Tokenization, Meet Account Updater
Written by Evan SchumanOctober 21st, 2009
Some six years after both MasterCard and Visa enabled retailers to automatically update credit card information—a capability that many chains never opted to use—Cybersource on Monday (Oct. 19) said that it is automating that process for its customers but added a nice twist: It would automatically update the tokens that replaced the changed cards.
This approach isn't much of a technological innovation. All the vendor is doing is adding a script that leverages the data the brands have been offering for years. But it's a script that no one else has yet bothered to create. That said, given the number of retailers that never chose to use the original services, it's unclear how many will jump at this new feature.
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2 Comments | Read Tokenization, Meet Account Updater
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
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October 21st, 2009 at 7:22 pm
You neglected to mention that hefty charge you got hit with for having a late recurring payment – even if it was just an expiration date change. That use to steam me up, it was an annual phone call for my club memberships.
November 9th, 2009 at 6:10 am
It would really be good if they’ll do it as added service not another way of cashing in on customers like me.