<New set of product options, separately licensed>
The Visa Account Updater (VAU) and Mastercard Automatic Billing Updater (MABU) services help merchants to process account-on-file transactions and recurring payments on renewed or replaced cards without interruption, and to get earlier notifications concerning the card closures. Now our system supports this feature for both issuers and acquirers.
After issuing, reissuing or closing a card, WAY4 generates VAU/MABU files. They are sent to the IPS network for the benefit of other scheme members.
