It allows you to make virtual cards that are single use.
So if a merchant keeps trying to charge you, it will automatically decline.
Until the powers that be gets its act together and stops allowing businesses to run all over us...this is the way.
It allows you to make virtual cards that are single use.
So if a merchant keeps trying to charge you, it will automatically decline.
Until the powers that be gets its act together and stops allowing businesses to run all over us...this is the way.
Honestly this seems like a pretty obvious core banking feature nowadays, I'm surprised it's not more widespread (even in the US - reliable cancellation features across all recurring card payments would surely make people more comfortable with subscriptions). Under the hood all banks (AFAIK) are handle recurring payments by issuing an authorization token at first purchase, and validating it on later transactions. Allowing customers to see the list of active tokens that were recently used and then revoke them explicitly seems like a no brainer.