“It’s called a bank identification number,” Mark Nelsen, senior vice president, risk products and business intelligence at Visa, told me. The next five or six digits are all tied to your bank. 2 - Mastercard (The issuer started using codes beginning with this number in 2017.).So what’s the story behind all those numbers? Are they randomly assigned with a credit-card-number generator? They help merchants know that your card is real, and they help banks process those transactions in a matter of seconds.
As you look for strategies to increase the number of your credit card rewards points, have you ever wondered about the numbers that form the foundation for all that earning potential? Each of those figures plays a role with each purchase you make.
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