Re: Credit card payments from expired card

In message <1136373646.596278.130560@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>, Adam <spam@xxxxxxxxxxxxxx> writes 
I was recently astonished to find a payment on my credit card statement
that had been authorised using invalid security details.

What happened was this. I used to have an internet account with
PlusNet, which I recently cancelled. PlusNet tried to charge my credit
card after I cancelled my account. This didn't surprise me, as that's
just the kind of unscrupulous people that they are. But what did
surprise me was that the credit card company (Egg) processed the
payment, as my card had recently expired and the details that PlusNet
had were therefore out of date.

I contacted Egg about this and they told me that once a continuous
credit card payment is set up, then it is valid for all time even if
the card details expire, and if the merchant asks them for payment then
they have to oblige.

Surely this can't be right? Doesn't this just make life easy for online
fraudsters if credit card companies can process payments based on out
of date expiry dates?

The card's validity is distinct from the credit account validity.

It is the card that expires, not the account with the credit card company.

Its like a bank account. The debit card has an expiry date but the account hasnt.

--
John Boyle
.

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