Interesting this systems already exists. For Mastercard it’s called MDES for Merchants, or to give it its full name Mastercard Digital Enablement Service for Me

Interesting this systems already exists. For Mastercard it’s called MDES for Merchants, or to give it its full name Mastercard Digital Enablement Service for Merchants. It’s an extension of the technology that powers Apple Pay and Google Pay, and basically allows merchants to get a virtual card issued to them. In the EU that would require 2FA to happen, along with describing to the customer what the billing schedule is (required for SCA but being implemented slowly). The end result is the merchant gets a non-expiring virtual card to bill the customer, and the customer get the ability to disable certain merchants by asking their bank to destroy the card linked to a specific merchant. Unfortunately all of this stuff is very new, and there are a bunch of issues that will prevent merchants from using the tech. But it is happening slowly.