News for hackers. Stuff that matters.

A comment on Japan facing credit card number shortage. Parent comment

Re:Japan facing credit card number shortage by owenversteeg on Tuesday August 25, 2020 @09:58PM (#24278292)
Ah, here's the real explanation! Interesting.

I wonder how big the incentive is, and if anything changed to enable this. As for the incentive, I'd guess they get transaction fees cut from some ~2.75% to 0.5%ish with their own card, and then some kind of additional cash (maybe $50-$300?) from the issuing bank for gaining a customer?

[ Parent | on HN ]
Re:Japan facing credit card number shortage by spiznnx on Tuesday August 25, 2020 @10:56PM (#24278623)
I don't know why it's exploding, but it also appears poised to explode here in the US too. I recently got a recruiter in my inbox for a startup "Guild Credit" that makes loyalty CC cards easy to issue for small businesses. Not sure what has changed recently.
[ Parent | on HN ]