Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets | ABC News
Visa has just dropped a bombshell that might transform how you think about your wallet. Brace yourselves because major changes are on the horizon for credit and debit cards in the U.S.
Picture this: soon, you might not need to stuff your wallet with plastic. Visa’s announcement signals a shift towards a future where physical cards could become relics of the past. Instead of clinging to those 16-digit numbers, you could tap into a whole new world of payment possibilities.
One of the biggest shake-ups? Banks will soon be able to issue a single card linked to multiple accounts. No more juggling between Bank of America and Chase cards—now, you can streamline your wallet with one card to rule them all. Plus, you’ll be free to customize which account gets charged for which purchases.
But why the change? Visa is eyeing the rise of online payment fraud soaring as digital transactions become the norm. They’re not just responding to fraud, though. The game-changers also include a nod to tech titans like Apple, whose sleek Apple Card ditches those clunky 16-digit numbers altogether.
And it doesn’t stop there. Get ready for tap-to-pay upgrades and biometric authentication, which put the power of approval right at your fingertips—or rather, your fingerprint or face scan.
But here’s the kicker: while Visa’s paving the way, it’s up to banks to roll out these innovations to their customers. So, when will these features land in your wallet? Only time will tell………..
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How might these advancements in payment technology shape the landscape for businesses, marketers, and consumers alike?
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