Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

Visa is set to introduce significant changes to credit and debit card operations in the U.S., including the option for banks to issue a single physical card linked to multiple accounts. This shift aims to reduce the number of physical cards Americans carry and addresses the growing issue of online payment fraud. The new features, which are already in use in Asia, will allow transactions to be split between accounts based on set criteria, such as transaction amount or merchant type. These changes are part of a broader move towards more secure and convenient payment methods, including enhancements to tap-to-pay and the use of biometrics for transaction approval.