January 9, 2014

ALERT! Chase to Re-Issue 16 Million Credit and Debit Cards in 2014

By Minal Bopaiah Chase is about to throw a major wrench in your retention program. According to payment processing expert Paul Larsen, Chase has entered into a strategic partnership with Visa and will be changing all of its customers over from MasterCard to Visa. That means that 16 million current MasterCard users will receive new cards with new account numbers from Chase over the next year. That averages to more than one million cards re-issued each month! And while…

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ALERT! Chase to Re-Issue 16 Million Credit and Debit Cards in 2014

Chase is about to throw a major wrench in your retention program. According to payment processing expert Paul Larsen, Chase has entered into a strategic partnership with Visa and will be changing all of its customers over from MasterCard to Visa. That means that 16 million current MasterCard users will receive new cards with new account numbers from Chase over the next year. That averages to more than one million cards re-issued each month! And while Chase is looking to make the…

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Managing Chase’s Re-Issuance of 16 Million Debit and Credit Cards in 2014

Chase has decided to change 16 million MasterCard debit and credit cards to Visa, which in turn requires new credit numbers for each card. That means subscription sites are likely to see an increase in card declines at renewal. Payment processing expert Paul Larsen tells you the best way to deal with this change, which can potentially have a serious impact your retention rates and revenues. Plus, discover three alternate ways small- and medium-sized subscription sites can handle this transition.

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