When a card is lost or stolen, your internal policy may require that a
replacement card be issued, or this may be an optional request by
your customer. This section assumes that a replacement card will be
issued, either as a mandatory requirement of your institution or as
requested by your customer. If it is not a requirement, or if your
customer does not exercise his option to request for a replacement
card, then simply blocking the lost or stolen card number is sufficient
and this section will not apply since the transfer feature assumes a new
card account as a basic premise.