Empowering Seamless Card Updates for Lenders and Cardholders
The End of Manual Updates:
Visa® Account Updater (VAU) and Mastercard Automatic Billing Updater (ABU)
Bid farewell to the hassle of manually updating card information when it expires or gets replaced. Paydium introduces the game-changing Visa Account Updater (VAU) and Mastercard's Automatic Billing Updater (ABU) - a visionary program that transforms disbursement and repayment experiences for borrowers using their debit cards.
Enhanced Experiences:
The Power of VAU/ABU
Lenders now wield the power to elevate disbursement and repayment experiences with VAU/ABU. Embrace the dynamic collaboration with Visa and Mastercard, as they seamlessly and securely update your customer's card number and expiration date for participating VAU/ABU merchants with established recurring payments.
Merchant Empowerment: Unleashing VAU/ABU Benefits Unlock a realm of benefits with VAU/ABU for merchants:
- Witness an upsurge in payment success rates for recurring billing, leading to increased authorization approvals.
- Offer your borrowers/cardholders a simplified card update process, revolutionizing their interaction with your platform.
- Drastically reduce customer interactions, as VAU/ABU automatically obtains the card-holder's Primary Account Number (PAN) and card information.
- On average, prevent at least a third of all card-not-present declines, enhancing the efficiency of your payment ecosystem.
Cardholder Bliss:
Embracing VAU/ABU Perks
Embrace an era of uninterrupted service with participating merchants, as VAU/ABU minimizes the chance of disruptions due to outdated card information. Cardholders relish the reduced risk of payment interruptions, ensuring seamless transactions throughout their borrowing journey.
The Future of Card Data Management:
Paydium's Account Updater
Witness the dawn of a new era in card data management with Paydium's Account Updater. Embrace the efficiency of automated updates, where borrower and merchant experiences intertwine effortlessly. Elevate your lending operations with VAU/ABU, where security, simplicity, and success converge. Empower your borrowers, delight your merchants, and embark on a journey of unparalleled payment prowess with Paydium's visionary solutions.
Pioneering the Future of Debt Repayment
Join us on our mission to redefine the future of lending payment solutions with our innovative merchant services platform.
