Big Changes Coming To Visa Credit Cards.

Photo: Pixabay. A wallet crammed with cash and credit cards is a bulky item to carry around. Soon that may change.
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Visa is making major changes to how its credit and debt cards will soon be operating in the U.S., and it might that in the future people will be carrying less cards on their person.

The most biggest  change will be the ability to carry one physical payment card—without a 16-digit account number—that’s connected can make transactions from a variety of bank accounts.

For example, a person would not need to have a both a debit card and a credit card.

By connecting the two, they will be able to set criteria with the bank for what is paid from which account, such as transactions less than $100 or with a certain business go on the debit and other purchases at higher amounts go on the credit card.

The new feature is reportedly more secure for consumers using digital payments.

Visa said that there are billions of stolen credit and debit card numbers available to criminals, and online payment fraud occurs around seven times more often than in-person payments.

The changes are also a response to payment technologies such as the Apple Card, which doesn’t have a printed 16-digital account number and the number can change at any time without having to also get a new physical card.

Individual banks will be able to decide if, when and how to implement the new features for their customers, so it might take a while for consumers to see the changes personally, and it is not known when changes of this kind will come to Caribbean islands like St. Kitts.

The announcement does not say whether it is expected that ATMs will be used less or removed, but any changes will no doubt come gradually, especially in markets where cash is king.

The United States has lagged somewhat behind Europe in introducing such features as making payments by tapping cards, or having stores and cafes which are completely cashless, but there is no doubt that new technologies will eventually effect Caribbean residents who visit the US for study or tourism,.

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