debit card / credit card

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powerboatr
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Re: debit card / credit card

#31

Post by powerboatr »

a little update on the AUTO update of credit card numbers. I finally got some more details
We as consumers probably are not aware of this program because its with merchants and visa. But our rights are hmmmm sidesteeped or buried in some page of the user agreement
so we would really not ever know
and they preach security of information, but give it out
https://developer.visa.com/capabilities/vau


Secure Exchange of Account Updates

Visa Account Updater (VAU) enables a secure electronic exchange of account information updates between participating Visa card issuers and acquirers for credential-on-file merchants, which enables a more seamless payment process.

When participating issuers re-issue cards, they submit the new account number and expiration date to VAU. Participating merchants send inquiries on their credentials-on-file to VAU and are provided with updated card information, if available. This helps participating issuers retain cardholders by maintaining continuity of their payment relationships with participating merchants.
Proud to have served for over 22 Years in the U.S. Navy Certificated FAA A&P technician since 1996
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