Is This the End of Plastic? Visa's New Technology Could Render Physical Cards Obsolete [CNET News]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CNET News
The days of shuffling through your credit cards could be at an end. You'll soon be able to store your payment methods -- credit cards, debit cards, bank accounts -- all in one place, potentially rendering physical cards and even credit card numbers obsolete, according to credit card giant Visa. It's part of the credit card processor's plans to use generative AI to change the landscape of payments. After all, when was the last time you swiped or inserted your credit or debit card to make a payment? Tap-to-pay reached 65% global adoption rates at the end of 2023, according to Visa. “The industry is at a pivotal point -- new technologies like Gen AI are rapidly shifting how we shop and manage our finances,” Jack Forestell, chief product and strategy officer at Visa, said in a press release In addition to bolstering its tap-to-pay capabilities, Visa announced Wednesday a suite of new payment technologies that look to change how you make payments across your accounts, including wher
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MA
Earnings
- 5/1/24 - Beat
MA
Sec Filings
- 6/25/24 - Form 4
- 6/24/24 - Form 4
- 6/21/24 - Form 4
- MA's page on the SEC website