Visa announces major changes coming this year

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Major changes announced by Visa this week mean Americans will soon not need to carry around as many credit and debit cards.

Visa unveils single credit card allowing US customers to slim down their wallet while accessing multiple accounts

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 card giant also said it will be expanding the ways consumers can"tap" to pay using mobile devices this year.

Visa is also introducing a new Payment Passkey Service that will allow customers to make online payments with a scan of their face or a fingerprint, replacing the need to input passwords or one-time codes.

Source: Loan Digest (loandigest.net)

 

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