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Originally Posted by TheDoc
While we have been ok with sales we have had some rather odd days.. With that we started to update more yet retention seems to slowly be slippin down the drain.. So I started to talk with Steve Lightspeed and a couple others about the problem and found out some nasty info...
Over 200 million reissued cards this summer..
40 million from Master Card's frauded..
http://money.cnn.com/2005/06/17/news/master_card/
Higher minimum payouts on credit card payments. "Average household credit card debt was about $9,300 last year"
http://www.post-gazette.com/pg/05273/580132.stm
Credit card hacks are on the rise so reissuing cards is on the rise.
http://australianit.news.com.au/arti...tml?from=r ss
And now the rising price of gas..
Moreless this means a decline in rebills and a blow to fresh sales..
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yeah my mastercard was one of these 200 million and got a new one. Also I got a new visa the other day with a chip for more security. Imagine when all these cards will get reissued worldwide... A huge drop in recurring charges. All this because of hackers getting in databases, putting scans on atms etc
