Tested on a few websites and immediately blocked.
Privacy – Forget Your Credit Card
211–220 of 367 posts
Re: Privacy – Forget Your Credit Card
#212Is that something that new? My bank (Itaú, in Brazil) offers this option for some time now. Here(in portuguese): https://www.itau.com.br/cartoes/cartao-virtual/ Or am I missing something? Edit: They launched it in 2002: http://exame2.com.br/mobile/tecnologia/noticias/itau-agora-t... Edit2: Sounds new in the US. This is not supposed to be a bragging/snarky comment. Just genuinely surprised as innovation usually come t…
AMEX has this almost 20 years ago but they stopped it for some reason. I personally loved the feature.
Yeah, I was a user. It was called Private Payments and went back at least as far as 2000.
Here's an interesting article from 2000 [1], declaring it basically unnecessary because cards were safe in transit. Some of the quotes and rationale are hilarious. Definitely from the pre-breach-of-the-month era.
Re: Privacy – Forget Your Credit Card
#213Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)
Out of curiosity - who is your BIN sponsor - Bancorp?
See the bottom of their website - Customers Bank
Re: Privacy – Forget Your Credit Card
#214Earlier quoted context omitted.
Depending on the service, they may send collections after you, and you may be legally obligated to pay. Gyms do this.
That's well outside of what is commonly understood by "one of those pesky free trials". That's some other contract that someone would have to have agreed to. It would be very hard to convince a judge that you honestly believed, based on reading that slogan, that Privacy.com would somehow release you automatically from any terms of any contract you might sign that happens to involve a trial period.
>It would be very hard to convince a judge that you honestly believed, based on reading that slogan, that Privacy.com would somehow release you automatically from any terms of any contract you might sign that happens to involve a trial period.
??????
Where on earth did I say that? Where on earth did I say it would be a defense in court?
It's very misleading advertising. So misleading I think its irresponsible.
Re: Privacy – Forget Your Credit Card
#215Earlier quoted context omitted.
That's well outside of what is commonly understood by "one of those pesky free trials". That's some other contract that someone would have to have agreed to. It would be very hard to convince a judge that you honestly believed, based on reading that slogan, that Privacy.com would somehow release you automatically from any terms of any contract you might sign that happens to involve a trial period.
>It would be very hard to convince a judge that you honestly believed, based on reading that slogan, that Privacy.com would somehow release you automatically from any terms of any contract you might sign that happens to involve a trial period. ?????? Where on earth did I say that? Where on earth did I say it would be a defense in court? It's very misleading advertising. So misleading I think its irresponsible.
You're right, sorry, replace "a judge" for "anyone"
Re: Privacy – Forget Your Credit Card
#216I understand why you need it, and I want this service in a big way, but I'm just baulking at giving you my online banking username and password. Why should I trust you with that?
Privacy uses Plaid on the back-end for this and does not store user credentials.
Re: Privacy – Forget Your Credit Card
#217In case anyone didn't catch what this actually costs, the answer is: 1.5-2%, which is the rate you could get cash back (or airline miles/etc) with good credit. Because this service draws directly from your bank account, and takes what would otherwise be your rewards from the credit card fees their banking partners charge, it provides a nice business model for them at the cost of you getting 0% rewards back. Not worth…
You could think of it like that, or you could think of it as a cheaper Paypal with better privacy.
I for one don't care for the puny rewards which are much smaller than the value of the data they get from me anyway.
Re: Privacy – Forget Your Credit Card
#218Earlier quoted context omitted.
Citi and BOA get away with it because they can allocate out of a large pool of BIN numbers that are otherwise regular use debit/credit cards. These guys will have to figure out how to get a similar "mix" to avoid being flagged as prepaid/single use. This was the issue that ultimately caused PayPal to kill the service they had that was almost exactly the same as Privacy.com.
Why do vendors want to block single-use CC numbers?
recurring subscription websites, and purchase tracking networks.
Re: Privacy – Forget Your Credit Card
#219> Privacy is PCI-DSS compliant. We are held to the same rigorous security standards as your bank. I always giggle when I see that.
My bank's security is a password that is a maximum of 8 characters, no symbols allowed. Seems rigorous.
Re: Privacy – Forget Your Credit Card
#220Hey HN - Privacy.com co-founder here. I'm really excited to share what we've been working on for the past year and a half or so. We've been neck-deep in payments stuff on the card issuing side (getting a BIN sponsor, ACH origination, etc), so happy to answer any questions on that front as well. P.S. For new users, your first $5 donation to watsi.org is on us :)
I had a general question about card numbers. Say there are 3E9 people on Earth, each with 3 cards. That's around 10 digits right there. There's 1 digit for checksum. I imagine you'd want to leave space for least 1000 financial institutions around the world, so that's another 4 digits. Which means you can only have 100 transactions per person. None of this takes into account the fact that the same people are issued wa…
The date adds a few more digits, right?