CSP EMV coming next week

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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benhollberg
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Postby benhollberg » Fri Nov 01, 2013 11:31 am

Just called, disappointed. They are not offering the EMV Chip on the MasterCard version of the Chase Sapphire Preferred and do not plan to offer it at all. Another thing I learned, she said that anyone who has a MasterCard version of the CSP will be automatically changed to Visa sometime in the future. Apparently the automatic changes started this month (November) and could take up to two years.
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Z06Biker
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Postby Z06Biker » Fri Nov 01, 2013 3:02 pm

benhollberg wrote:Just called, disappointed. They are not offering the EMV Chip on the MasterCard version of the Chase Sapphire Preferred and do not plan to offer it at all. Another thing I learned, she said that anyone who has a MasterCard version of the CSP will be automatically changed to Visa sometime in the future. Apparently the automatic changes started this month (November) and could take up to two years.


Bummer, sorry to hear that. Well, if you can't beat em...

Why not just preemptively switch to the Visa now and have them expedite one to you with the EMV? I just called and ordered my EMV for myself and my spouse (AU). Should be here in 2 days!
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CC Deville
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Postby CC Deville » Fri Nov 01, 2013 4:25 pm

Poor MasterCard...lots of banks seem to be abandoning them for some reason (Chase, Citibank...). It looks like Barclay's is the most common MasterCard issuer these days.

I have a worthless Slate MasterCard that was a real Chase Platinum before the merger with Bank One. I'd hate to lose my MasterCard and account number to upgrade to CSP.

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djrez4
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Postby djrez4 » Fri Nov 01, 2013 7:34 pm

Old vs. New:

Image

Slight change in logo size and position. Otherwise, not much difference. Aesthetically, I'll give the slight edge to the old one. But in this case, form may follow function.
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Postby takeshi » Sat Nov 02, 2013 8:34 am

takeshi wrote:Available now. Chip & sig though.

Had no problems requesting mine at the time I posted that but they sent a me a new CSP WMC with no EMV. I'm checking with Chase on this myself as there seem to be differing postings on EMV CSP WMC's. I've seen that WMC's will not be converted and that WMC's will be converted after a certain date. Granted, no telling what the validity of the answer is that I'll get...

EDIT: FWIW, CSR says WMC's will be available with EMV after 11/8.

benhollberg
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Postby benhollberg » Sat Nov 02, 2013 12:23 pm

djrez4 wrote:Slight change in logo size and position. Otherwise, not much difference. Aesthetically, I'll give the slight edge to the old one. But in this case, form may follow function.


Not sure what it is with Chase but their EMV are not as good looking as the one American Express has issued. I assume they have the same functionality but the AMEX chips are much smaller. A smaller chip is the CSP would look a lot better in my opinion.

Z06Biker wrote:Why not just preemptively switch to the Visa now and have them expedite one to you with the EMV?


It's not too big of a deal for me as I already have a Visa Signature with EMV and no FTF. I'd like to keep the CSP MC as long as I can since it is my only MasterCard.
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Postby Reclusive46 » Sun Nov 03, 2013 4:54 pm

CC Deville wrote:Poor MasterCard...lots of banks seem to be abandoning them for some reason (Chase, Citibank...). It looks like Barclay's is the most common MasterCard issuer these days.

I have a worthless Slate MasterCard that was a real Chase Platinum before the merger with Bank One. I'd hate to lose my MasterCard and account number to upgrade to CSP.


I almost wonder how MasterCard makes any money with loads of issuers switching. My wife just had her US Citi card changed and I just had two of my UK cards (Bank Of America/MBNA UK and Lloyd's Bank) changed from MasterCard to American Express.
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Postby whit » Sun Nov 03, 2013 10:16 pm

i know visa's been making big gains with some of the staff that's joined this year/past year.

I would not be so worried about mastercard just yet-- http://www.bloomberg.com/news/2013-11-01/mastercard-momentum-over-visa-seen-building-as-europe-rebounds.html

if euro versus dollar is anything to go by.

now, if people all of a sudden started switching over to discover, as a processor, I would be worried if I was at mc.

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Postby Reclusive46 » Mon Nov 04, 2013 4:51 pm

whit wrote:i know visa's been making big gains with some of the staff that's joined this year/past year.

I would not be so worried about mastercard just yet-- http://www.bloomberg.com/news/2013-11-01/mastercard-momentum-over-visa-seen-building-as-europe-rebounds.html

if euro versus dollar is anything to go by.

now, if people all of a sudden started switching over to discover, as a processor, I would be worried if I was at mc.


I think the problem with MasterCard is they are trying to market themselves as a bit more of a premium card but problem is American Express (especially in countries like the US, UK and Australia as acceptance is close to Visa/MC) already has a good chunk of the mid-range market and upper range market. Visa has the general consumer market and some of the higher range market in the US. MasterCard doesn't really fit anyway.

American Express in the UK has been taking quite a big share off MasterCard, with now 3 card issuers switching/switched to American Express for its credits cards and one bank trailing an American Express debit card (From Visa and Debit MasterCard).

It is very much market dependent though, MasterCard is doing really well in some countries (Mainly Spanish speaking). In Spain practically every debit and credit card (the small amount that exist) are MasterCard. It also has the Maestro debit card network throughout Europe.

It'll be interesting to see how every network is in 10 years time. I think American Express acceptance is going to grow quite rapidly with all the recent partnership with banks to acquire its network. The Discover/Diners network is another one to watch. I'm not sure how much growth Visa/MC is going to see outside of Africa though. Some markets like the UK, Sweden and Canada are already deemed "Nearly Cashless", so I can't see profits souring in these places for them.
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Reclusive46
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Postby Reclusive46 » Mon Nov 04, 2013 4:52 pm

benhollberg wrote:Not sure what it is with Chase but their EMV are not as good looking as the one American Express has issued. I assume they have the same functionality but the AMEX chips are much smaller. A smaller chip is the CSP would look a lot better in my opinion.



It's not too big of a deal for me as I already have a Visa Signature with EMV and no FTF. I'd like to keep the CSP MC as long as I can since it is my only MasterCard.


The chip size depends on whether the card is contactless and the manufacturer. Generally for non-contactless cards I think Gemalto makes smaller chips and Oberthur has bigger ones. If you look in the top right hand corner (back) you'll probably see the Amex is Gemalto.
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