When I sign a regular monthly payment debited to my credit card company I have to give the "valid until" date and the CVV number. I thought that this had some kind of legal status. If the card expires, those details will change and I will be sent another card. Why should the payee company be able to keep receiving funds from my account when all of the details have changed?
I contacted my credit card company, but they just said that they keep paying unless they are informed that they shouldn't. What is the point of having to give a validity date on the monthly payment debit? It seems that I am entering into an open agreement, when I feel that I should be entering that agreement until that valid until date upon which I can choose to renew. Is there some kind of legal ruling on this matter?
Depending on the dollar amount of the transactions, the merchant may have used the expiration and other data simply to verify the authenticity of the card, and may not have needed that information to submit individual entries. You can write the merchant (save a copy) and direct that no further charges be entered. If a charge comes through after the merchant received that notice, contact your credit card company to dispute the charge, and provide a copy of the letter you wrote to cancel the authorization. If you continue to have problems, ask your credit card company to close your account and reissue another.
You need to carefully understand the terms of any authorization the credit card company provides. That sometimes means having to ask questions of the person accepting the card.
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Depending on the dollar amount of the transactions, the merchant may have used the expiration and other data simply to verify the authenticity of the card, and may not have needed that information to submit individual entries. You can write the merchant (save a copy) and direct that no further charges be entered. If a charge comes through after the merchant received that notice, contact your credit card company to dispute the charge, and provide a copy of the letter you wrote to cancel the authorization. If you continue to have problems, ask your credit card company to close your account and reissue another.