• @[email protected]
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    1 year ago

    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.

    • chiisana
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      181 year ago

      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.

  • kirklennon
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    311 year ago

    “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.

  • @[email protected]
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    661 year ago

    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.

    • @[email protected]
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      161 year ago

      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.

      • @[email protected]
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        21 year ago

        Pretty much this. It’s the radium craze, or the ozone craze, or a whole bunch of other fads - everything has to have AI/LLMs integrated in some way or it’s not “interesting” to shareholders.

  • 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.

  • metaStatic
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    431 year ago

    “[Biometric confirmation is] a lot harder to compromise,”

    And a lot easier to obtain by force

  • @[email protected]
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    31 year ago

    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.

  • @[email protected]
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    731 year ago

    lmao. as if the ai was gonna have a better carbon footprint than the small plastic thing you replace every 5-10 years

    • @[email protected]
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      171 year ago

      The post below this one in my feed is “Microsoft’s carbon emissions up by 30% due to ai”

  • @[email protected]
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    141 year ago

    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

  • @[email protected]OP
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    91 year ago

    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.

    • Gormadt
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      151 year ago

      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.

  • @[email protected]
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    171 year ago

    People still use physical cards? I haven’t been carrying any cards at all for so many years now.

    • @[email protected]
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      131 year ago

      I’d be happy to use Google Wallet most of the time but Google is real worried about my custom ROM and won’t allow me to.

    • smoothbrain coldtakes
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      81 year ago

      There’s a transaction limit on tap payments. Sometimes you need to chip or swipe when it’s over $250 or something.

      • kirklennon
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        31 year ago

        Seems like you’re Canadian. America doesn’t have limits on tap to pay.

        • @[email protected]
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          81 year ago

          It depends on the place. There’s a grocery store I go to (in Seattle, WA) that has a $100 limit for mobile payments.

    • Skua
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      21 year ago

      I don’t feel comfortable putting that much important stuff in one thing. If I lose my phone or my wallet, the other can do a lot to help cover for it until I get a replacement

    • @[email protected]
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      51 year ago

      Sadly, too many places around here don’t get support Apple Pay and even less Google wallet. It’s definitely improved the last few years, probably 80%, but not 100%, so I’ve had to carry mine. So close I can’t wait!

      • partial_accumen
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        31 year ago

        I’m getting old. Google keeps changing their touchless pay system and app. I got tired of switching after the third version of whatever Google is calling it now and gave up. Google pay, no Android pay, no Google wallet!

      • @[email protected]
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        1 year ago

        I’m in the US and use my watch or phone for nearly every purchase. I was at the farmers market this morning and used my watch for five transactions. The last time I used a card was at the dentist a few weeks ago.

      • @[email protected]
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        61 year ago

        I did it when I was travelling to the US a few years back and the store clerk looked at me like I had two heads. It’s so normal in Canada I never thought much of it, and here I was a celebrity in this store and everyone was just wow’d at the magic I’d done.

      • htrayl
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        11 year ago

        It is definitely picking up very quickly currently. Far more common in the last couple years than before.

    • @[email protected]
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      41 year ago

      I prefer carrying the plastic over carrying a tracking deivce everywhere with me. Then again, I’m one of those weirdos that also still carries cash.

      (Note that I’m not saying you should ditch your phone—your priorities are doubtless different from mine—just that for me the tradeoff is not acceptable.)

    • @[email protected]
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      41 year ago

      I remember on reddit once someone from the US complaining about people assuming their bar had EFTPOS machines/pay wave saying “You wouldn’t go to the grocery store without your wallet?!”

      And me, in Australia just being like…but… I do? I almost never take my wallet with me to the grocery store…

      (Although, because my student public transport card is the only thing I can’t put on my phone, going out for drinks is one of the few times I’m almost guaranteed to have my wallet) (also because I want to have backups if something goes wrong while I’m inebriated)

    • AggressivelyPassive
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      41 year ago

      I also promise, to pay you back, if you give me 10 million. No contractual obligations, but I totally promise!

      • @[email protected]
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        271 year ago

        The funny thing is AI is not really mentioned in the rest of the article. I don’t think any of the new technology being introduced has anything to do with AI.

        I guess “AI” is just a synonym for “new stuff” now.

        • plz1
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          141 year ago

          “AI” is the new “cloud”

    • SaltySalamander
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      61 year ago

      100%, but they cost the card companies a hell of a lot more to produce. Ergo, plastic.