For anyone who subscribes to online services for a
long time and pays with a credit card, they run into a small issue: when credit
cards expire, you receive a new one, and sometimes the account number changes,
and the expiration date always changes, as does the security code. For any
online service paid for by that credit card, the subscriber must go in and
change the account information. Much of the time an online service will inform
a subscriber BEFOREHAND if new credit card information is needed due to
expiration of the card of record, but not always. Since some subscriptions are
paid monthly, others quarterly and others annually, there can be opportunity for
an important change to be missed, and an online service can "expire" by
surprise.
It seems to me that there's still an opportunity
for credit card providers to streamline this process for the subscriber and the
vendor. But I can't claim to be savvy to all the credit card privacy and security
requirements, so I'm not sure what is possible. Any suggestions of discussions or
remedies of this situation?
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