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Canceling Your Credit Card Won't Stop Netflix's Recurring Charges

Thanks to a hidden banking system that tracks your financial life, canceling your credit card won't stop streaming services from charging you.

“VAU delivers updated cardholder account information in a timely, efficient, and cost-effective manner, benefiting all parties involved in the electronic payment process.” Some customers of Visa’s tracking service include Netflix, Amazon, Facebook, Google, and Disney, according to a 256-page list of the software’s adopters from 2022. “Outdated account-on-file information can lead to declined transactions and cardholder inconvenience—and ultimately introduce the risks of service cancellation and customer dissatisfaction,” Visa said in marketing materials.

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