Earlier this month international financing giant Visa announced they will be offering a service that allows customers to connect a number of banks and money accounts in just a singular card.
In a press release published last week, “Visa Flexible Credential” was announced, touted as “a new technology that lets issuers give their clients the ability to access different funding sources on an existing payment card.” Normally each account requires its own individual card, but now no longer will Visa customers need to carry “around a small stack of plastic,” the company says.
Visa boasts it will enable “one card to rule them all” – “virtual or otherwise,” they state.
Visa Flexible Credential — a new technology that lets issuers give their clients the ability to access different funding sources on an existing payment card — is already letting consumers do exactly that.
From line of credit or checking account, to loyalty points, prepaid debit or installments, some shoppers — and in the near future, all shoppers whose issuers enable the technology — are living in the future of payments, where one card can tap into different types of funding sources.
Visa wrote
According to one of Visa’s studies, ‘51% of card users want the power to access multiple accounts and funding sources through a single credential.’ Visa will begin launching pilot programs later this year for their Flexible Credential, though the program is already up and running in some parts of the world with $3 billion already through their pilot network.
On the same day Visa also announced that the future of these cards will remove the unique serial numbers on the card, but instead with biometric data in a digital ID verification system.
The thing is, card numbers don’t prove that you’re you — they just prove that someone, somewhere, possesses a string of numbers.
But some things are uniquely you. Your face, your fingerprint, your biometrics are yours and yours alone. And they’re the key to the next generation of security in payments.
Visa wrote in its press release
The company will be introducing the Visa Payment Passkey Service, “a new take on digital payments identity,” the say. Visa explains that “a modern fraud detection system” – powered by AI, in other words – will learn to recognize the customer’s purchase history, and if it detects a purchase it registers as obscure the transaction will be frozen.
They go on to describe it as:
Visa Payment Passkey Service binds your account credential with your device, enabling you to use the biometrics you use to unlock your device for payment authentication. Enroll once via checkout (or your mobile banking app, in the future) and then pay with a smile, everywhere Visa is accepted online, across any device or online surface. No need to worry about passcodes or authenticator apps for each checkout experience.
Under the hood, we’ve built our own Fast Identity Online (FIDO) server, enabling Visa to authenticate and verify customer identities. Where other approaches require the issuer or merchant to complete at least part of their own authentication, Visa’s federated model shoulders that entire burden. If you’re a merchant, just integrate Visa Payment Passkey Service once and let Visa handle the rest—no need to build your own server, integrate it into your tech stack, or get issuers onboard.
At the end of the day, relying on biometric markers for payments helps make the whole chain more convenient and more secure. More and more, the future of commerce has you at the center.
Lastly, VISA also noted that “the end of swipe and type” transactions are here, and instead basically going all in on the “tap to pay” model that has already been widely adopted around the world, where customers simply tap their card, phone, or wearable on a terminal to perform the transaction.
This updated model will now allow for more sellers and being able to more easily receive funds, and will get rid of having to manually type out user credentials to make payments online. Furthermore, ‘from the POV of banks, wallets and issuers, Visa plans to offer a complete SDK, creating specialized tokens so that a debit or prepaid card can become payment acceptors securely,’ Visa says.
AUTHOR COMMENTARY
This quiet move by VISA is huge as it pushes the world into accepting the all-in-one national and international digital IDs and passports, CBDCs and tokenization, and AI surveillance and biometric tracking. It’s right in front of our faces, and most people will rejoice anon without thinking twice, reveling and marveling in the “convenience” and safety of it all. I mean, just look at what’s happening in Australia right now: the people basically use no cash, the banks are phasing it out and their central bank is talking about a cash tax, and will be implementing digital IDs this summer.
This is in the short run in the here and now. In the macro of events these types of things bring us only closer to the coming mark of the beast system.
Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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We’re well on our way to the beast system…
There is no reason in hell VISA needed to do this, so we’re assuming that it is not in our favor. Something seems very fisher here. We can already get VISA cards from whatever bank we want, so I am assuming they are trying to corner the credit card market and when it does, we’re fuqued !@Q
Rumple, you nailed it right on the head!
One ring to rule them all, one ring to find them, one ring to bring them all, and in the land of darkness bind them. . . . in Mordor where the shadows lie. J.R.R. Tolkien
The problem is, this is all driven by the spirit of Esau. Remember the story? He sold his entire birthright to his brother Jacob for “a bowl of pottage”, that is, a bowl of lentil stew. His birthright consisted of his father Isaac’s holdings: servants; livestock; land — a HUGE amount of wealth for that time and lifestyle. All gone, given away, for a bowl of stew!
And WE are doing EXACTLY the same thing! Only, instead of stew, we’re doing it for some d@mned “CONVENIENCE”. Lord forbid we should EVER be “inconvenienced” by having to read a physical book; do physical labor; or use a phone booth; landline; stick shift; actual, independent camera; or use freakin’ CASH!
Well, guess we’re going to get what we deserve for our lazy need for “convenience”. After all, our food grows on supermarket shelves . . . doesn’t it? (There are idiots that actually believe that! Literally too stupid to live . . . and they won’t).
Yeah, It makes it easier for the consumer BUT easier for Big Data to track you and your purchases AND deny those purchases if They see fit…
Thank God the body of Christ will be called up soon before the time of Jacob’s trouble 1 Corinthians 15:51-52, 1 Thessalonians 4: 16-18.
51% my ass all made up BS – I Never use, Thumb print, Eye Scan, Face Scan, Never use Chip Implant. I hope All idiots who use this will Suffer the real consequences of being a Dumb, Moronic, Sheeple, heading to the Slaughterhouse.
You should leave out the religious lunacy. This Visa proposal is still a very dangerous idea in itself.
RoHa:
1 Corinthians 1:18-24
18For the preaching of the cross is to them that perish foolishness; but unto us which are saved it is the power of God.
19For it is written, I will destroy the wisdom of the wise, and will bring to nothing the understanding of the prudent.
20Where is the wise? where is the scribe? where is the disputer of this world? hath not God made foolish the wisdom of this world?
21For after that in the wisdom of God the world by wisdom knew not God, it pleased God by the foolishness of preaching to save them that believe.
22For the Jews require a sign, and the Greeks seek after wisdom:
23But we preach Christ crucified, unto the Jews a stumblingblock, and unto the Greeks foolishness;
24But unto them which are called, both Jews and Greeks, Christ the power of God, and the wisdom of God.
You have to be foolish to ignore the power of the Holy Bible (as I was before the Lord Jesus Christ saved me).
The Holy Scriptures have more wisdom, history, and prophecy than any other written work in existence.
You have to be ignorant to not even see the secular arguments for the validity of the scriptures, and the circumstances the lead to the Authorised Version of 1611 (nicknamed the King James Bible/Version).
But regardless of what I say,
Romans 10:17
17So then faith cometh by hearing, and hearing by the word of God.
Anyone in the comments using profanity is not hindering any devilish schemes. Post scripture not profanity unless you want to be one with the beast.
Hebrews 12:16 Lest there be any fornicator, or profane person, as Esau, who for one morsel of meat sold his birthright.
If I can’t keep my present VISA card, or its renewals then I will no longer keep a VISA card. The time is growing near my friends.