Payway makes scheduling credit card payments and donations a no brainer — for merchants, employees, and customers. Our team helps build the integrated forms you need, and organizes customer information for easy retrieval whenever you want it. Once payments are scheduled at the onset, you can move on to the next to-do item with confidence that Payway will handle scheduled payments like clockwork.
Customers and donors enjoy the convenience of automated payment scheduling through ACH debits, and merchants will appreciate next-day payments, helped by our secure tokenization method of communication between the banks involved.
Account numbers change, but that shouldn’t require manual labor. When you add automated account updating to Payway, you can be confident that recurring payments will happen as they should. Our software application automatically hunts down outdated credit card information for recurring credit card payments so you reduce declined payments and keep the cash flowing in, as it should.
Participating card issuers (banks and the like) inform Visa and/or MasterCard when a customer’s card expires, the account numbers are changed, or the account is closed.
Payway’s Account Updater tool routinely queries Visa and MasterCard for updates such as these, and the revised information is returned upon our request.
Account Updater then applies the new account information to the Payway vault, updating that cardholder’s token, so it’s ready to process the next scheduled recurring payment, without skipping a beat.