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Coin

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Re: Coin

#201

Post by kevincrane »

jhandl wrote: post #190
nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

I love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

Out of curiosity, what do you do that requires 16 cards on a regular basis? At some point, the limiting factor of how many cards you can carry becomes your pant pocket (or purse). My jeans wouldn't stand more than a few cards and far less than 30.

Re: Coin

#202

Post by tmoullet »

nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

My latest Visa credit card has the numbers printed onto the plastic; the numbers are not relieved/raised. How do you take a physical imprint of these types of cards?

Re: Coin

#203

Post by bmm6o »

kintamanimatt wrote: post #117
RandallBrown wrote: post #112

Earlier quoted context omitted.

From the looks of it, it will handle rewards cards and whatnot just fine. If I could just store my Qdoba, Panera, Gameworks, Dave and Busters, REI, Best Buy, Safeway, Kroger, etc. cards on one single card. Now I can keep as many rewards cards as I want, without having to stuff my wallet full of junk I don't need 99% of the time. The money I save from rewards cards I wouldn't normally carry would probably pay for the…

I think you've misread what I wrote. It might be able to handle rewards cards, but the card itself becomes a bottleneck because it can only function as one card at a time. I'd have to select the rewards card, have that swiped, then fumble with the card again to select my payment card and proceed to pay. It seems like a ghastly hassle. If I had this I could see myself using this for rewards cards only. But then again,…

A "ghastly hassle"? If I don't use this it's because I only carry a few cards and so I don't have the problem it solves, not because of the solution itself.

Re: Coin

#204

Post by saidajigumi »

kintamanimatt wrote: post #142
doughj3 wrote: post #123

Earlier quoted context omitted.

> Oops, now your boss wants to know why you just paid for your groceries on the business credit card and you have to explain that you cloned your business credit card and there was a mistake!! I'm not sure how every corporate card works, but I have accidentally made purchases on a Corporate Amex before and it's not a problem. I just pay that part off myself and don't mark it to be expensed. Don't see this as a proble…

I know mistakes happen and things do get charged to the wrong card, but can you imagine your boss being a happy bunny if he or she found out you've cloned the card?

At a minimum, cards should be issued to a specific person and immediately revoked when no longer authorized. If this infrastructure is in place, why should the employer care?

If it's not, then we're assuming a shared account, which increases the risk exposure for normal loss, theft, etc. by the number of people using that account. Can you afford to have your organization's payment ability severely hampered because a field rep got mugged?

Re: Coin

#205

Post by joshdance »

Can Mastercard or Visa prevent or try to prevent this? Also what about cards that are shown example Costco?

I just wish my phone did all stuff related to money.

Re: Coin

#206

Post by nmcfarl »

joosters wrote: post #166
ams6110 wrote: post #134

Earlier quoted context omitted.

Every rewards card I have is a scanned barcode, not a mag swipe.

Same here. Speaking of which, surely someone has written a phone app that will scan and display all your barcoded cards on demand?

Lemon wallet will do this - though I've had very mixed success using it, with barcode readers.

Re: Coin

#207

Post by MiguelHudnandez »

jhandl wrote: post #190
nlh wrote: post #167

SUPER clever idea -- kudos for that. In theory, this is awesome. As a consumer, I love it. As a merchant, however (which I am), there is no chance I would accept this. None. Unless the issuers (that is, Visa, MC, Amex) drastically change their policies, which I don't see happening anytime soon. Why? Because the issuers are very clear about a few things: When push comes to shove and it REALLY gets down to it, unless t…

I love the idea behind Coin but what I need is a fat wallet. I carry 19 cards, of which 16 are essential. Some of them are not for swiping so they wouldn't benefit from Coin. The solution for me is a wallet that can hold 20 to 30 cards, but as far as I can tell there's no such thing.

I think in your scenario, a good fit would be a cigarette case that you'd keep in your front pocket.

I'd love to have one with a classy finish and that would block NFC signals from leaking.

I ended up ditching all but essential cards and got down to five. One debit, credit, health insurance, license, and AAA.

Re: Coin

#208

Post by timmins »

sixQuarks wrote: post #165
pbreit wrote: post #160

I worked on a product like this at Amex about 20 years ago and while it was a totally neat concept it was completely stupid in practice. All those plastic cards are marketing vehicles that can also transmit a number. And, really, are they that difficult to manage?

Hey, the cool hipster dude with a beard says it's cool, so it has to be. Seriously though, they did a fantastic job with the overall experience of the landing page/video. The product, however, is not that great.

Cool hipster dude = Adam Lisagor. Really smart fellow with a history of success.

Re: Coin

#209

Post by thatthatis »

tedivm wrote: post #195
thatthatis wrote: post #180

Earlier quoted context omitted.

Wait, is it easy to toggle cards or hard to toggle cards? I don't think you can have it both ways.

My phone, like many others, has a simply way to lock it so it doesn't accidentally call it. That doesn't make it difficult to make phone calls, it just makes it difficult to accidentally make phone calls. I can imagine multiple ways they can handle this, all of them fairly trivial.

I didn't see any concept of locking in their video or faq. I hope you're right and that this either has that in v1 or is added in v2.

Re: Coin

#210

Post by ckdarby »

gagege wrote: post #12

For some reason, all the cards I keep in my wallet get destroyed. I have a decent leather wallet but they still crack and chip and the paint rubs off. I don't know if I want that to happen to a $100 device. Does this happen to anyone else? It has happened with the last two wallets I've owned.

Some of the cards in my wallet are 7 years old and are in the same shape aside from the faded colors.

Clearly you need a better wallet >_>

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