Visa changes coming this year will mean fewer cards for Americans

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Visa changes coming this year will mean fewer cards for Americans
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Visa says it has 'reinvented' the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.

Major changes announced by Visa this week mean Americans will soon not need to carry around as many credit and debit cards. During Visa's annual Payments Forum in San Francisco on Wednesday, the company unveiled its new Visa Flexible Credential, which will allow customers to use a single card to access payment options from multiple credit and bank accounts, and even "Buy Now Pay Later" plans when making a purchase.

The industry is at a pivotal point – new technologies like Gen AI are rapidly shifting how we shop and manage our finances," said Jack Forestell, Visa's chief product and strategy officer. GET FOX BUSINESS ON THE GO BY CLICKING HERE "We’re announcing the next generation of truly digital-native payment card experiences," he continued. "Today we unveiled new card features and digital innovations that will bring consumers into a more customized, convenient and secure future.

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