payment solutions for businesses. They work with processors, software platforms, and Independent Sales Organizations (ISOs). They offer flexible payment technology for different types of businesses.