What is Account Updater?

Account Updater is the secure exchange of updated account information, facilitated by the card brands. Updated information flows through card brands, from card issuers and acquirers, to merchants that vault card credentials. This reduces checkout friction for customers, because they do not have to re-enter payment information to complete a purchase.

 

Supported Networks

Benefits

Increase Approval Rates

Reduce fraud through eliminating lost or stolen card information

Reduce Churn

Avoid lost sales and customer turnover due to card reissuance (up to 30% annually)

Improve Customer Experience

Eliminate the need for customers to re-enter card details when expired, and repeat purchases with a single click

Why Loon?

Coverage and Support

  • Global support with a single connection
  • Direct link to card network data

Ease of Implementation

  • Quick integration into any vault architecture
  • Simple API to get you started quickl

Flexibility and Performance

  • Notifications sent when cards are updated
  • Cloud-based service with low-latency

How it Works?

After integrating our service, you’ll be able to

Send cards to Loon via API, API-batch, or file-batch to meet all your Account Updater needs

Send cards to Loon via API, API-batch, or file-batch to meet all your Account Updater needs

Provide a better customer experience by always having current credentials on hand

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