CU*Answers provides an infrastructure update for VAU (Visa Account Updater) & Mastercard’s ABU (Automatic Biller Updater)
Credit Unions may have heard from their EFT provider about a new mandate referred to as the Visa Account Updater (VAU) and Mastercard’s Automatic Billing Updater (ABU). This mandate allows merchants to automatically update their customers’ stored card details. In other words, when a new card is created to replace an old one, that information…