Notice of Right to Opt-Out of Mastercard® Automatic Billing Updater Service
Mastercard requires all financial institutions that offer credit and/or debit cards, to participate in the Mastercard Automatic Billing Updater Service (ABU). ABU will provide updates to participating merchants who maintain your card information on file, to process your pre-authorized payments. Examples of recurring payments would be those automatic monthly payments made to utility companies, cable or phone companies, gym memberships, etc., or for various subscriptions. This service will allow participating merchants to receive your updated card information when you receive a new card for any reason - such as expired, lost, or stolen cards.
All FinancialEdge Credit Union card holders have the ability to Opt-Out of ABU should you wish not to participate. You may opt-out at any time.
Currently, when your cards expire, or are lost or stolen, and new cards are issued, the information that the merchant has on file will no longer match the information on your new card. This could lead to a disruption of your recurring payment service and an interruption in the products or services you receive. The ABU Service will allow participating merchants to automatically receive your updated card information and will ensure automated payments are continued without interruption.
Please be advised that merchants are not mandated to participate in the ABU Service. Only participating merchants will receive the updated information and can choose the frequency at which they check for updated payment information. To avoid service disruption, you should still check with your merchant to ensure your card information has been updated.
If you would like to OPT OUT of the MasterCard Automatic Billing Updater Service, please complete the form below and submit. (or print this page and return it to the branch most convenient to you.) Please make sure to list each card number that you would like to exclude from this service. No action is necessary if you wish to participate in the ABU Service.
If you have any questions, please contact us at 989-892-6088 or stop in and see a Member Service Representative at the location most convenient for you.Go to main navigation