Consumer Payment Card News

Card Flexibility

A new system has been established that will enable you to switch among various credit cards offered by the same issuer and keep your original 16-digit account number. The new MasterCard solution will solve the problem of potentially disrupting your payment relationships. Retaining account numbers will allow you to maintain your recurring bill payments, online shopping profiles, and other automatic payment relationships. With this new MasterCard solution, fewer payments will be disrupted when you switch to a new card program. MasterCard has dubbed the program “Product Graduation.” MasterCard says the new capability is the result of enhancements to its technological infrastructure and the design of its core processing systems, reflecting the company’s move toward providing greater functionality at the individual account level. For more information contact your MasterCard issuer.

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