U.S. Bank is poised to release a new "dual interface" card that will facilitate simpler payments for American travelers everywhere in the world. On June 10, U.S. Bank announced its plan to offer customers the advanced US Bank FlexPerks Travel Rewards Visa card, in partnership with Oberthur Technologies and Visa.
This new, high-tech credit card offers not only the traditional magnetic stripe, but the addition of both an EMV chip and Visa payWave. As a result, cardholders will be able to swipe the card on virtually any payment system. Even the best rewards credit cards don't offer this kind of accessibility for travelers, who will now be able to have their Visa cards accepted anywhere in the world that payment technology exists.
Three ways to pay with FlexPerks Travel Rewards Visa
Although U.S. merchants have largely stuck with outdated magnetic stripe technology, the rest of the world has moved forward to more secure ways to pay with a credit card. EMV technology relies on a microchip that is much harder to hack or duplicate than a magnetic stripe. EMV cards and card readers are the norm throughout Europe, and are currently being rolled out in Canada and elsewhere around the globe.
Added security for U.S. Bank Visa cardholders
As a result, international travelers may have difficulty paying with American cards that are equipped with nothing but a magnetic stripe. By providing added security and accessibility while abroad, the addition of an EMV chip makes the U.S. Bank FlexPerks Visa a smart choice for anyone who travels often for either pleasure or business. In addition, Visa payWave technology allows cardholders to complete transactions faster with contactless card readers throughout the U.S.
U.S. Bank will roll out 20,000 of these new dual interface cards in an initial offering this month, and intends to continue offering the new cards to thousands of other customers in the coming year.