Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
The new features could mean Americans will be carrying fewer physical cards in their wallets, and will make the 16-digit credit or debit card number printed on every card increasingly irrelevant.
“I think we’re getting past the point where consumers may never need to manually enter an account number ever again,” said Mark Nelsen, Visa’s global head of consumer payments, in an interview. The feature, already being used in Asia, will be available this summer. Buy now, pay later company Affirm is the first of Visa’s customers to roll out the feature in the U.S.
Other new elements are also in response to features that non-payments companies have rolled out in recent years. The Apple Card, which uses Mastercard as its payment network, does not come with a printed 16-digit account number and Apple Card users can request a fresh credit card number at any time without having to dispose of the physical card.
Credit Card Debit Card Money Economics Wallet Changes To Credit And Debit Cards
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Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
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Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
Read more »
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
Read more »
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
Read more »
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
Read more »
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their walletsVisa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years.
Read more »