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We offer virtual cards too through AppBind and when I can’t sleep at night, sometimes I do game plan the possibility of what it means if we had to change card p
by sunir 5y ago
We offer virtual cards too through AppBind and when I can’t sleep at night, sometimes I do game plan the possibility of what it means if we had to change card partners.
I expect we will see events like this fairly frequently in the next decade.
I feel for them.
- troydavis 5y agoThe problem isn't needing to change card partners, it's not having (not having negotiated?) a 1+ year period where already-issued cards will continue to work. Having a year or more to gradually change cards the next time I buy something from each merchant would be a minor inconvenience. In the best case, it would be 2+ years and by then, it would hardly be a concern at all. Privacy.com's mistake wasn't needing to change issuers; as you said, that's unavoidable. Rather, it was forcing customers to cut over existing cards in 3 weeks, then lying to customers by pretending this was an upgrade rather than something required by their issuer.
- ipaddr 5y agoWhy not setup a backup system with another provider now?
- pxx 5y agoThe numbers would still need to change? The first six (soon to be eight) digits of a Visa or Mastercard identify the card issuer.