Spreedly has enhanced its open payments platform through the integration of Just-In-Time Card Updates for Visa Cards, powered by Visa Account Updater (VAU).
The new feature aims to tackle the issue of failed payments, particularly in recurring billing and subscription models, where outdated card details are a significant cause of transaction declines.
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The Just-In-Time Card Updates integration allows merchants to access up-to-date card credentials in real time at the point of transaction, unlike traditional methods that rely on scheduled batch updates.
Built on Spreedly’s Advanced Vault capabilities, the solution leverages Visa’s network to enable merchants to fetch card updates precisely when needed.
Merchants can also manage the timing of card updates to align with their operational needs, Spreedly said.
In addition to the VAU integration, Spreedly is incorporating Visa Acceptance across key gateways, including CyberSource and Authorize.Net, to enhance transaction reach and reliability.
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By GlobalDataSpreedly president Peter Dougherty said: “Our mission is to provide merchants with the flexibility and intelligence they need to optimise every transaction. We wanted to create an innovation that drives results for our customers – a card update in-line with the transaction itself does exactly that.”
In April, Spreedly partnered with FlexFactor, a payment recovery platform, focussing on assisting merchants in recapturing sales lost due to incorrect payment declines.
