MSB to participate in MasterCard Automatic Billing Updater.
If you use your Millbury Savings Bank debit card for recurring payments, or store your card information with merchants for future transactions, the last thing you want is a payment to be missed or delayed because your card expired or your card number changed.
Beginning in October 2017, Millbury Savings will be participating in MasterCard’s new Automatic Billing Updater (ABU), which provides you with a convenient, hassle-free updating service for your debit card. With ABU, when your card information changes for any reason— for example, your debit card is replaced due to a lost or stolen card, or your card’s expiration date is updated—ABU lets participating merchants* receive your updated card information automatically with no interruption in service.
Only those participating merchants with whom you have either set up recurring payments or allowed your card information to kept on file for future payments will have access to this service, which can include everything from phone companies, cable services, utilities, and insurance companies, to music and magazine subscriptions, gym memberships, and recurring charitable donations, just to name a few. It can also include online shopping sites that you have granted permission to keep your card information stored for future purchases.
We understand that in some cases, you may wish to exclude your debit card from this program. (For example, you may want to exclude your card if it was replaced to help cancel a recurring billing or membership with a merchant or if it had recurring fraudulent payments.) Therefore, we are providing you with the ability to opt out of ABU at any time, if you choose. To opt out, please print and complete our MasterCard Automatic Billing Updater Opt-Out Form, and mail it back to us or drop it off at either of our offices.
Remember, if you opt out of this service, you will be responsible for providing your new card information to merchants with whom you’ve set up recurring payments using your card. You also could incur additional fees from merchants if you do not provide your updated card information in a timely manner.
If you have any questions regarding ABU, please contact Customer Service.