WHAT IS ABU?
PECU recently began participating in the Mastercard Automatic Billing Updater (ABU) service. ABU helps facilitate uninterrupted processing of your recurring payments when your debit card or credit card expires, is lost, stolen, or compromised and a new card is issued. The service updates relevant card data such as card numbers and expiration dates to qualified merchants participating in ABU after you have requested they process a recurring payment.
ABU helps reduce card-not-present (CNP) transaction declines caused by changed account numbers and expiration dates. This results in a better cardholder experience. ABU facilitates the secure transmission of issuer reported account updates to card-on-file and recurring payments merchants. This increases CNP transaction approvals while reducing processing and customer service costs through operational efficiencies.
WHAT DOES THIS MEAN?
When you are issued a new debit or credit card, you will not have to update your card payment information with participating merchants. This ensures as little disruption as possible for your account-on-file transactions and automatic payments. Please check with your merchant to ensure your card information is being updated automatically to avoid rejected transactions and/or late fees.
WHAT DO I HAVE TO DO?
All PECU card members receive the ABU service. If you would like to be included in ABU for all of your debit and credit cards with PECU, no further action is required.
WHAT DOES ABU COST?
This service is free. Your PECU card(s) is/are automatically enrolled in ABU at no charge.
WHAT IF I DON’T WANT TO PARTICIPATE IN ABU?
Please contact Financial Services at 512-474-1955, option 3, or send a secure message online to member@pecutx.org to opt-out of ABU. You can also use this same contact information if you have questions about ABU.