Latest news with #Spreedly
Yahoo
26-06-2025
- Business
- Yahoo
Spreedly integrates Visa Just-In-Time Card Updates for payment failures
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feature aims to tackle the issue of failed payments, particularly in recurring billing and subscription models, where outdated card details are a significant cause of transaction declines. 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 to enhance transaction reach and reliability. Spreedly 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. "Spreedly integrates Visa Just-In-Time Card Updates for payment failures " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
25-06-2025
- Business
- Finextra
Spreedly introduces Just-In-Time card updates to reduce failed payments
Spreedly, a leading global open payments platform, today announced a strategic enhancement to its platform through the integration of Just-In-Time Card Updates for Visa Cards powered by Visa Account Updater (VAU). 0 Outdated card details are a key driver of failed payments, particularly in recurring billing or subscription models. Spreedly's Just-In-Time Card Updates integration addresses this challenge by providing merchants with up-to-date card credentials precisely when they're needed. Unlike traditional card update strategies, which operate on a scheduled batch basis, Just-In-Time Card Updates enable real-time access to refreshed card credentials at the point of transaction to give merchants greater control and responsiveness. Built on the Advanced Vault capabilities of the Open Payments Platform, Spreedly leverages Visa's powerful network to give merchants control to fetch card updates at the right place and right time. This ability to leverage tools on demand allows businesses to better manage their operational costs and prevent disruption to the customer experience for card-on-file and subscription payments. Key Business Benefits: Improved Authorization Rates: Reduce declines caused by outdated card credentials and recover revenue from failed transactions. Operational Efficiency: On-demand updates eliminate the need for constant background refreshes; this streamlines payment workflows and reduces costs. Customer Retention: Prevent service interruptions and improve customer loyalty by ensuring seamless, uninterrupted transactions. Strategic Flexibility: Merchants control the timing and use of card updates, aligning payment operations with business needs. 'Our mission is to provide merchants with the flexibility and intelligence they need to optimize every transaction,' said Peter Dougherty, President at Spreedly. 'We wanted to create an innovation that drives results for our customers - a card update in-line with the transaction itself does exactly that.' Spreedly and Visa Deepen a Strategic Collaboration This release marks a continued deepening of Spreedly's strategic collaboration with Visa to accelerate innovation across the payments ecosystem. In addition to integrating with VAU to enable Just-In-Time Card Updates, Spreedly is integrating Visa Acceptance across key gateways—including CyberSource and provide merchants with greater reach and reliability.
Cision Canada
24-06-2025
- Business
- Cision Canada
Spreedly Announces Just-In-Time Card Updates for Visa Cards to Reduce Failed Payments
Speedly's integration helps merchants deal with outdated customer card details, a key driver of failed payments, particularly in recurring billing or subscription models DURHAM, N.C., June 24, 2025 /CNW/ -- Spreedly ( a leading global open payments platform, today announced a strategic enhancement to its platform through the integration of Just-In-Time Card Updates for Visa Cards powered by Visa Account Updater (VAU). Outdated card details are a key driver of failed payments, particularly in recurring billing or subscription models. Spreedly's Just-In-Time Card Updates integration addresses this challenge by providing merchants with up-to-date card credentials precisely when they're needed. Unlike traditional card update strategies, which operate on a scheduled batch basis, Just-In-Time Card Updates enable real-time access to refreshed card credentials at the point of transaction to give merchants greater control and responsiveness. Built on the Advanced Vault capabilities of the Open Payments Platform, Spreedly leverages Visa's powerful network to give merchants control to fetch card updates at the right place and right time. This ability to leverage tools on demand allows businesses to better manage their operational costs and prevent disruption to the customer experience for card-on-file and subscription payments. Key Business Benefits: Improved Authorization Rates: Reduce declines caused by outdated card credentials and recover revenue from failed transactions. Operational Efficiency: On-demand updates eliminate the need for constant background refreshes; this streamlines payment workflows and reduces costs. Customer Retention: Prevent service interruptions and improve customer loyalty by ensuring seamless, uninterrupted transactions. Strategic Flexibility: Merchants control the timing and use of card updates, aligning payment operations with business needs. "Our mission is to provide merchants with the flexibility and intelligence they need to optimize every transaction," said Peter Dougherty, President at Spreedly. "We wanted to create an innovation that drives results for our customers – a card update in-line with the transaction itself does exactly that." Spreedly and Visa Deepen a Strategic Collaboration This release marks a continued deepening of Spreedly's strategic collaboration with Visa to accelerate innovation across the payments ecosystem. In addition to integrating with VAU to enable Just-In-Time Card Updates, Spreedly is integrating Visa Acceptance across key gateways—including CyberSource and provide merchants with greater reach and reliability. About Spreedly Founded in 2007, Spreedly's ( open payments platform enables access to the global consumer, processing more than $50 billion in gross merchandise value (GMV) annually in over 100 countries. The company's customers include BMW, Clear, HBOMax, Hopper, Lemonade, The New York Times, Priceline, SeatGeek, TravelPerk, and others. Built to overcome the challenges of commerce in a cashless world, we empower our merchants through an open, secure, and inclusive payment ecosystem. Spreedly unlocks choice among PSPs, fraud tools, and other innovative payment services.
Yahoo
24-06-2025
- Business
- Yahoo
Spreedly Announces Just-In-Time Card Updates for Visa Cards to Reduce Failed Payments
Speedly's integration helps merchants deal with outdated customer card details, a key driver of failed payments, particularly in recurring billing or subscription models DURHAM, N.C., June 24, 2025 /CNW/ -- Spreedly ( a leading global open payments platform, today announced a strategic enhancement to its platform through the integration of Just-In-Time Card Updates for Visa Cards powered by Visa Account Updater (VAU). Outdated card details are a key driver of failed payments, particularly in recurring billing or subscription models. Spreedly's Just-In-Time Card Updates integration addresses this challenge by providing merchants with up-to-date card credentials precisely when they're needed. Unlike traditional card update strategies, which operate on a scheduled batch basis, Just-In-Time Card Updates enable real-time access to refreshed card credentials at the point of transaction to give merchants greater control and responsiveness. Built on the Advanced Vault capabilities of the Open Payments Platform, Spreedly leverages Visa's powerful network to give merchants control to fetch card updates at the right place and right time. This ability to leverage tools on demand allows businesses to better manage their operational costs and prevent disruption to the customer experience for card-on-file and subscription payments. Key Business Benefits: Improved Authorization Rates: Reduce declines caused by outdated card credentials and recover revenue from failed transactions. Operational Efficiency: On-demand updates eliminate the need for constant background refreshes; this streamlines payment workflows and reduces costs. Customer Retention: Prevent service interruptions and improve customer loyalty by ensuring seamless, uninterrupted transactions. Strategic Flexibility: Merchants control the timing and use of card updates, aligning payment operations with business needs. "Our mission is to provide merchants with the flexibility and intelligence they need to optimize every transaction," said Peter Dougherty, President at Spreedly. "We wanted to create an innovation that drives results for our customers – a card update in-line with the transaction itself does exactly that." Spreedly and Visa Deepen a Strategic Collaboration This release marks a continued deepening of Spreedly's strategic collaboration with Visa to accelerate innovation across the payments ecosystem. In addition to integrating with VAU to enable Just-In-Time Card Updates, Spreedly is integrating Visa Acceptance across key gateways—including CyberSource and provide merchants with greater reach and reliability. About SpreedlyFounded in 2007, Spreedly's ( open payments platform enables access to the global consumer, processing more than $50 billion in gross merchandise value (GMV) annually in over 100 countries. The company's customers include BMW, Clear, HBOMax, Hopper, Lemonade, The New York Times, Priceline, SeatGeek, TravelPerk, and others. Built to overcome the challenges of commerce in a cashless world, we empower our merchants through an open, secure, and inclusive payment ecosystem. Spreedly unlocks choice among PSPs, fraud tools, and other innovative payment services. Media contact:Olya Ordaolga@ View original content: SOURCE Spreedly View original content:
Yahoo
16-04-2025
- Business
- Yahoo
Spreedly, FlexFactor to help merchants recover sales lost to false declines
Spreedly, an open payments platform, and FlexFactor, a payment recovery platform, have forged a partnership to assist merchants recover lost sales caused by false declines. The collaboration seeks to address this issue by enabling merchants to convert declined transactions into successful ones, potentially enhancing shopping cart conversions and supporting business growth. It leverages open payments feature, Spreedly Connect, allowing merchants to access multiple gateways and choose the "best performing" one in real time. When transactions are declined, FlexFactor's engine evaluates the transaction and may purchase the invoice, enabling the merchants to finalise the sale. Merchants can recover up to 30% of declined transactions and may see a 10-20% boost in conversion rates through purchase recovery, Spreedly claims. FlexFactor, which offers its services on a contingency basis, will charge only a 'small' percentage of the revenue recovered from declined transactions. With no additional software-as-a-service (SaaS) or setup fees, the solution offers a low-risk for eCommerce and subscription sectors merchants. FlexFactor CCO and co-founder Ze'ev Shoval stated: 'Our goal is to combat false declines at scale without adding complexity, ensuring seamless purchases. Partnering with Spreedly enhances our solution, allowing merchants to recover revenue from declined transactions, boost conversions, and improve the customer experience. This partnership is a win-win for everyone." Spreedly Partnership VP Rose Francois said: "Partnering with FlexFactor allows us to offer merchants a comprehensive solution to tackle payment declines. By integrating their real-time payment recovery service with Spreedly Optimize, we enable merchants to recover lost revenue and transform declines into opportunities for growth." Earlier in the month, Spreedly partnered with EBANX, a payments provider, to extend alternative payment methods to international companies in Latin America. "Spreedly, FlexFactor to help merchants recover sales lost to false declines " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
