Merchant e-Solutions Simplifies Card Account Updating For Merchants
Source: Innovative Retail Technologies
(Redwood City, CA) — June 15, 2009 — Merchant e-Solutions, Inc. (MeS), a
global e-commerce payment provider, today announced the addition
of Visa and MasterCard automatic account updating services for
e-commerce and card-not-present merchants that specialize in recurring
billing. Approximately half of all card accounts change annually in an
issuing bank's portfolio, which can lead to denial of transactions
billed to outdated cards.
Recurring billing merchants can easily take advantage of Visa's Account
Updater and MasterCard's Automatic Billing Updater while transacting on
the Merchant e-Solutions proprietary processing platform to prevent
recurring billing interruption when card accounts are changed for a
variety of reasons, including:
With these services, Merchant e-Solutions offers its online merchants
the ability to electronically receive the most current cardholder
information from issuers. Merchants submit request files through one
easy interface that supports both Visa and MasterCard and MeS manages
all communications with the card associations on a daily basis.
"We are dedicated to bringing innovative solutions to enhance our
merchant's payment relationships while providing them the tools to
attain a larger penetration into the recurring billing market segment,"
said Jim Aviles, COO, Merchant e-Solutions. "Our updating capabilities
streamline authorizations, prevent transaction declines, add the
opportunity for increased sales and ultimately promote customer retention."
Using Merchant e-Solutions highly advanced payment processing with
Visa's Account Updater and MasterCard's Automatic Billing Updater
enables changes to account numbers and expiration dates for auto bill
payments such as: weekly or monthly billings, Internet services,
rentals, subscription services, membership or preferred customer
programs and more. By automatically insuring uninterrupted service while
seamlessly updating "card on file" account information, merchants now
have access to data changes in a timely and cost effective manner.
MeS's Internet-based services include payment processing solutions
tailored specifically for online merchants, including the MeS Payment
Gateway and Virtual Terminal, plus an extensive real-time, web-based
reporting platform that provides access to over five years of processing
history. The PCI compliant payment gateway supports a broad range of
payment solutions with a streamlined API that is easy on IT resources.
About Merchant e-Solutions
Merchant e-Solutions (MeS)
Merchant e-Solutions, founded in 1999, provides Internet-based payment
processing solutions for merchants and banks. Merchant e-Solutions
currently processes more than
$14 billion dollars in payments for more than 65,000 merchants,
supporting 150 global currencies and all major credit, debit and
alternative payment solutions. The company specializes in services for
e-commerce and card-not-present merchants and provides a comprehensive
suite of payment solutions that are PCI compliant and designed to reduce
merchant risk exposure. Merchant e-Solutions is headquartered in Redwood
City, CA, with operations in Spokane, WA, and satellite offices in
Minneapolis, MN, and Columbus, GA. For more information, go to
http://www.merchante-solutions.com
global e-commerce payment provider, today announced the addition
of Visa and MasterCard automatic account updating services for
e-commerce and card-not-present merchants that specialize in recurring
billing. Approximately half of all card accounts change annually in an
issuing bank's portfolio, which can lead to denial of transactions
billed to outdated cards.
Recurring billing merchants can easily take advantage of Visa's Account
Updater and MasterCard's Automatic Billing Updater while transacting on
the Merchant e-Solutions proprietary processing platform to prevent
recurring billing interruption when card accounts are changed for a
variety of reasons, including:
- Account number replacement due to lost, stolen or data breached cards
- Change of account numbers or expiration dates
- Account closures due to either customer choice or bank decisions
- Portfolio conversions and program upgrades or downgrades
With these services, Merchant e-Solutions offers its online merchants
the ability to electronically receive the most current cardholder
information from issuers. Merchants submit request files through one
easy interface that supports both Visa and MasterCard and MeS manages
all communications with the card associations on a daily basis.
"We are dedicated to bringing innovative solutions to enhance our
merchant's payment relationships while providing them the tools to
attain a larger penetration into the recurring billing market segment,"
said Jim Aviles, COO, Merchant e-Solutions. "Our updating capabilities
streamline authorizations, prevent transaction declines, add the
opportunity for increased sales and ultimately promote customer retention."
Using Merchant e-Solutions highly advanced payment processing with
Visa's Account Updater and MasterCard's Automatic Billing Updater
enables changes to account numbers and expiration dates for auto bill
payments such as: weekly or monthly billings, Internet services,
rentals, subscription services, membership or preferred customer
programs and more. By automatically insuring uninterrupted service while
seamlessly updating "card on file" account information, merchants now
have access to data changes in a timely and cost effective manner.
MeS's Internet-based services include payment processing solutions
tailored specifically for online merchants, including the MeS Payment
Gateway and Virtual Terminal, plus an extensive real-time, web-based
reporting platform that provides access to over five years of processing
history. The PCI compliant payment gateway supports a broad range of
payment solutions with a streamlined API that is easy on IT resources.
About Merchant e-Solutions
Merchant e-Solutions (MeS)
Merchant e-Solutions, founded in 1999, provides Internet-based payment
processing solutions for merchants and banks. Merchant e-Solutions
currently processes more than
$14 billion dollars in payments for more than 65,000 merchants,
supporting 150 global currencies and all major credit, debit and
alternative payment solutions. The company specializes in services for
e-commerce and card-not-present merchants and provides a comprehensive
suite of payment solutions that are PCI compliant and designed to reduce
merchant risk exposure. Merchant e-Solutions is headquartered in Redwood
City, CA, with operations in Spokane, WA, and satellite offices in
Minneapolis, MN, and Columbus, GA. For more information, go to
http://www.merchante-solutions.com
This website uses cookies to ensure you get the best experience on our website. Learn more