What is Account Updater

The Account Updater service, offered by the card networks, facilitates PAN lifecycle management by retrieving the new PAN information in case of an expired, lost, or stolen card. Ensuring accurate and up-to-date credentials are available at the time of purchase. Provides updated PAN (primary account number) to the token provider to ensure the credential is always accurate and up-to-date.

Builds on top of the merchant’s payment card vault
Account Updater can be leveraged to improve Life-Cycle Management when network tokens are not possible, due to partial issuer support, and performance on alternative rails.

Benefits of Account Updater

Real-time

agnostic, Aaccount Updater solution

Save lost revenue

recover failed payments from invalid/expired cards

Minimize duplicative costs

by only updating cards when there is likely buying intent

Processor flexibility

leverage updated cards across multiple processors

Why use Account Updater if already using Network Tokens?

Network Tokenization has a few gaps in support and experience that Account Updater mitigates, including:

Partial Issuer Support
Underperforms on alternative rails; e.g PINless (US), Cartes Bancaires (FR), EFTPOS (AU)