Re:Apple Confirms That Its Dev Center Has Been Breached By H...
by agosnell on Monday July 22, 2013 @02:17PM
(#6085464)
It's usually called something like "automatic account updater" by the credit card issuer. I think it's pretty common for merchant banks and merchant service providers to offer it these days. (We use it where I work.)
Here's an older Braintree blog post about it: https://www.braintreepayments.com/blog/automatic-update-of-c...
Yes. Anyplace that bills you regularly on the old number will automatically get the new number.
> You can't continue to use the old number for new transactions.
It depends on how you define new. A new biller, then correct. But if it's a biller that you have an existing relationship with, i.e. they bill you every month, then they do send them the new numbers (and/or allow them to use the old number).
I can't say if this is a global policy of all issuers, but I can say that I've experienced it. I've also seen it in the fine print when I signed up for repeated billing.