V/MC Account Updaters

Visa Account Updater (VAU) and MasterCard Automatic Billing Updater are programs developed by the card associations that enable the exchange of updated account information electronically among participating issuers, acquirers, and merchants that process recurring billing for subscription sales, online memberships, web continuity programs, health club memberships, utility payments and account-on-file transactions such as preferred customer travel and entertainment programs. Participating issuers, acquirers, and merchants are able to obtain seamless updates of “card on file” account information.

Burlington Bank Card can help you implement Visa Account Updater (VAU) and MasterCard Automatic Billing Updater with either seamless automatic updates within the Virtual Merchant API, or via custom integration to your existing payment gateway or billing software.

Visa Account Updater (VAU)

Visa Account Updater (VAU)

In the Visa Account Updater program, issuers provide Visa with changes to account numbers and expiration dates resulting from product upgrades, acquisitions and mergers, account closures, and MasterCard-to-Visa portfolio conversions. Merchants submit inquiries via their acquirers regarding accounts with which they have ongoing relationships, and responses are returned from Visa through the acquirers and back to the merchants. Merchants are then able to update their customer databases with the correct account information prior to authorizing transactions. Potential declines are avoided, authorizations are limited to one pre transaction, and the merchant avoids increased customer service costs and potential interruptions in service resulting from the need to contact the cardholder to obtain updated account information.

Visa Account Updater simplifies and secures recurring billing and account-on-file transactions and ensures uninterrupted service for cardholders and uninterrupted payments for merchants. Authorization approvals are increased while decreasing declines and the customer service costs associated with contacting cardholders to obtain updated information due to an interruption of the payment relationship. Uninterrupted payment results in increased sales and revenue flows and higher customer retention rates.

MasterCard Automatic Billing Updater

MasterCard Automatic Billing Updater

In the MasterCard Automatic Billing Updater program participating issuers submit MasterCard account changes to the Automatic Billing Updater database. Registered merchants can submit account number queries to their acquirers, who then pass them onto the Automatic Billing Updater database. Account queries are matched to issuer submissions and the matches are returned to the acquirers, who in turn forward the matches to the specific merchants. Merchants can then update their billing files with the changed account information. Merchants avoid declines, decrease processing costs, increase customer satisfaction, and reduce customer turnover. MasterCard Automatic Billing Updater supports account changes for portfolio sales, portfolio flips, expiration date changes, card upgrades, re-issued cards, and lost or stolen cards.

MasterCard Automatic Billing Updater simplifies and secures recurring billing and account-on-file transactions and ensures uninterrupted service for cardholders and uninterrupted payments for merchants. Authorization approvals are increased while decreasing declines and the customer service costs associated with contacting cardholders to obtain updated information due to an interruption of the payment relationship. Uninterrupted payment results in increased sales and revenue flows and higher customer retention rates.

Virtual Merchant with V/MC Account Updaters

Virtual Merchant with V/MC Account Updaters

  • Automatic Card-On-File Updates
  • Recurring Billing Profiles
  • Tokenization
  • Easily handle recurring and installment payments with custom recurring billing profiles.
  • Seamless integration with the V/MC Account Updater Programs: VAU and MC Automatic Billing Updater. Your billing profiles are automatically updated with changes to account numbers and expiration dates resulting from product upgrades, acquisitions and mergers, account closures, and MasterCard-to-Visa portfolio conversions, eliminating declines and the need to contact the cardholder for updated information.
  • Store cardholder information in the Token Vault and reduce your risk and compliance headaches by letting Elavon protect your financial data and ensure you’re in compliance with the latest industry security standards and regulations.
  • Easily integrated, flexible API gateway with a one to one acquiring connection.
  • Virtual Terminal with single entry or batch import.