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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen6/10/2017 1:18:07 AM
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The Day Will Come When Your Credit Card Will Disappear



Visa is one of the most recognized brands in the world. Its logo is synonymous with the plastic forms of payment for which the company is still best known.

The ability to pay for things with a debit card or your smartphone instead of having to carry around cash (or something to barter) is sort of miraculous. For nearly the whole of human history, and in many parts of the world still, economies have been built on the premise of physical mediums of exchange. If Visa’s innovation chief Jim McCarthy has his way, Visa itself may soon become invisible.

“The magic of Uber and Amazon, they made payment kind of disappear,” McCarthy said at the 2017 Wired Business Conference in New York today. (Visa is the conference’s main corporate sponsor.)

Naturally, McCarthy wants Visa to stay at the center of the payments ecosystem, even as the consumer-side of paying for stuff becomes less visible. And to do that, he says, Visa has focused on making it easier for tech companies like Apple and Samsung to tap into Visa’s services.

wired.com

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