New AI technology promises to-

Hmm, where have I heard this before...

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

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.

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

And a lot easier to obtain by force

“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.

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.

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.

If a title asks a question, the answer is always "no". No?

Physical cards are harder to mess with then a phone. Physical cards are safer.

lol for fucks sake this is so deeply stupid

I can't wait for the article saying how we're gonna solve world hunger with AI.

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

Only when they stop trying to DRM lock phone pay to phones with locked bootloaders will I use phone pay

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.

Aren't metal cards better?

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

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.