Aren’t metal cards better?
100%, but they cost the card companies a hell of a lot more to produce. Ergo, plastic.
“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, Chief Product and Strategy Officer, Visa.
This is so cringey. I get that investors are randomly throwing cash at companies that talk up “generative AI,” but it has nothing to do with anything they announced. Is it impossible to just be content with ridiculously sophisticated algorithms? Did someone hold a gun up to these people and demand they spit out some drivel that uses the buzzwords du jour?
Also, the headline feature was solved a decade ago when Apple Pay was released (and no, not by the janky predecessors of Apple Pay but specifically with the launch of Apple Pay, which everything was then changed to replicate). One device that can hold an entire wallet of cards and I can choose what to use right when I pay? Wow! So new.
I can’t wait for the article saying how we’re gonna solve world hunger with AI.
The same way Israel is solving hunger with AI in Gaza.
Stalin once said, “Net cheloveka, net problemy” (“No person, no problem”).
Nobody goes hungry if the Human race is extinct.
I think someone already wrote a proposal for that.
lol for fucks sake this is so deeply stupid
Only when they stop trying to DRM lock phone pay to phones with locked bootloaders will I use phone pay
Apple Pay/Google Pay already exists though?? What’s new?
The last credit card I got, it took me like a month or two to bother unpacking the physical card since right after signup I could already add the virtual card to Apple Pay through the bank app and I just used that.
They’ll try to pull out of Apple Pay/Google Pay. At least that’s what Walmart did / is doing for the longest time in favor of their CurrenC or whatever thing in the US.
Honestly I hope they do because I refuse to use google pay and I can’t use apple pay
At the end of the day, that’s just trading one spying conglomerate for another.
Cnet? Yeah, no.
The whole premise of how I use virtual cards is to separate - and block, as needed - charges from a given source.
If I use a physical card, it’s because I’m physically in a store and want to choose who charges my card, and when.
This is a step towards making it easier for random things to charge cards unexpectedly, and towards making it harder to dispute charges.
“You were there, per the thumb|face print. Therefore, you must have authorised it.”
That’s a sea change in how questionable charges/questionable disclaimers are handled.
Nope. I absolutely demand that protection, and if I lose it I’m taking my cash out of your bank ASAP and using that, suffering with change be damned.
If a title asks a question, the answer is always “no”. No?
Betteridge’s Law.
Generally proves deeply true.
Am I missing something or is this the most vaguely written description? I don’t get it. Something biometric is all I got out of it
Wow we really are marching right to towards a centralised digital currency with no privacy and no actually ownership.
Remember back in the day when owning stock meant u owned the actually stocks. Well now u own the right to the stocks but if the platform ur trading on goes under welp out of luck guess u don’t actually own them.
You will own nothing and be happy.
This only applies to discount brokers, all of which are licensed, regulated brokers.
You do, in fact, “own” the stocks you buy.
The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.
Stop buying into juvenile conspiracies.
And if for some reason you are still not satisfied, you can always opt for a “full service” broker or ask to register the shares in your name, both of which are much more expensive.
Do I own my shares? – Trading 212 - https://helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares
What? That’s not true. That’s what SPIC is for. Just like if a bank goes under and it’s FDIC insured, then you’re fine.
https://robinhood.com/us/en/support/articles/how-youre-protected/
SPIC lmao. They might want to rethink that acronym.
It’s actually SIPC - the Securities Investor Protection Corporation, so there aren’t any abbreviation problems.
Oops! Dyslexia lol. My bad.
I could not be happier for the death of physical cash. I despise it so much.
I too enjoy sucking the governments dick as they creepily investigate everything I spend money on to ensure absolute social conformity.
Well now u own the right to the stocks
Isn’t that called an option in the derivatives market? You can still own stock.
Within a decade, you’ll likely access all of your cards with one credential and choose which payment method you’d like to use. That includes not just credit and debit cards, but also buy now, pay later options and direct payments from your bank account.
Visa is rolling out technology that will allow you to tap your card on your smart device to add it to your wallet. You’ll also be able to tap your card to your phone to confirm a transaction without needing to input any additional information.
Visa is rolling out technology that will allow you to tap your card on your smart device to add it to your wallet. You’ll also be able to tap your card to your phone to confirm a transaction without needing to input any additional information.
So like almost any tap to pay system?
Shit I was doing this stuff with GPay for years.
Within a decade, you’ll likely access all of your cards with one credential and choose which payment method you’d like to use. That includes not just credit and debit cards, but also buy now, pay later options and direct payments from your bank account.
This is just PayPal.
and I would trust it about as much as paypal.
Zero.
yeah I never go to the grocery store with more than a bag and a phone…
So …. In a decade we’ll get ApplePay?
Is there an AI technology that would help me not roll my eyes every time I hear AI? Can’t wait to add this to the garbage pile of popped bubbles next to NFT, blockchain and metaverse.
And I’m saying that as somebody who uses LLMs for work regularly, it is a useful tool, but the absolute delusional bullshit hype that imagines uses beyond its capabilities is exhausting.
LLM is amazing tech, but holy fuck I can’t wait to get out of this bubble. Some of these applications sound like when they put radium in butter in the 50’s, because atomic energy was so hype.
lmao. as if the ai was gonna have a better carbon footprint than the small plastic thing you replace every 5-10 years
The post below this one in my feed is “Microsoft’s carbon emissions up by 30% due to ai”
Physical cards are harder to mess with then a phone. Physical cards are safer.
Until you get hit by a card skimmer. Encrypted NFC is safer than a physical card.
I haven’t used a swipe in years. Virtually all contact less now.
and how, pray tell, do you think contactless cards work?
I was referring to services like Apple Pay
Can you explain that one to me? Anyone can take my card and use it, no one can take my phone and use it… also I would notice my phone being gone sooner. Cards dont have to transfer to other devices and have to be readded with the banks verification. A card is as easy as beep and draw an X, or not even have to “sign”.
“[Biometric confirmation is] a lot harder to compromise,”
And a lot easier to obtain by force
And a lot harder to alter when compromised.
Stolen? LOL fingerprints cannot be stolen.
They are not protected, they are not copyrighted, they don’t go away from you when someone copies them …
You leave them everywhere, every day.
Fingerprints are public knowlege.
Fingerprint [records]. It says that in the article. Does it please you to be so pedantic?
Identification != Authentication
As obvious as this sounds, I’ve learned over the years that most people don’t understand what it means exactly.
“Biometric confirmation” is both
