11–20 of 182 posts
Ships 2014, EMV liability shift 2015. So these are good for about a year or so.
Ships 2014, EMV liability shift 2015. So these are good for about a year or so.
What does that mean? EMV liability shift?
Coin is betting the EMV deadline will be pushed out indefinitely or is using this gadget as a trojan horse for something bigger.
Ships 2014, EMV liability shift 2015. So these are good for about a year or so.
What does that mean? EMV liability shift?
Ships 2014, EMV liability shift 2015. So these are good for about a year or so.
Maybe in the EU. The US is dragging its feet on the whole PIN/CHIP migration. I had to specifically request my Platinum Amex have a chip on it, and Amex still doesn't support pin and chip with it, only chip and signature (which means it still fails often enough for me in the EU to be a pain).
*the remainder of the world.
> The US is dragging its feet on the whole PIN/CHIP migration.
Merchants are dragging their feet. The liability shift deadline is instituted by the card schemes themselves.
This product is overly restricting it's market, I feel, since in Europe EMV (or "chip and PIN" as it's known in the UK) is ubiquitous. Payments worldwide are moving over to this system from magnetic strip cards, so I fear that this (useful) product has been invented too late once the tech it relies on is already speedily in decline! I imagine, due to how the cryptography works, it might not be as simple to create a p…
I will be hesitant to purchase without an incredibly transparent security policy.
Also, shouldn't the merchants be checking the signature on the card?
I think one of the hardest things about having one would be convincing retailers you're not trying to somehow scam them. Especially in the case of loyalty cards. Sure I CAN load my card onto the Coin, but what is a merchant going to do when I pass them something strange that looks nothing like their card?
However, if you mean a gift card with pre-loaded money, things may be different, but then it'd probably be a similar reaction if you tried to use Coin instead of a proper debit/credit card?
Earlier quoted context omitted.
Maybe in the EU. The US is dragging its feet on the whole PIN/CHIP migration. I had to specifically request my Platinum Amex have a chip on it, and Amex still doesn't support pin and chip with it, only chip and signature (which means it still fails often enough for me in the EU to be a pain).
> Maybe in the EU. *the remainder of the world. > The US is dragging its feet on the whole PIN/CHIP migration. Merchants are dragging their feet. The liability shift deadline is instituted by the card schemes themselves.
What happens in the EU doesn't always effect the US, and vice versa.
I will be hesitant to purchase without an incredibly transparent security policy.
I can't tell from the site if your card data is stored on your phone or not. If it is, then you're going to have to replace all of your cards if you lose your phone. Also, shouldn't the merchants be checking the signature on the card?