E-commerce Payment Processing with Real-time Account Updater

Authors

  • Vandana Sharma Technology Specialist, Department of Computer Science, Rajiv Gandhi Proudyogiki Vishwavidyalaya, Bhopal, Madhya Pradesh, India

Keywords:

payment processor, authorization, card networks, RTAU, Batch RTAU

Abstract

Returning shoppers on an ecommerce website sometimes does not maintain the latest card information like updating the expired credit card, removing the closed credit card and updating it with a new card. This results in failed transactions leading to poor user experience and resulting in abandonment of the shopping cart. To solve this issue, popular payment processors provide a solution called Real-time account updater; this feature helps to keep customer account information up to date in real-time. It ensures that recurring payments, subscriptions, and other financial transactions continue to be processed without interruption, even when a customer’s account details change (such as a new credit card number or expiration date).

References

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Paypal Developer. (2016). Real-time account updater for direct merchants. Available from: https://developer.paypal.com/docs/checkout/advanced/customize/rtau/

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Dykstra K. (2022). What Is a Credit Card Account Updater and How Does it Work? Payment Cloud Blog. Available from: https://paymentcloudinc.com/blog/account-updater/

Stripe. (2023). Optimizing authorization rates: How to reduce network declines. Available from: https://stripe.com/en-in/guides/optimizing-authorization-rates

Worldpay. (2020). eComm Account Updater Implementation and Operations Guide. Available from: https://developer.worldpay.com/assets/pdf/us-ecom-pdf/Worldpay_eComm_Account_Updater_Ops_Guide_API12.12_V4.7.pdf

Published

2023-10-09

How to Cite

1.
Sharma V. E-commerce Payment Processing with Real-time Account Updater. ECFT [Internet]. 2023 Oct. 9 [cited 2024 Apr. 19];10(3):1-6. Available from: https://stmcomputers.stmjournals.com/index.php/ECFT/article/view/662