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Premier Bank
A woman handing her card to a store clerk

MasterCard ABU Notice

 MasterCard® Automatic Billing Updater 

   A new convenient service for MasterCard® cardholders.

MasterCard® has recently introduced the Automatic Billing Updater (ABU) service as a convenience for MasterCard® cardholders. While this is a convenient service, MasterCard® requires we participate and we’ll begin submitting card updates to them as applicable when your debit card information changes.

How ABU works
The purpose of the updater service is to maintain continuity in the cardholder to merchant payment relationship after typical account information changes occur. ABU extends the amount of time your account-on-file information is stored with your selected merchants by automatically updating your debit card information due to account changes, like the expiration date.
For example, let’s say you’ve enrolled in recurring monthly payments to pay your electric bill with your debit card. As you know, we periodically replace your card, and your new card has a fresh expiration date. Instead of contacting the electric company to update your card information, your card information will automatically be updated, if your electric company is a participating merchant.
If your “Card Number” changes for any reason such as replaced due to lost, stolen or breach etc; the ABU will not follow the new card. You will need to contact or re-setup recurring monthly payments with that merchant.

Sending debit card information
We’ll begin sending your updated card information, as applicable, to MasterCard® beginning late October 2017. MasterCard® will securely store your debit card information and release the new information to financial institutions and participating merchants in order to process your requested transactions without interruption.

Opting out
If you’d prefer not to have your card information updated automatically, you can opt out. To opt out or if you have any questions, please contact us at your earliest convenience at 563-588-1000.