Overview
Account Updater bridges the gap between card issuers and merchants, seamlessly delivering updated card information directly into your hands. No more chasing customers for new details or wrangling with failed payments. This powerful network tool empowers you to:
Boost authorization success rates: Minimize declined transactions and ensure smooth recurring payments for subscription models.
Reduce customer churn: Offer a frictionless checkout experience that keeps customers happy and engaged.
Simplify workflows: Eliminate manual updates and focus on building your business instead of chasing card details.
Enhance security: Leverage secure and encrypted data exchange to protect both you and your customers. VGS Account Updater simplifies connection to payment networks, automatically fetching and delivering updated card information to merchants, ensuring seamless recurring payments and reducing customer churn
Onboarding
The process of onboarding into the VGS Account Updater Service from the Card Networks requires up to ~10 business days. You must submit your paperwork as either a merchant or a payment facilitator via a digital document. After the paperwork is submitted, VGS will proceed to register the merchant with the networks, generate unique identifiers, and finalize the onboarding process.
Please download and fill out this Merchant Onboarding Form and email the updated form to VGS Support ([email protected]) and your VGS account manager. VGS will then complete the forms and submit them on to the card networks.
Integration with VGS
Once VGS receives your merchant details and enables Account Updater on your account, you will be able to access the Account Updater API using either the account updater credentials.
Reference
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