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Written by: RJ
Visa has announced new upgrades coming to cards on their payment network. No word yet on banks who are opting in or rollout dates.
Linking one card to multiple accounts
The biggest change coming for Americans will be the ability for banks to issue one physical payment card that will be connected to multiple bank accounts. That means no more carrying, for example, a Bank of America or Chase debit card as well as their respective credit cards in a physical wallet. Americans will be able to set criteria with their bank — such as having all purchases below $100 or with a certain merchant applied to the debit card, while other purchases go on the credit card.
16 Digit Account Number
“Visa executives see a future where banks will issue cards where the 16-digit account number, if the new cards come with them, is largely symbolic”, ABC says.
Tap to Pay
Ability add your card to a mobile wallet by tapping it on the device.
Biometrics
Biometrics to approve transactions. Like how Face ID works on iPhone
First reported by ABC News
Thoughts
One card to rule them all would be a dream. Interested to see how Visa handles the back end and allowing you to choose which card to use in the moment.
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