Update a Microsoft account payment method Update a Microsoft account payment method If your name, billing address, expiration date, or CVV number has changed for your payment method, you can update it.
The FedNow Service will help enable financial institutions to deliver end-to-end faster payment services to their customers.

Such details provide a deeper understanding and appreciation for Payment Live Update Service.
Find solutions and support for Live Payments services at the Help Centre.

However, you can update your payment info and buy a new subscription when your prepaid subscription expires. See Change the payment method or credit card linked to your Microsoft account. Change subscription plans You can switch subscription plans for Xbox Live, Game Pass, and Microsoft 365.

Furthermore, visual representations like the one above help us fully grasp the concept of Payment Live Update Service.
Below are lists of participating financial institutions that are live on the service; financial institutions serving as settlement agents and liquidity providers; and certified service providers that have completed testing certification to support payment processing for participants. Lists are updated regularly.
Metallicus announced today it is now supporting live transactions on Federal Reserve Financial Services instant payment rail, the FedNow Service. Metallicus joins a lineup of service providers facilitating transaction activity for financial institutions on the service.