Visa Reinvents the Card, Unveils New Products for Digital Age

VISA ^ | 5/15/24

[EBH]

I don't think I want VISA to have this much power. All my accounts on one card? Scan my face or fingerprint...what's next?

[one guy in new jersey]

Cash please.

[servo1969]

What could poosibly go wrong?

[dynachrome]

'will allow a single card product to toggle between payment methods,'

"One ring hack to rule them all"

[EBH]

No freaking idea at all... /sarcasm

They can’t secure one card, one account and they think a multi-payment card is a grand idea?

Good golly.

[EBH]

The further they push us down the digital line, the more realistic it is to have cash. Someone steals my wallet...Ok, that is maybe $100 bucks. Someone steals my “payment card” that just might be a lot of bucks and hassles for weeks. Plus it could happen online?!

[montag813]

Why does Visa have to partner with Affirm? Can’t they just easily create their own pay-in-installments service?

[blackdog]

The CIA is neck deep in cyber-fraud stealing the people's savings thru groups they sponsor.

They used to run guns and drugs for those purposes. Now they use hackers that steal vast sums of money out of Americans bank accounts.

AT&T provides the data server facilities equipment, support, and services to hundreds of CIA-NSA data collection centers, yet AT&T can't tell us who breached all of our customer accounts with AT&T? That breach included everything any hacker needs to drain your bank accounts in seconds, yet years later they have idea zero who was behind it?

The hackers utilize AT&T networks to rob banks, yet because it's only specific accounts and not the bank as a whole, it's not bank robbery? They blame the account holder for the thefts.

[aMorePerfectUnion]

Sounds woke

[logi_cal869]

“tokenized”

I’ve not ever seen an analysis of fraud statistics between “tokenized” and “non-tokenized” transactions.

IOW, something is missing from this equation...

...so NO THANKS.

[null and void]

[Carriage Hill]

What’s next?
CBDC is following closely...

[discostu]

They already have that much power. I have multiple cards, including my debit card, that are VISA. The only real difference is consolidating to one to handle them all.

[UnwashedPeasant]

If we had representative government, they would protect our privacy from stuff like this.

Instead, government is working to increase crime so the people will beg to have privacy and freedom taken away for a little security.

[catnipman]

“A Visa study found that more than half of card users want the power to access multiple accounts through a single credential.”

I must be in the other half ...

[EBH]

No, not quite.

This set-up smacks of social credit score controls. The government supports it.

[SunkenCiv]

Wow, multilevel security and branchless banking, how revolutionary. /s

[NorthMountain]

A Visa study found that more than half of card users want the power to access multiple accounts through a single credential.

Madness. Lose one credential, lose access to everything.

[P.O.E.]

What's next?

My guess is a retinal scan. All you have to do is look at something and cha-ching you just bought it.

[EBH]

One credential ...much easier to deny you access to your accounts should they decide you are a dissident. Think ‘truckers strike’ scenario in Canada.

This is about control, not convenience. It is being dressed up as convenience.