How Merchants Benefit
Merchants with recurring payment accounts face an ongoing question: how many payments will bounce back this month? Bounce-backs not only frustrate and inconvenience consumers, they jeopardize revenue flows. And they increase customer service demands by forcing merchants to contact the customer for another means of payment, or to request updated information. By reducing customer service disruptions, the MasterCard® Automatic Billing Updater ensures continuous service for consumers and continuous payment for merchants. It seamlessly updates account information without impacting consumers. And it helps maintain and increase customer satisfaction and loyalty – minimizing the number of customers likely to switch to another merchant.