Visa introduces multi-account payment cards, phasing out individual card numbers for Americans by summer.
Visa announces major changes set to reduce the number of physical credit and debit cards carried by Americans, making the 16-digit card number less relevant. Banks will be able to issue a single payment card connected to multiple accounts, similar to practices in Asia. These changes will be implemented by summer in the US, marking one of the biggest shifts in payment operations since the introduction of chip-embedded cards.
May 15, 2024
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