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____ ,

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.

TheFonz ,

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

BigTrout75 ,

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

____ ,

Betteridge’s Law.

Generally proves deeply true.

slaacaa ,

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.

FiskFisk33 ,

LLM is amazing tech, but holy fuck I can't wait to get out of this bubble. Some of these applications sound like when they put radium in butter in the 50's, because atomic energy was so hype.

____ ,

Eh, somehow I missed that. Off to DDG for me, because I’m genuinely curious.

Mirshe ,

Pretty much this. It's the radium craze, or the ozone craze, or a whole bunch of other fads - everything has to have AI/LLMs integrated in some way or it's not "interesting" to shareholders.

muntedcrocodile ,

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.

0x0 ,

Well now u own the right to the stocks

Isn't that called an option in the derivatives market? You can still own stock.

asdfasdfasdf , (edited )

What? That's not true. That's what SIPC is for. Just like if a bank goes under and it's FDIC insured, then you're fine.

https://robinhood.com/us/en/support/articles/how-youre-protected/

Texas_Hangover ,

SPIC lmao. They might want to rethink that acronym.

TheOccasionalTachyon ,

It's actually SIPC - the Securities Investor Protection Corporation, so there aren't any abbreviation problems.

Texas_Hangover ,

Oops! Dyslexia lol. My bad.

moon ,

I could not be happier for the death of physical cash. I despise it so much.

muntedcrocodile ,

I too enjoy sucking the governments dick as they creepily investigate everything I spend money on to ensure absolute social conformity.

Meron35 ,

This only applies to discount brokers, all of which are licensed, regulated brokers.

You do, in fact, “own” the stocks you buy.

The internal plumbing of securities clearing, settlement, and registration is not a concern to retail investors.

Stop buying into juvenile conspiracies.

And if for some reason you are still not satisfied, you can always opt for a "full service" broker or ask to register the shares in your name, both of which are much more expensive.

Do I own my shares? – Trading 212 - https://helpcentre.trading212.com/hc/en-us/articles/360008702918-Do-I-own-my-shares

chiisana ,
@chiisana@lemmy.chiisana.net avatar

Vast majority of those who are vocal about “ownership” are from that reddit cult. They’ll drag you down to their level with nonsense and stupidity, trying to convince you that GameStop will make them multi-billionaires. Be careful and don’t waste too much of your time on them.

azalty ,
@azalty@jlai.lu avatar

This

Fuck credit cards, long life to cash!

kalleboo ,

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.

chiisana ,
@chiisana@lemmy.chiisana.net avatar

They’ll try to pull out of Apple Pay/Google Pay. At least that’s what Walmart did / is doing for the longest time in favor of their CurrenC or whatever thing in the US.

Blisterexe ,
@Blisterexe@lemmy.zip avatar

Honestly I hope they do because I refuse to use google pay and I can't use apple pay

chiisana ,
@chiisana@lemmy.chiisana.net avatar

At the end of the day, that’s just trading one spying conglomerate for another.

Blisterexe ,
@Blisterexe@lemmy.zip avatar

I know, that's why I don't use either

gravitas_deficiency ,

lol for fucks sake this is so deeply stupid

hal_5700X ,
@hal_5700X@sh.itjust.works avatar

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

LifeInMultipleChoice ,

Can you explain that one to me? Anyone can take my card and use it, no one can take my phone and use it.. also I would notice my phone being gone sooner. Cards dont have to transfer to other devices and have to be readded with the banks verification. A card is as easy as beep and draw an X, or not even have to "sign".

plz1 ,

Until you get hit by a card skimmer. Encrypted NFC is safer than a physical card.

vrighter ,

and how, pray tell, do you think contactless cards work?

plz1 ,

I was referring to services like Apple Pay

BearOfaTime ,

I haven't used a swipe in years. Virtually all contact less now.

htrayl ,

I can put my credit card number in any transaction directly, and so can anyone else. Digital payment can provide a random one time card number (at the expense of privacy, admittedly). Physical cards are absolutely not safer.

lnxtx ,
@lnxtx@feddit.nl avatar

Aren't metal cards better?

SaltySalamander ,
@SaltySalamander@fedia.io avatar

100%, but they cost the card companies a hell of a lot more to produce. Ergo, plastic.

TommySoda ,

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

RizzRustbolt ,

I think someone already wrote a proposal for that.

todd_bonzalez ,

Nobody goes hungry if the Human race is extinct.

filister ,

The same way Israel is solving hunger with AI in Gaza.

Stalin once said, "Net cheloveka, net problemy" ("No person, no problem").

metaStatic ,

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

And a lot easier to obtain by force

Imgonnatrythis ,

And a lot harder to alter when compromised.

AbidanYre ,

Not hard enough.

https://www.msnbc.com/msnbc/officials-say-56-million-fingerprints-stolen-massive-opm-hack-msna688536

NeoNachtwaechter , (edited )

Stolen? LOL fingerprints cannot be stolen. Stealing is taking away something from someone.

They are not protected, they are not copyrighted, they don't go away from you when someone copies them ...

You leave them everywhere, every day.

Fingerprints are public knowlege.

RGB3x3 ,

Fingerprint [records]. It says that in the article. Does it please you to be so pedantic?

Slotos ,

Identification != Authentication

As obvious as this sounds, I’ve learned over the years that most people don’t understand what it means exactly.

metaStatic ,

"Biometric confirmation" is both

yukijoou ,

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

CheapFrottage ,

The post below this one in my feed is “Microsoft’s carbon emissions up by 30% due to ai”

kirklennon ,

“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.

JackGreenEarth ,
@JackGreenEarth@lemm.ee avatar

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

Deceptichum ,
@Deceptichum@sh.itjust.works avatar

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

canis_majoris ,
@canis_majoris@lemmy.ca avatar

There's a transaction limit on tap payments. Sometimes you need to chip or swipe when it's over $250 or something.

kirklennon ,

Seems like you're Canadian. America doesn't have limits on tap to pay.

saiarcot895 ,

It depends on the place. There's a grocery store I go to (in Seattle, WA) that has a $100 limit for mobile payments.

Kusimulkku ,

I'd be happy to use Google Wallet most of the time but Google is real worried about my custom ROM and won't allow me to.

thejml ,

Sadly, too many places around here don’t get support Apple Pay and even less Google wallet. It’s definitely improved the last few years, probably 80%, but not 100%, so I’ve had to carry mine. So close I can’t wait!

partial_accumen ,

I'm getting old. Google keeps changing their touchless pay system and app. I got tired of switching after the third version of whatever Google is calling it now and gave up. Google pay, no Android pay, no Google wallet!

Imgonnatrythis ,

Assume you are not in US? Phone pay never caught on here in a big way unfortunately.

ThePrivacyPolicy ,

I did it when I was travelling to the US a few years back and the store clerk looked at me like I had two heads. It's so normal in Canada I never thought much of it, and here I was a celebrity in this store and everyone was just wow'd at the magic I'd done.

Telodzrum , (edited )

I’m in the US and use my watch or phone for nearly every purchase. I was at the farmers market this morning and used my watch for five transactions. The last time I used a card was at the dentist a few weeks ago.

htrayl ,

It is definitely picking up very quickly currently. Far more common in the last couple years than before.

Skua ,

I don't feel comfortable putting that much important stuff in one thing. If I lose my phone or my wallet, the other can do a lot to help cover for it until I get a replacement

Cheskaz ,

I remember on reddit once someone from the US complaining about people assuming their bar had EFTPOS machines/pay wave saying "You wouldn't go to the grocery store without your wallet?!"

And me, in Australia just being like...but... I do? I almost never take my wallet with me to the grocery store...

(Although, because my student public transport card is the only thing I can't put on my phone, going out for drinks is one of the few times I'm almost guaranteed to have my wallet) (also because I want to have backups if something goes wrong while I'm inebriated)

nyan ,

I prefer carrying the plastic over carrying a tracking deivce everywhere with me. Then again, I'm one of those weirdos that also still carries cash.

(Note that I'm not saying you should ditch your phone—your priorities are doubtless different from mine—just that for me the tradeoff is not acceptable.)

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