CSP EMV coming next week

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
34 posts
whit
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Postby whit » Mon Nov 04, 2013 5:29 pm

I don't think the way they're trying to market themselves would make any difference; especially since some of the cards that Chase carries, including the sapphire preferred is considered premium.

and chase is now pulling on all MasterCard, any that was will be converted and any that were offered as mc before is only visa


unless you mean that MasterCard wants to pull back and not have their names associated with other banks, while American Express is branching themselves out to labels like Walmart and Wells Fargo--then that would make sense; I haven't heard of MasterCard announcing that they plan to be exclusive and run their own cc label along with processor mc.

my citi is still MasterCard and I like it, it's been like that for the past few years because lately others are using Visa. Visa moved it's offices to foster city and has been more on my radar since

http://m.bizjournals.com/sanfrancisco/news/2013/05/23/visa-inc-hires-jp-morgan-chases-ryan.html?r=full

also having the former head of consumer banking at Chase doesn't hurt visa in terms of networking either, besides the baby face there is also a charismatic smart man


CC Deville
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Postby CC Deville » Mon Nov 04, 2013 5:51 pm

Reclusive46 wrote: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.


My first credit card was (is) a MasterCard so I have a kind of soft spot for them I guess. Plus, World Elite MasterCards are snazzy looking with the metallic MasterCard logo.

I remember in 1999 shortly after I became a Citibank Visa cardholder, they started getting rid of all their Visa's. I was worried that they would change my account to a MasterCard. Now in the past year they seem to be plucking the MasterCards from their portfolio. Back in the 70s and 80s most banks were dualties in that they offered the same card as either Visa or MasterCard, the choice was up to the customer what he or she wanted.

Who knows, I guess things are cyclical. I just don't understand why a bank doesn't just offer both like they used to.

amexguy321
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Postby amexguy321 » Mon Nov 04, 2013 10:05 pm

Ok so I just received mine and its plastic... I know its very superficial but I called Chase and they told me that you have to request it. Just did and it will come in one or two business days. Lets see

MemberSince99
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Postby MemberSince99 » Tue Nov 05, 2013 6:48 am

CC Deville wrote:My first credit card was (is) a MasterCard so I have a kind of soft spot for them I guess. Plus, World Elite MasterCards are snazzy looking with the metallic MasterCard logo.

I remember in 1999 shortly after I became a Citibank Visa cardholder, they started getting rid of all their Visa's. I was worried that they would change my account to a MasterCard. Now in the past year they seem to be plucking the MasterCards from their portfolio. Back in the 70s and 80s most banks were dualties in that they offered the same card as either Visa or MasterCard, the choice was up to the customer what he or she wanted.

Who knows, I guess things are cyclical. I just don't understand why a bank doesn't just offer both like they used to.


It might have to do with fee structures and profitability. Every business I've worked for seems to make decisions based on that UNLESS there is a connection with the higher ups (i.e. the CFO golfs with the guy). It's usually one of those two reasons why they go with a specific product or vendor. Or they go off name brand and reputation in a few other cases. They seldom do an actual cost/benefit analysis when they pretend to go through the motions of that, their minds are already made up who they are going with and they are just doing that to convince the crew to come along on the voyage if you know what I mean....



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