payment processor
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E-commerce Payment Processing with Real-time Account Updater
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 …
Published in E-Commerce for Future & Trends · Vol. 10, Issue 3, 2023 · pp. 1–6 Read article