The Account Updater (also known as the Real Time Updater Service, Visa Account Updater (VAU) or MasterCard Automatic Billing (ABU) Updater) allows the Merchant to request cardholder data from participating Acquirers, Merchant and Card Issuers. This information allows for a seamless recurring or automated card billing process to take place.
The merchant would request updated card details as required in order to ensure that cards that are about to expire are updated, as well as replaced cards are updated too. The service is designed to help merchants increase authorisation approval rates and improve revenue retention.
The service also means that you are not required to make outbound calls in order to request cardholder data, producing an uninterrupted customer payment experience and reduced risk of service cancellation.