By offering the convenience of Recurring Payments to cardholders, issuers can benefit from increased loyalty and retention. An industry study showed 67% of cardholders are more likely to cancel a card that is not linked to a recurring payment.^*
* Cards and Payments, December 2005.

The Recurring Payments program strengthens issuer preference and card usage by providing cardholder convenience, driving the card to top of wallet and increasing the volume of more profitable credit transactions.

Recurring Payments allows issuers to capture revenue from purchases traditionally made through check or cash installments, such as orthodontics or tuition. This increases revenue for the issuer, while providing cardholders with increased convenience, better reporting, more protection and the ability to earn rewards for their purchases (when applicable).

Recurring Payments is a valuable loyalty tool which increases retention by offering customers an easy way to reduce the time and hassle associated with paying monthly bills. Customer relationships last longer with a recurring payments program. With Recurring Payments, businesses can capitalize on these trends and develop long-term, mutually-beneficial relationships with their customers.

With Recurring Payments, customers pay their recurring expenses automatically using their Discover Network Cards. Cardholders benefit from no checks or late payments, which also saves them valuable time each month. By reducing the number of checks, late payments and accounts in collections, Recurring Payments helps businesses operate more efficiently–saving both time and money.

Customers who automatically pay bills with their cards make fewer customer service calls than those who pay by check, helping reduce operational costs. Furthermore, Recurring Payments can help merchants increase profitability by reducing charge-offs and exception-processing expenses.

Recurring Payments can increase the ability for customers to purchase higher-ticket items through installment agreements, which replace outdated layaway programs.

Cardholders’ account information can change for a variety of reasons: expiration date changes, card renumbering, cards are lost or stolen. Discover Network Account Updater automatically updates your recurring payment customers’ Discover Network Card Account information. That means you will continue receiving their recurring payments, uninterrupted, even if their Discover Network Card information changes. There is no need to contact customers for their new account information and you experience no cash-flow disruptions. Learn more about Discover Network Account Updater or Log in to register.