Why American Express Wants to Kill Credit Cards

Leslie Berland has a curious job. She’s paid to think about all the ways to make her company’s flagship product obsolete.

Berland leads digital partnerships and development at American Express, the company that pioneered the notion that a piece of colored plastic could not only buy stuff but raise your social status. In the future that Berland anticipates, a black card or a gold card won’t mean any more than a purple card, because you won’t have a card at all. Even American Express believes the plastic in our wallets eventually will go away.

By Marcus Wohlsen

Full Story: http://www.wired.com/2014/06/even-credit-card-companies-think-plastics-days-are-numbered/