Following on from my earlier post about getting a card replaced due to possible fraud activity.
The endless emails from all the businesses who had that card filed for payment of monthly or annual things and now get payment refusals because they are using a cancelled card....
That is not a small thing, the credit card industry is fundamentally broken with their reliance on a single number to charge things. Use paypal if its an option on places. Means it will keep recurring from whatever card you have loaded on your paypal account. Tell places that directly charge your card how inconvinent it is. Things wont change till the merchants who are the actual customers of the credit card processing push for change.
It will never happen when its run by US based companies, but hopefully something forward looking and born online like alipay or wechat will become in use here and force banks to get their A into G about sorting out the mess that is online payments. Till then you will be continuing to enter 16 digit and 3 digit number into places and hoping that none of them ever lose it to someone.
The 3 digit number was their solution for card details being compromised. Doesnt work. Stupid idea. Good job payment card industry.