Earlier quoted context omitted.
It's probably a service mandated by regulation, not out of the goodness of VISA.
I doubt it. They state "Because your issuing bank may change your card number, your opt out will be honored for five years. After five years, you will need to resubmit your card number." This strikes me as the kind of bullshit that would not be permitted if the opt-out was legally mandated. I suspect this opt-out may instead be an attempt to avoid regulation, by trying to appear to be doing the right thing even witho…
Credit score companies (5 years): https://www.optoutprescreen.com/
Spam mail (10 years): https://www.dmachoice.org/