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Old September 17th 08, 10:05 PM posted to uk.legal.moderated
Adam Funk
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Posts: 78
Default Credit card accounts and continuous authorisations.

According to a recent article [1] in The Guardian, Nationwide's credit
card customers are all getting replacement cards with new account
numbers, and customers who pay subscriptions with their cards

...will have to tell each of these companies their new number. They
will also have to change details on any bank accounts used to pay
credit card bills each month - including those with Nationwide's own
FlexAccount.

Nationwide says there will be a 45-day overlap between the two
cards, so if a Comic Relief customer forgets to change payment
details for a subscription, the request for authorisation will
automatically divert to the new account number. But after this
period, the Comic Relief account will be closed and any request for
authorisation will be rejected.


However, I'm under the impression that card issuers normally tell
customers that closing an account does not block payees from using
continuous authorisations in the future, and that they (the issuers)
can still bill customers for such charges made to closed accounts.


Is that last bit of information out of date now? Or is there an
explanation for this discrepancy?


[1]
http://www.guardian.co.uk/money/2008...editcards.debt

 

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