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How does Account Updater work?

Payway’s automatic account updater ensures that the data vault contains the most up-to-date card data, including expired cards, closed accounts, and changed account numbers.

Account Updater is a feature that automatically queries Visa and/or Mastercard for updates in the event that a customer’s card expires, changes or closed. Account Updater ensures steady revenue by helping you avoid failed transactions or gaps in services provided to your customers.

Instead of you spending any time or manpower finding the missing data, we proactively take care of it all, without any disruption to you or your team.

  • Participating card issuers send account information to Visa/Mastercard and Discover.
  • Payway routinely sends queries for updates from Visa/Mastercard and Discover.
  • Visa/Mastercard and Discover return updated information.
  • Account Updater applies new account information to the Payway vault.