Can someone familiar with credit card transaction advice on this matter?
I signed up for an online course in 2019, it was charge to my credit card on a yearly basis and i've the card details saved in the merchant's portal. This Sept is the 2nd year billing, i dont intend to renew and forgotten to cancel with the merchant - they had already billed to my card. I noticed my card had expired in Jun, so why can can the transaction still went through? I called the bank, they took few days to investigate and responded back saying this is possible cos the transaction is recurring so they cannot stop it. Is the bank correct ? cos i feel this is a security issue.