Credit card vendors with a high reputation score have extraordinary powers.
During the credit card auth they are told whether the expiration, CVV, and ZIP code match and they can choose to accept the charge even if they do not match, although they do so at some additional risk of the charge being flagged/reversed. They can even charge expired and cancelled credit cards as well.
Expiration/CVV/ZIP checking are an additional security layer but they are there for the merchant, not for you. A credit card number is all a merchant actually needs to make a charge.
> Most consumers think their credit card expiration dates -- the month and year in which their cards are supposed to be renewed -- are a sacrosant security feature, without which a business can't process a payment.
> In fact, big players in the U.S. consumer-sales industry have developed informal agreements with credit-card issuers that allow charges to be made to consumers' credit cards without specifying the expiry month and year. This procedure works even after an individual's card has expired and been re-issued with a new expiration date.
During the credit card auth they are told whether the expiration, CVV, and ZIP code match and they can choose to accept the charge even if they do not match, although they do so at some additional risk of the charge being flagged/reversed. They can even charge expired and cancelled credit cards as well.
Expiration/CVV/ZIP checking are an additional security layer but they are there for the merchant, not for you. A credit card number is all a merchant actually needs to make a charge.
> Most consumers think their credit card expiration dates -- the month and year in which their cards are supposed to be renewed -- are a sacrosant security feature, without which a business can't process a payment.
> In fact, big players in the U.S. consumer-sales industry have developed informal agreements with credit-card issuers that allow charges to be made to consumers' credit cards without specifying the expiry month and year. This procedure works even after an individual's card has expired and been re-issued with a new expiration date.
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