Mastercard Automated Billing Updater

October 3, 2010

October 3, 2010

[wpseo_breadcrumb]

Categories

For businesses that bill the same customers repeatedly using a stored credit card number, such as subscription businesses, a major challenge is handling cards that decline because the customer replaced his/her old card with a new one.  Since card replacements happen pretty frequently (every time a card is lost or stolen), the operational headache of […]

46 Seconds to Discover Thousands of Wasted Dollars in your Business.

82% of companies find $12,000 wasted annually. How much are you losing?

nexus-feefighters-quiz-saving-money

For businesses that bill the same customers repeatedly using a stored credit card number, such as subscription businesses, a major challenge is handling cards that decline because the customer replaced his/her old card with a new one.  Since card replacements happen pretty frequently (every time a card is lost or stolen), the operational headache of contacting the customer and asking for the new card number can be pretty large.

Some credit card processors support a new feature from Mastercard called Mastercard Automated Billing Updater.  With Mastercard Automated Billing Updater, all transactions attempted with cards that have been replaced return a result that includes the new card number, which can be stored for future use. Visa has an equivalent feature called Visa Account Updater.

If you are looking for a credit card processor that supports Mastercard Automated Billing Updater, use FeeFighters.

Reduce Credit Card Processing Fees

with FeeFighters

[comments-template]

Recent Posts

In today’s business world, the point of sale (POS) system has become a key part of operations for retailers. The POS system is involved in several aspects of a business, such as inventory management, funds, and managing the inflow and outflow of products and services within a store. Due to its unique position in key […]

What Is Sales Tax Compliance Outsourcing? (SALT)Ever since the South Dakota v. Wayfair court ruling that you don’t need to have a presence in a state in order to be required to collect taxes on sales there, tax law has never quite been the same. If you need to collect taxes in many states and […]

Knowing how to properly collect sales taxes in different states and jurisdictions is incredibly complicated. Different tax jurisdictions have different laws and rates, but accountants and tax lawyers are expensive. Worse yet, a tax mistake due to ignorance of sales tax law can lead to an audit or penalty that will cost your business a […]

Chargebacks are debit or credit card charges that have been disputed by customers. Sometimes these come in the form of chargeback fraud, but other times they are legitimate. When a chargeback happens, you have to deal with the acquiring bank and other entities in order to dispute it. Regardless of the reason for any given […]

© 2019 – FeeFighters, LLC – Call Us – (646) 448-8804

PO BOX 1459, MOUNTAINSIDE, NJ 07092

×