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Originally Posted by $5 submissions
Good point, Barefootsies. I think they are NOT going to kill recurring billing PER SE. But putting "barriers" to automated rebills--is that outside the realm of probability? ie., Rebills get advanced notice and they can cancel within a certain period of time after getting that Explicit rebill?
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Easiest way to kill recurring billing is to require cvv2 confirmation on every transaction for a MID, TID, BIN, MCC... against the rules to store cvv2 type information as a merchant, so anyone that tried that would be fined and terminated. As for the rest, under the current chargeback allowances, chopping the recurring billing would mean most people would lose their accounts due to the drop in transaction volume alone.
There's no other reason for MC/Visa to do it any other way, would just complicate things overly for compliance.