When it comes to recurring billing and payments, B2B businesses face some of the same challenges as B2C businesses. According to the top processors, declined cards due to non-updated information is one of the biggest challenges facing all businesses using recurring card payments.
From card expirations to lost or stolen cards, card upgrades, and portfolio conversions, card account information changes for many reasons and causes payment breakage, meaning, the card is no longer able to be used for recurring transactions. One of the most effective tools to counter payment breakage due to declined cards is a recurring billing solution equipped with an account updater feature. Account Updater helps B2B businesses drive revenue lift by updating account information before the transaction is processed.
