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I work with credit card data, and I'm always astounded at how much ambiguity the banks allow. We see major brands redact what's in the transaction description t
by Cd00d 7y ago
I work with credit card data, and I'm always astounded at how much ambiguity the banks allow. We see major brands redact what's in the transaction description to the point where it may only say the street intersection of the transaction (Main & 4th), yet the banks have a call center handling questions like, 'I don't recognize this place and it's a $200 charge, so what was it?'. With simple rules to make the transaction descriptions less opaque, I'd think the banks would come out ahead.