Re:Japan facing credit card number shortage
by lmm on Wednesday August 26, 2020 @12:14AM
(#24279041)
Sure, but if I have 8 different cards issued by SMBC then that's still 8 cards.
Re:Japan facing credit card number shortage
by rtpg on Wednesday August 26, 2020 @03:44AM
(#24280125)
Seconding this. I have multiple cards by SMCC, some basically given to me.
There's also a lot of "virtual credit card" offerings right now to pair with peer-to-peer payment apps. I imagine that those need to get cycled through frequently.
8 is not an exageration.
The way that the 16 digits are allocated is defined as per https://en.wikipedia.org/wiki/Payment_card_number#Structure
So of the 16 digits for the majority of cards:
Digit 1-6(8): Scheme and issuer identification Digits 7-15: Account identification Digit 16: Check digit (Luhn algorithm)
So most issuers have 10 digits to "play with" to identify the account.
So Japan is either running out of issuer identifiers, which sounds excessive, or they have been allocating them badly.