I've always suspected so. Many times I have had a card expire and be replaced, and recurring payments under the old expiration dates continue to charged to the account. I have at least one such payment that I probably have not updated payment information in over 10 years, so that expiration date is long expired.
At one time I suspected in such cases that the bank automatically provided the payee with the new information.
Last year I had a payment issue with E-ZPass. The payments were suddenly being rejected. I came to find it this was due to out of date expiration information. The card number had remained the same, but the expiration on record was June 2012.
Yes, it took over 8 years for the bank (Chase/Visa) to start rejecting payments.
My toll tag is linked to an expired card and I've been curious how long this thing will keep going. I think I still have a couple years based on your experience
I guess it depends on your bank, and who the toll tag issuer is.
I wrote earlier about a long standing account I had never updated, and just realized it may just be cellular phone with Sprint. I don't believe have never updated that info since I started service with them in 2008 - for a long while I think their site was a PITA to use so I just never bothered.
At one time I suspected in such cases that the bank automatically provided the payee with the new information.
Last year I had a payment issue with E-ZPass. The payments were suddenly being rejected. I came to find it this was due to out of date expiration information. The card number had remained the same, but the expiration on record was June 2012.
Yes, it took over 8 years for the bank (Chase/Visa) to start rejecting payments.