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That's done with a credit card updating service - not by just ignoring the CVV/expiration. If the same number were reassigned to someone else, the subscription

• avianlyric 6y ago
  That isn’t true. Most banks don’t support the updating services that exist. These subscriptions are supported by look at if the payment appeared as a “card-on-file” payment, and many banks will just keep accepting charges to expired cards. If you’re lucky they’ll be using the PAN + expiry date to uniquely identify the card the payment belongs too. The CVV isn’t stored by the merchant or their processor, and is only used for the initial checkout flow.
  • GoblinSlayer 6y ago
    Well, if bank ignores everything and just throws your money out, ask the regulator to revoke the bank's license.
    • avianlyric 6y ago
      In most countries as a customer you’re not liable for fraud that occurs as a result of your banks failures. In the EU this sort of behaviour is now heavily frowned upon, and with the slow roll out of Strong Customer Authentication will become unacceptable. With banks needing to prove that they’re compliant. As for the rest of the world, regulators don’t always act with the interest of customer in mind. The US has a few notable examples of regulators protecting companies rather than consumers.