221–230 of 367 posts
Hey 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 :)
Questing: Why is this US only, and why doesn't it say so right at the start? :(
The main purposes of this product are to be able to mask your marketing data (name, address, phone) to businesses, and to mitigate damage in the event of a data breach (any stolen card numbers are useless).
It's not going to prevent a government entity from subpoena'ing your records and finding out what you've bought. Also, if you're buying anything that needs to be, you know, shipped or emailed to you, you're kinda going to have to give a valid address. Under the default settings, they also include the merchant information in the feed back to your bank, so your bank still gets all of the info on where you're shopping and what you're buying.
Finally, I am very skeptical of their claim about walking away from subscriptions and trials. Sure, in theory, you make it much harder for vendors to track you down, but by law, you're agreeing to pay for the company's services when you accept their agreement, and if they do bother to subpoena your information and come after you, if they find out that you presented them with a fraudulent name, phone number and address, I don't expect that would go well for you in court.
Hey 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 have one question: how? How can you fund my card at the time of payment, if you get my money through a wire transfer? By the time the money arrives, the merchant will have cancelled my purchase, no?
Earlier quoted context omitted.
>Privacy.com co-founder here Tell me about AVS please. Existing virtual card services have me covered on the virtual card front - both cost and (limited) privacy. I want something that gets me past the virtual card + AVS issue. All the virtual card providers seem to suck on this front...
No card issuer is going to verify a transaction of any significant value without AVS. AVS dropped fraud rates on card-not-present transactions dramatically, and it'd skyrocket without it.
irl, Card acquirers do verify transactions without AVS, but they charge higher provided the merchant can demonstrate pre-transaction fraud mitigation
>AVS dropped fraud rates on card-not-present transactions dramatically, and it'd skyrocket without it.
AVS was less than moderately effective 6-7 years back, but it's less effective now, almost not at all. Most "researchers" have the card dumps with the addresses already so AVS does nothing to decrease the attack surface. Pre-transaction approval risk mitigation and post transaction fraud review is the only thing that works.
Earlier quoted context omitted.
The point is they can't charge you again. I'm struggling to see what you are getting at here.
They may be able to still bill you and you may be legally obligated to pay, you are just taking away their way of automatically collecting the bill. You may still actually owe the bill; just because you didn't pay a bill doesn't mean you don't owe the money. All this depends on the company, what you signed up for, if it was a contract, the TOS, etc, etc, etc. For a real silly example to illustrate - lets say I signed…
Wish they explained this better: "Please ensure this information is accurate. We're required to verify this information against public records . But don't worry, we'll keep it private." I suppose I'm legally opening a bank account, which has similar requested info as this, but are they checking my credit (probably not, I know, but it makes me uncomfortable)? Will wait a while.
Is this Final without a physical card? https://getfinal.com/