Spreedly has recently enhanced its platform by integrating Just-In-Time Card Updates for Visa Cards, supported by Visa Account Updater (VAU).

By incorporating this feature, Spreedly aims to reduce payment failures caused by outdated card details, particularly in recurring billing or subscription models. The integration of Just-In-Time Card Updates ensures merchants receive updated card credentials when needed.

Deepening Strategic Partnership with Visa

This move further strengthens Spreedly’s collaboration with Visa to advance the payment ecosystem. Previously, the two companies partnered in 2021 to promote network tokenization through Spreedly’s Payment Orchestration solution across Latin America.

Now, apart from integrating with VAU for Just-In-Time Card Updates, Spreedly is also incorporating Visa Acceptance across key gateways such as CyberSource and Authorize.net. This strategy aims to provide merchants with greater reach and reliability.

Benefits of the Integration

• Improved authorisation rates, as the solution minimises declines due to outdated card information and recovers revenue from failed transactions.
• Increased operational efficiency by eliminating constant background refreshments for card updates on demand.
• Enhanced customer retention through prevention of service interruptions and improved customer loyalty with simplified transactions.
• Greater flexibility allowing merchants to control the timing and use of card updates according to their needs.

Representatives from Spreedly highlighted their commitment to offering businesses the necessary tools and flexibility to optimise their transaction processes.