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Stripe Issuing – An API for creating physical and virtual cards

stripe.com

91–100 of 217 posts

Re: Stripe Issuing – An API for creating physical and virtual cards

#91
Are CC numbers always unique? Or can there be multiple people with the same number but different expiry codes (or others).

I always wondered if we'd run out of cc numbers. 10^16 is a big number, but take out the checksums and unused blocks I'd guess we're down to only a few thousand per person.

Re: Stripe Issuing – An API for creating physical and virtual cards

#92
post #68

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Hopefully increasing the response time to > 2s (whether it's settable in the API or just has a longer timeout) is on the roadmap, I can think of lots of future use cases where you would want a human in the loop on authorizations.

Looks like a great product and props to you and your team for shipping this.

Re: Stripe Issuing – An API for creating physical and virtual cards

#93
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.

Re: Stripe Issuing – An API for creating physical and virtual cards

#94

A couple of very important questions, which are not addressed on the landing page: 1. Who is the back-end issuer of the cards? 2. Are we talking credit, debit, or both? 3. What are the associated fees (issuance, re-issuance, branded issuance, charges)? 4. Is there any interchange revenue-sharing and if so, in what percentage?

On the landing page, you can see that it’s debit.

Re: Stripe Issuing – An API for creating physical and virtual cards

#95

Earlier quoted context omitted.

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

Been waiting for something like this for a while. Much nicer if you can keep a ledger of these auth'd cards and revoke if need be.

I've wanted something like this for a long time as well. The ability to generate and discard one-off card numbers. Much less worry about those card numbers leaking, unauthorized transactions, etc.

Re: Stripe Issuing – An API for creating physical and virtual cards

#96
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

Privacy.com is doing this today although it’s a debit card (AFAIK).

Re: Stripe Issuing – An API for creating physical and virtual cards

#97
post #92
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Hopefully increasing the response time to > 2s (whether it's settable in the API or just has a longer timeout) is on the roadmap, I can think of lots of future use cases where you would want a human in the loop on authorizations. Looks like a great product and props to you and your team for shipping this.

I can also imagine of lots of future, intensely frustrating use cases where a user scans their card in a line at a point-of-sale, or is waiting on a "Confirming purchase, please wait" page on a website while your human in the loop puts this approval on hold for a few minutes until your cell phone finally rings.

Currently, human-in-the-loop approvals do happen, but they happen long after the purchase goes through - ever gotten a call from your bank's card services department as you were leaving a gas station on a road trip? Much more convenient for the common use case where the human approves the transaction than the rare cases when the bank is on the hook for the stolen gas.

Re: Stripe Issuing – An API for creating physical and virtual cards

#98
post #68

This is really impressive, like the rest of the Stripe API! Although many people here are asking about creating virtual banks and issuing cards to customers, it appears that the intended audience of this API is a business that has a Stripe account, that wants to be able to issue cards to employees/trusted officials that charge against that single Stripe account. There is no mention of issuing cards to external custom…

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

Do you think this API could be used to create non-card payment tokens? For instance an implanted Java card like the VivoKey[0]?

[0]https://vivokey.com/learn-more.html

Re: Stripe Issuing – An API for creating physical and virtual cards

#99
post #68

Earlier quoted context omitted.

(I work on Stripe Issuing.) We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc). To your two other questions…

As a credit card customer it would be nice to be able to generate one or more temporary cards (physical or not), which are authorized for one transaction only, but are otherwise identical to my main card. That way I can use it with a merchant I simply don’t trust to have their act together, then safely toss it in the trash.

Citibank already offers this feature on their credit cards, I believe: https://www.cardbenefits.citi.com/Products/Virtual-Account-N...

Re: Stripe Issuing – An API for creating physical and virtual cards

#100
post #94

A couple of very important questions, which are not addressed on the landing page: 1. Who is the back-end issuer of the cards? 2. Are we talking credit, debit, or both? 3. What are the associated fees (issuance, re-issuance, branded issuance, charges)? 4. Is there any interchange revenue-sharing and if so, in what percentage?

On the landing page, you can see that it’s debit.

Really? It may be an A/B test with different copy, because I don't see anything.
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