Effective immediately, MasterCard and VISA have introduced Automatic Biller Updater. Your MasterCard Debit Card is automatically enrolled by MasterCard to update participating merchants that you have authorized recurring payments to be deducted from your card.
What does this mean to me and my LEB Debit Card?
When your LEB Debit Card expires, MasterCard will automatically update the new expiration date on your debit card with the participating merchant. Also, if your card is closed as a result of fraud or potential fraud risk and the checking account number attached to the card remains open, MasterCard will automatically update the merchant with your new card information.
At this time, you are not able to opt out of this added service. If you have a recurring payment set up on your debit card and you wish to stop this auto-payment, you must contact the merchant directly and revoke your authorization. For more information, click here.