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Canceling Your Credit Card May Not Stop Netflix's Recurring Charges
Monday April 29, 2024. 10:49 PM , from Slashdot
'Banks may automatically update credit or debit card numbers when a new card is issued. This update allows your card to continue to be charged, even if it's expired,' Netflix says in its help center. Most major card providers offer a feature that enables this, including Visa. In 2003, Visa U.S.A. started offering a new software product to merchants called Visa Account Updater (VAU), according to a 2003 American Banker article. The service works with a network of banks to create a virtual tracking service of Americans' financial profiles. Whenever someone renews, or switches a credit card within their bank, the institution automatically update the VAU. This system lets Netflix and countless other corporations charge whatever card you have on file. Read more of this story at Slashdot.
https://slashdot.org/story/24/04/29/1951229/canceling-your-credit-card-may-not-stop-netflixs-recurri...
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