VAU: Visa Account Updater for Online Payments

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“Banks may automatically update credit or debit card numbers when a new card is issued. This update allows you to continue charging your card, even if it has expired,” Netflix says in its help center.


You can thank Visa for that. In 2003, Visa USA began offering merchants a new portugal rcs data software product called Visa Account Updater (VAU), according to a 2003 American Banker article. The service works with a network of banks to create a virtual tracking service for Americans’ financial profiles. Every time someone renews, cancels, or opens a credit card, the banks automatically update the VAU. This system allows recurring online payments to continue charging any card you have on file. It’s a seamless transition, allowing recurring online payments to continue moving money across multinational companies without you having to lift a finger.

Success of VAU service for recurring online payments
VAU was an immediate success, quickly adopted by banks and businesses around the world. Visa says its service follows you when you switch between major credit card providers, whether it’s Discover, MasterCard or American Express. Some of the customers of Visa’s tracking service include Netflix, Amazon, Facebook, Google and Disney, according to a 256-page list of those adopting the software by 2022. VAU allows merchants to connect customers to their subscription services, but Visa also claims it helps customers.