To combat fraud, Visa wants to track your smartphone

[Jonathan Fairfield]

To combat fraud, Visa wants to track your smartphone

NEW YORK (AP) — Those days of calling your bank to let them know that, yes, you really are in Thailand, and yes, you really did use your credit card to buy $200 in sarongs, may be coming to an end.

The payment processing company Visa will roll out a new feature this spring that will allow its cardholders to inform their banks where they are automatically, using the location function found in nearly every smartphone.

Having your bank and Visa know where you are at all times may sound a little like “Big Brother.” But privacy experts are actually applauding the feature, saying that, if used correctly, it could protect cardholders and cut down on credit card fraud.

Read more: http://tech.thaivisa.com/combat-fraud-visa-wants-track-smartphone/4612/

[A1Str8]

Technology is a two edged sword. But this big brother bs is irritating.

[NeverSure]

No way. I'll go out and get a dumb phone first.

[Xircal]

You're likely to incur huge roaming bills if you continue using a foreign SIM on arrival in Thailand or any other country.

I always buy a local SIM while I'm here, but my own bank won't accept any number other than the one which is registered with them, so I expect the same will apply to VISA.

[rabid old goat]

only put your bank sim in when you want to do a transaction. have more than 1 sim. that'll fix these snooping bustards

will be a PITA if you lose your sim/phone when os.

Edited February 14, 2015 by rabid old goat

[gk10002000]

BS. they just want to gather data on where you go, live, shop, travel etc. Anyway, even if they knew you were in Thailand, that doesn't stop fraud. You could be in Thailand and that is where your card is stolen!