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> To do this, Google said it had obtained access to the credit and debit card records of 70 percent of U.S. consumers. After reading the initial article in May
by jgalt212 9y ago
> To do this, Google said it had obtained access to the credit and debit card records of 70 percent of U.S. consumers.
After reading the initial article in May, I called American Express and they swore up and own they don't sell my purchased data. I don't see how you get above 70% without data from American Express.
So who's lying?
- davidcbc 9y agoAmerican Express has a pretty small market share (7.5%) https://wallethub.com/edu/market-share-by-credit-card-network/25531/ https://wallethub.com/edu/market-share-by-credit-card-networ...
- jgalt212 9y agoAm I reading it wrong? The chart makes it look like Amex has 23%.
- davidcbc 9y agoI'm referring to the cards in circulation number. The original claim was about a percentage of consumers, not a percentage of transactions so to me that is the more relevant number. Either way, 100% - 23% = 77% which is > than 70% so the point stands. Visa + Mastercard alone are over 70% using the purchase volume numbers
- ocdtrekkie 9y agoYeah, when Google said "over 70%", I basically just figured "Okay, so they have Mastercard and Visa." Amex and Discover are both tiny comparatively.
- stordoff 9y agoWhich means that 70% is possible without AmEx? I'd also wonder about how the numbers are computed - you can get incomplete records on a high percentage of consumers without the AmEx data as (people with AmEx) and (people with other card(s)) aren't disjoint sets.
- CobrastanJorji 9y agoAmazon Express is, in my experience, by far the most customer-friendly major credit card in the US. There's a reason that I use it whenever possible, and it's the same reason that most places don't accept it.