Tower has implemented a feature called Mastercard Automatic Billing Updater (ABU) for all debit and credit cards. ABU can help reduce the chance of declined transactions, missed payments, late fees or disrupted services due to outdated card information. Here's how Mastercard ABU works:
- You authorize a merchant to use your Mastercard debit or credit card for recurring payments. Types of recurring payments may include phone, cable, gym memberships, magazine subscriptions, utilities, and more.
- Your card expires and you receive a new debit or credit card from Tower with an updated expiration date.
- Mastercard automatically shares your new card expiration information with merchants you use who participate in the program.
Please note that as the cardholder, you still bear the primary responsibility for updating your card information for any recurring payments. To avoid late payments and penalties, you must check with your merchant to ensure your card information (card number, expiration date, CVV code, etc.) has been updated and is accurate. Click here to learn more or to opt out of Mastercard ABU