Re:Mastercard Should Stop Selling Our Data
by nicoburns on Sunday October 15, 2023 @05:51PM
(#37893744)
Huh. I hadn't even heard of Discover.
[ Parent
| on HN ]
Re:Mastercard Should Stop Selling Our Data
by HenryBemis on Sunday October 15, 2023 @06:07PM
(#37893840)
Visa, Mastercard, American Express, Discover, JCB are the five that started PCI-DSS
[1]: https://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Sec... [2]: https://www.pcisecuritystandards.org/
Re:Mastercard Should Stop Selling Our Data
by willcipriano on Sunday October 15, 2023 @07:55PM
(#37894530)
You had yet to discover them.
It's the company that now owns Diners Club (and is better known under that name in many countries other than the US), who in turn invented credit cards way back :)
Re:Mastercard Should Stop Selling Our Data
by wayfinder on Monday October 16, 2023 @02:39AM
(#37896517)
They did not invent credit cards. Diners Club was a charge card. They did not invent that either. American Airlines had their own charge card a few decades before.
They did start the first payment card that wasn’t linked to a specific company (i.e. the American Airlines card).
The invention was having a card accepted across a wide range of merchants (all under different ownership).
Store accounts/cards have indeed been around significantly longer.
The distinction between a credit and a charge card is not that relevant in that context, in my view: For both, you spend an issuer’s money at unaffiliated merchants and pay the issuer back later.