I'm a little unclear on this--does Card.io handle the payment processing too, or just the card capture itself? If they don't handle the payment processing, how does the card number get passed along?
Card.io - fast and easy mobile credit card scanning
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Re: Card.io - fast and easy mobile credit card scanning
#32(Full disclosure, I'm a stock holder in Square) There are two good reasons Square doesn't do this that I can think of off the top of my head. First, CNP vs CP card processing rates. http://en.wikipedia.org/wiki/Card_not_present_transaction Every credit card has the CC number encoded in to the back of the card, but in addition to that, it has a couple bytes of extra information. That extra information qualifies the me…
On the other hand, Square requires a merchant to have particular hardware to receive payments (swiper), this method does not. Good point on the CNP vs CP though, I never knew about that.
Re: Card.io - fast and easy mobile credit card scanning
#33Earlier quoted context omitted.
Also did you notice its 15¢ per scan!! I believe it will add on to the 10¢-15¢ + percentage merchants have to pay to the processor per Transaction.
Yeah, this matters way more for transactions less than 5 dollars where it starts to be a large %. If you go to 100 dollar range, it doesn't matter at all. The 10-15 cents just means they are looking for people who sell big things, not coffee shops.
Or lots of little things over time. The user only needs to scan the card the first time.
Re: Card.io - fast and easy mobile credit card scanning
#34This looks awesome. One thing I could see becoming an issue is in your best case scenario. Say things are wildly successful and people come to expect that merchants will be taking a pic of your credit card with their phone. So you easily hand over your card to some random person to take a pic of it - assuming they are using Card.io. However, what is to prevent nefarious people from just taking a pic with their own ap…
> Say things are wildly successful and people come to expect that merchants will be taking a pic of your credit card with their phone. So you easily hand over your card to some random person to take a pic of it - assuming they are using Card.io.
When you're sitting in a restaurant and hand over your credit card, the waiter is now in total posssesion of it.
They could take a picture of it.
They could go to their laptop and make purchases from China.
They could run out the backdoor and never return it.
Handing over your credit card is a common enough thing, because you are protected from fraud by the credit card companies policies---not by your own regard for if the person you're giving your card is trust worthy or not.
Re: Card.io - fast and easy mobile credit card scanning
#35Looks pretty cool, but wouldn't apple screw you? I don't think they'll like this, they want users to buy with the app store.
Thats true. I don't think anyone yet has thought about that. Nonetheless, it's a interesting idea. For me, I don't know if I'm comfortable with taking a picture of my card. But who knows.
Re: Card.io - fast and easy mobile credit card scanning
#36Constructive criticism: This is an example how how the illusion of a beautifully designed, professional-looking site is easily burst by an amateur how-to video.
Re: Card.io - fast and easy mobile credit card scanning
#37Earlier quoted context omitted.
CardMuch, Checks are both examples of me taking a picture of something I own (check, biz card) using my own cell phone. Card.io is someone else taking a picture of my credit card, using their cell phone. In the first two examples, I have control and ownership. In the last example, I have ownership (of the data/card) but no control of the software. Anything that increases conversions is great! Best of luck! I look for…
I may be wrong, but I believe the premise behind card.io is that you buy something in an app (a good old in app purchase), and instead of typing in all your credit card info, you simply take a picture of your credit card for payment. Doesn't seem that card.io is trying to get merchants to use this as a Square replacement at this point.
timjahn, you're right (I've seen it in action). Users will be scanning their own cards for purchases made on third party apps. It's really slick.
Re: Card.io - fast and easy mobile credit card scanning
#38When I buy stuff online then I always make sure the browser's sending data over HTTPS (both on my mobile & desktop). I don't think I'd trust a 3rd party app to safely store and transmit my credit card data. Even non-technical people know to "look for the padlock". Have there been any usability studies to see if users are happy scanning their card from an app?
Re: Card.io - fast and easy mobile credit card scanning
#39This looks awesome. One thing I could see becoming an issue is in your best case scenario. Say things are wildly successful and people come to expect that merchants will be taking a pic of your credit card with their phone. So you easily hand over your card to some random person to take a pic of it - assuming they are using Card.io. However, what is to prevent nefarious people from just taking a pic with their own ap…
This is Mike from card.io. That's a great suggestion - we'll be watching the user experience very closely and will give your idea some thought! Based on developer interest, a common use case will be scanning your card from an app on your own phone - in that case, you're scanning your own card, and you're in control. But this us a great suggestion for retail usage. Thanks!
Just throwing it out there...and the truth is...it might not even materialize...but you never know.
Re: Card.io - fast and easy mobile credit card scanning
#40This looks awesome. One thing I could see becoming an issue is in your best case scenario. Say things are wildly successful and people come to expect that merchants will be taking a pic of your credit card with their phone. So you easily hand over your card to some random person to take a pic of it - assuming they are using Card.io. However, what is to prevent nefarious people from just taking a pic with their own ap…
> Say things are wildly successful and people come to expect that merchants will be taking a pic of your credit card with their phone. So you easily hand over your card to some random person to take a pic of it - assuming they are using Card.io. When you're sitting in a restaurant and hand over your credit card, the waiter is now in total posssesion of it. They could take a picture of it. They could go to their lapto…
That may be true, just saying....it could provide another avenue of fraud if the best case scenario does play itself out.
Not saying other avenues of fraud don't exist or cardholders aren't as vulnerable without it.
Just stating what I think will likely be a side-effect, that these guys should at least pay attention to.