OmniFund introduces Account Updater, a service that provides the most up-to-date credit card information for customer accounts in a timely, cost-effective manner. Ideal for subscription billing, recurring payments, installments, and account-on-file processes, Account Updater ensures a smooth billing process with fewer declines.
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OmniFund understands that staying on top of changing account information is complex, time-consuming, and costly. The company offers two simple options to access Account Updater for simple integrations and a seamless experience. Merchants can easily enable OmniFund’s Account Updater through their OmniFund account or through extensive APIs for smooth integration with existing software.
“If a merchant provides goods or services on a recurring basis, they’re counting on a certain amount of revenue to come in with every billing cycle,” says Stacy Roderick, CEO of OmniFund. “If the customer’s credit card is lost, stolen, or expired, and they forget to update their card information, that can disrupt the billing cycle. Account Updater prevents that by linking customer accounts directly to the issuer.”
Account Updater reduces the amount of time merchants spend chasing declined credit card transactions. By eliminating these time-consuming and costly service interruptions, it strengthens customer relationships and boosts the overall quality of customer interactions. Cardholders can trust that their data is protected through a secure, direct connection to the card issuer database when Account Updater is enabled through an OmniFund account. OmniFund uses advanced tokenization to protect customer data further.
The efficiency of Account Updater allows businesses to achieve customer service cost savings, higher approval rates, increased sales, and higher customer satisfaction. OmniFund makes it easy for merchants to provide better customer experiences. This turnkey solution is easy to install and simple to use.
