Billing information is no longer recognized...

After the iOS7 update, my iPhone no longer recognizes my billing information, so i can no longer download apps, and every time i try to re-enter it, my account gets charged $1.08... has anything similar happened to anyone else?

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    Firstly, if this is the wrong category, I apologize.
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    Hi there Brittney93,
    You may find the information in the article below helpful.
    iTunes Store: Changing your payment information
    http://support.apple.com/kb/ht1918
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    Choose Store > View Account.
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    Go here:
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    Do not omit the additional information pararaph.

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