Poll: Continuous Payment Authorities CPAs

TheChasman

Credit card companies should be legally obliged to tell you your CPAs at least annually and always when you cancel your card.

nomoneytoday

Do they (cc company) know all of the payments that you have setup?

opinions4u

While I agree with the sentiment I'm not sure it's possible.

Perhaps CPAs should have a specific marker on them that identifies them.

TheChasman

nomoneytoday wrote: »

Do they (cc company) know all of the payments that you have setup?

They must do, otherwise they wouldn't know who had authority and who didn't.

meer53

Credit card issuers don't know how many CPA's you may have. The authority is held by the company who debits you. Most CC issuers do mention cancelling CPA's when cards are cancelled but they won't be able to tell you how many you have or who they are to.

TheChasman

opinions4u wrote: »

While I agree with the sentiment I'm not sure it's possible.

Perhaps CPAs should have a specific marker on them that identifies them.

I'm inclined to think it's technically easy but there's no incentive for the CC provider to do it. Arguably there's a vested interest in NOT providing it. I was lost over £90 when a Zombie Credit Card reactivated and the beneficiary of the payment and the CC provider both made money out of it.

TheChasman

meer53 wrote: »

Credit card issuers don't know how many CPA's you may have. The authority is held by the company who debits you. Most CC issuers do mention cancelling CPA's when cards are cancelled.

If you want a list of all your CPAs, how do you get it?

opinions4u

TheChasman wrote: »

If you want a list of all your CPAs, how do you get it?

The card company doesn't know it's a CPA.

The merchant is who you give the authority to. It's presented as a simple credit card purchase.

Even if they were able to identify CPAs, they would know about any new ones that you'd authorised.

So you take ownership of your own affairs and keep your own list.

EDIT: See post #11 which may give more information.

meer53

TheChasman wrote: »

If you want a list of all your CPAs, how do you get it?

You can't get a list, there is no record held by anyone. They are agreements between you and the retailer/suppliers. The CC issuer just processes them like any other CC payment when the retailer requests the money from your account. The retailer is the one who sets them up to be debited monthly, not the CC issuer.

You just need to make a note for yourself when you set them up.

meer53

TheChasman wrote: »

I'm inclined to think it's technically easy but there's no incentive for the CC provider to do it. Arguably there's a vested interest in NOT providing it. I was lost over £90 when a Zombie Credit Card reactivated and the beneficiary of the payment and the CC provider both made money out of it.

So if you forgot about a CPA and then it was claimed by the beneficiary, why are you blaming the CC issuer ? How did the CC issuer make money out of it ?

System

no -its your responsibility to run your own affairs,if you set up payments then its up to you to cancel them