ProPay® EnsureBill™

Transcription

ProPay® EnsureBill™
Data Sheet
ProPay® EnsureBill™
Account Updater Service Increases Your Revenue by Reducing Card Declines on Your Monthly Billings
UPDATE
Problems With Declines On Auto-Shipments?
If your business relies upon stored customer payment card information
for recurring billing, auto-shipment, etc., ProPay offers ProPay
EnsureBill™ to streamline the process of maintaining and updating
stored customer payment card information. Maintaining accurate
customer payment card data is one of the biggest and most costly
concerns merchants accepting recurring payments face today.
With ProPay EnsureBill you can reduce declined transactions and
authorization fees by getting updated account numbers, expiration
dates, and account status’ on your Visa®, MasterCard®, and Discover®
cardholders.
Typically, 30% of accounts annually incur changes in account number
or expiration date, or the account is closed.ª When transactions on
these accounts fail, cardholders are inconvenienced and may terminate
their relationship resulting in lost sales. Merchants who continue
to bill using out-of-date information bear higher rates of declined
transactions and extra costs. If cardholders are contacted to update
their information, merchants run the risk of payment switching or
service cancellation. ProPay EnsureBillhelps you avoid these problems.
ª http://www.visadps.com/services/visa_account_updater.html
www.propay.com
ProPay® EnsureBill™ | Increase Your Revenue by Reducing Card Declines on Your Monthly Billings
Benefits of ProPay EnsureBill™
Benefits for Merchants –
Benefits for Customers –
• Fewer authorization fees
• Improves customer satisfaction by minimizing negative
• Increase revenue due to fewer declines
• Reduce customer service costs associated with manual updates
• Increase customer retention and loyalty through uninterrupted
service and risk of cancellation
• Provides uninterrupted service
experiences resulting from declined transactions
• Account update process is transparent to customers
• Improve efficiency
Simple account updates through seamless integration with ProPay’s payment processing platform
Billing with accurate payment card information can lead to improved approval rates while reducing the time and cost
associated with manually contacting customers to get updated payment card information. By delivering uninterrupted
service, you’re likely to increase revenues and improve customer retention.
TO LEARN MORE
For pricing or more information, call 888.227.9856 or email sales@propay.com. Visit www.propay.com.
© 2014 – ProPay Inc. All rights reserved. Reproduction, adaptation, or translation of this document without ProPay, Inc.’s prior written permission is prohibited.