Stripe, our credit card processor, has agreements with all the major card-issuing banks to auto-update information or method of payment tokens when a customer gets a new card - whether it's due to a lost, stolen or expired card.
The updates are made via card tokens so no one at Stripe or at Buddy Punch has your full account details.
To learn more about this from our credit card processor, please review the following article: https://stripe.com/docs/saving-cards#automatic-card-updates