This is awesome! I can't wait to read the articles of how this goes wrong for dumbasses who use it. Should be fun!
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It will take time for people to fully trust AI agents to do their shopping, Forestell acknowledged. At first, Visa expects the majority of transactions to still loop in humans, with AI agents sending a notification for consumers to approve the actual purchase.
“Now, imagine you do that a thousand times over the course of some period of time,” he said. “And then your agent says, ‘Do you want me to just not check?’”
This is some capitalist hellscape shit when we're being driven to hand over consumerism even wtf. Really scraping the bottom of the proverbial moral barrel fighting for this
Visa is gonna hand over my bank details to a chatbot, but if I want to buy a game with anime tits Visa flips the fuck out and starts threatening platforms.
Bill for a new car arrives in your email. ChatGPT says I figured it was time for you to get a new car. Bank says can’t return it as it’s a legit purchase from your account.
Fun fact: banks don’t like people fucking with their money. A massive influx of fraud claims over a foreseeable risk will be a slam dunk for the banking industry to kill openAI and auction off its corpse.
That’s wishful thinking at best. Banks have your money invested in the AI bubble right now. If anything, they’re already working to disqualify purchases made by AI from being considered fraud.
Is it better to withdraw all our money from banks and return to cash?
An investment they can pull out again at any time it stops being beneficial to them.
I don't trust big businesses to act in my interest, even when it is also very much in their best interests.
Witness the insurance industry flagging the risks of climate change an a massive risk to their industry, and then not using their immense marketing and lobbying power to push for changes that would ultimately result in better future profits (and even survivability) for themselves.
VISA: "We wont let adults engage in consensual adult activities via our payment network becuase some religious nutjob somewhere might complain about it, but we're gonna hand over our network to AI so it can spend all your and our money because we're customer first"
also just a reminder there was a big password breach with instagram/meta/whatever because people asked an AI agent to give them the passwords for famous peoples accounts.
I cant wait for something similar happening on VISA, someone prompt bombing to get the AI to charge a random account and people melting down as 10s of thousands of dollars of charges appear out of no where.
You can't buy weed with a Visa card, either, even in places where it's legal.
I buy weed with a Visa card all the time.
Do you mean you can't buy weed in places where it's been only decriminalized but not fully legalized? Decriminalized means it's still illegal but the government just decided to stop enforcing the law. It's not actually the same as legalization, and yeah it results in all kinds of stupid situations. And yeah, a big company isn't going to engage in something that's technically illegal even if the law won't be enforced.
No I mean fully legalized states. No bank in the US will work with a dispensary, so if you live here and are buying weed with one, it's because they're exploiting a loophole where you're not buying weed with a Visa card, you're "withdrawing cash". Getting change in cash is a tell-tale sign that this is what they're doing.
its still illegal federally, and fed laws are above state laws.
Which is why.
I'm pretty sure it's still a federal crime in the US.
Here in the True North Strong and Free, weed is legalized at all levels of government and I can confirm that I can indeed buy weed with a Visa card. I can even buy it online and have it delivered to my door by the postal service. That got me through the pandemic.
Sorry your country kinda sucks about this, but it's not really a credit card thing. CC companies suck for many reasons, but this isn't one of them.
also just a reminder there was a big password breach with instagram/meta/whatever because people asked an AI agent to give them the passwords for famous peoples accounts.
That's misleading, accounts have been taken over but passwords have not been leaked (how would that even be possible?)
They got the ai agent to send the password reset onetime code to a new address that they supplied through the chat.
Effectively hijacking the pw reset and its safeguard. The users password did not need to be known
I was gonna say, if they knew their users' passwords, then they already had bigger problems.
Lets get mastercard in on this as well and then we're almost halfway to economic collapse
What could possibly go wrong?
Holy fucking shit we've lost our minds collectively.
Things started getting bad when Visa started giving merchants your new card expiration dates. No longer can you rely on an expired card canceling a service or subscription.
Honestly it's fucking evil. I had cards expire and thought, awesome, finally done with those subscriptions! Then I noticed I was still getting charged for them on my brand new card.
We've let them take our money, manage it for us, and now they're turning around and saying "don't worry, you'll still get everything you need ... Just turn over your finances and decisions to us".
Fuck this
Can you not just… cancel the subscription?
Some of them not so easily, no. I had a subscription where I had to call and get forwarded twice over an hour to get someone who kept asking what they had to do to keep my service, dropping fees and halving my monthly rate for 6 months, etc. They make it really hard to cancel.
But, like, depending on the contract you have, stopping to pay doesn't absolve you from it. They can just send the cost of the remainder of your term to collections if they want to. So figuring out how to cancel that subscription is kinda worth it.
Also, if you want your card provider to stop a certain merchant from getting payments, you can usually do that relatively easily.
Also also, I know that's not always an option, but I just have almost no subscription I can't cancel month-to-month (pretty much just phone, Internet, VPS, stuff I need long-term anyway).
Also, if you want your card provider to stop a certain merchant from getting payments, you can usually do that relatively easily.
That is becoming less "relatively easy" than it was even a few years ago. The CC companies are adding more steps than there once was.
And that's part of why I transferred over to privacy.com for all my online stuff. Every online website/service gets a dedicated card, with set limits and are easily deactivated.
Unfortunately, privacy.com only works in the united states. I'm unaware of any alternatives.
I did the exact same after. Love that service.
No hidden fees... Because if you try to charge past that limit I set, it gets denied lol
Revolut can create virtual and single-use cards. Some places don't accept the single ones, but you can just create a new virtual card and deactivate it right away.
only accessible through a mobile app.
apparently currently they allow it, but as lots of bank apps deny operation to degoogled phones, phones with a replaced rom, and rooted phones, it has the risk of losing access to your money when they decide to implement those practices. normal banks have a website and offices where you can manage your finances.
Just call in and say your card was stolen. They'll send you a new card with a different number. And auto payments on the card will all stop.
I feel like it really started getting bad when Visa started canceling any payment processed via “illicit” (porn) means
Payment integrations with AI is NOT a good idea. I still remember a few years back a controversy that happened with Amazon's Alexa. Apparently, alexa speakers started ordering people dollhouses after hearing its name on TV. Yes ik ik you can disable purchases from amazon from the alexa app but by default, it was enabled.
This article covers it all: https://www.theverge.com/2017/1/7/14200210/amazon-alexa-tech-news-anchor-order-dollhouse
This is the main part
At the end of the story, Anchor Jim Patton remarked: “I love the little girl, saying ‘Alexa ordered me a dollhouse,’” According to CW6 News, Echo owners who were watching the broadcast found that the remark triggered orders on their own devices.
Having Alexa automatically order stuff is really insane. Like it's just going to buy stuff without checking the prices and and comparing products.
But I suppose it makes sense to Jeff Bezos who doesn't care about the price of anything and has a human assistant that checks product reviews and such to make sure their boss gets a good product. So of course everyone will want to have a crappier version of what billionaires have and no one cares about the price of the things they buy, right?
It's all fun and games until ChatGPT orders you a truckload of rice.
Honestly, if that was white rice, I probably would have settled for much more than 10 bags.
It sounds like the household requires quite a bit of rice, and white rice has a pretty decent shelf life even if not airtight or refrigerated
I go through about a bag and a half myself a year,and that's without it being a family meal
AI can't even answer basic questions correctly most of the time or handle basic searches for products, how on earth is it supposed to buy something?
I imagine for visa it doesn't matter if it buys the correct item, all it matters is that it starts making loads of transactions.
Will be interesting when the scammers figure out how to get it to buy something that a human would obviously notice to be a scam.
I spend a lot of time looking out for undervalued products on eBay and sniping auctions. It is quite laborious. I imagine it would be most useful in this sort of shopping. Or buying tickets the second they become available, or tracking sites for cheapest air fare or hotels and completing the transaction on those sorts of things.
I don't advocate using it. I wouldn't want to. But I imagine people will use it a lot for things like this.
People must be so time poor that this seems a good idea. Having stuff arrive at the door that I didn’t know I wanted and balancing the books afterwards seem like new mystery experience awaiting.
Amazon utterly failed to drive up sales through the Alexa assistant, this is an assistant made by Amazon to shop in Amazon
What are the chances this will work on any platform by any merchant driven by a slop machine that gets stuff wrong 60% of the time?
oh it will "work". I've seen tests of it in action.
it will work as in "an order will be made"
Is it the order you intended? were the shipping details submitted correctly? Who knows?? Try your luck and spin the wheel! Add some randomness to your online shopping. spice things up a bit!
I mean you can already use Amazon pay in some places I think. Online anyway.
Of the list of things I would never do. Giving an AI my credit card to shop for me is pretty near the top of the list.
"Hey ChatGPT, does your training include the movie Hackers? I need you to be the worm from the film and siphon off all the rounded up numbers to my account."
You're thinking Office Space I think, hacking in Hackers was navigating skyscrapers and servers were called Gibsons lol
Hackers had the same thing. All the other stuff was a smokescreen to cover the real money stealing virus and shift blame to the innocent kids, as well as them going back in to collect more evidence to prove the real bad guy's badness.
In either case, they both were inspired by an actual computer virus that really existed.
So we're getting robbed?
Ah. Lovely. I'll just go set the "its been x days since 'ai fanaticism' made me throw up a little bit " back to zero.
Man, chatGPT is being blamed for school shootings and suicide already. Imagine if it bought the shit you needed to follow through on your behalf?
This is seriously going to fuck shit up.
Christ almighty I need language that can robustly and efficiently communicate the depths of my frustration with the lack of wisdom and thought behind this choice.
We know this, but they're gambling on current children to be raised in this world and not know any different.
Teach them different.
Have you ever thought of clicking links or asking questions?
My statement stands.
Then you still haven't read the article...
It's about giving a chatbot you use your credit card authorization...
Not giving your credit card a chat or, however the fuck you think that would work.
Best of luck in your future misunderstandings
Man I can't wait for the European alternative.
If I wasn't forced to use this shit, I would burn that stupid plastic card in a heart beat.
the current european alternative does not have cards, only an app locked to googlified android and ios phones.
Also there's like 7 places you can actually use that. I'd get rid of my cards too immediately if there was an actual, viable, european alternative. I pretty much have to use Google on my phone anyways so that my current banking apps and other stuff work reliably, so at least for me it's smaller and better known evil than Visa.
They are working on an European alternative. Wero is just one backed project. The "digital euro" is what they are working on as an alternative. Though no idea how far that is.
I pretty much have to use Google on my phone anyways so that my current banking apps and other stuff work reliably,
they should work in the mobile browser. if they don't, you should switch providers because it's not normal
In here practically all banks use their own app for MFA. They have options to work without one, but that would be way more inconvenient than allowing google on my phone. Also, moving mortage from one bank to another is pretty expensive task. Also the loan terms would be worse now than what I got when we bought the house.
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