This wouldn't work in the UK, we use chip and pin here. It's extremely rare these days to find a place that will swipe your card and loosely verify your signature.
Coin
311–320 of 720 posts
Re: Coin
#312SUPER 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…
Many credit card companies are starting to issue new cards which are completely flat, making it impossible to make imprint. My new CapitalOne card is an example of this. Is your company planning on refusing to do business with them?
My Discover Card is like this as well. Totally flat, no ability to imprint.
Re: Coin
#313Earlier quoted context omitted.
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.
I think in your scenario, a good fit would be a cigarette case that you'd keep in your front pocket. Eurpean here. I was shocked to learn many USAian men keep their wallet in the back pocket. How do you sit on that?
I have a money clip, a smart phone and keys. Phone needs to be in a front pocket so that I don't sit on it and break it. Keys need to be in my front right pocket so that they are accessible and I do not sit on them and never sit again.
Thus my billfold must go in one of my rear pockets.
Re: Coin
#314http://getprotean.com was similarly hyped up last year, hopefully this one delivers.
It looks identical in scope and execution ... someone mentioned they did something at Amex like this 20 years ago, wonder if the patents have expired now.
Re: Coin
#315Earlier quoted context omitted.
I don't know why the US hasn't adopted EMV. It's not perfect, but it has cut down fraud massively here in Europe. They're very hard to clone (I won't say impossible, but attacks against EMV have not generally been of this nature) and the transaction records at both ends will tell you whether the actual, real card was there. The liability is more clear-cut as a result. If the customer claims the charge was unauthorise…
Americans going to Europe: Remember that your credit card might not work as often in Europe. Be prepared for hearing "We only take chip & pin cards here" in shops etc.
Imagine my dismay when a coffeeshop in Amsterdam would not take my magstrip only American Express.
Re: Coin
#316Earlier quoted context omitted.
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.
Here's my list: * Costco membership card * three loyalty shopper cards for my common stores (I need the physical card because none of the apps I've tried using that scan the bar codes work with store scanners) * a card to pay for my train rides, * bank debit card for ATMS * business credit card * personal credit card * medical insurance card (this one would be easy to just use a photo of) * AAA card (would be easy to…
Couldn't you get a combined debit and credit card?
Re: Coin
#317As a former credit card thief I would have loved this. You mean I don't have to buy $10,000 of card printing and embossing equipment to create a fake clone of a card? Yes please!
As a consumer I'd love to have something like this but it will never fly. Stores will lose liability protection since there is no security. Unless they partner with card issues to provide some kind of secure card verification it will end up being banned by merchant agreements. No store in their right mind would accept it.
Re: Coin
#318SUPER 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 don't know why the US hasn't adopted EMV. It's not perfect, but it has cut down fraud massively here in Europe. They're very hard to clone (I won't say impossible, but attacks against EMV have not generally been of this nature) and the transaction records at both ends will tell you whether the actual, real card was there. The liability is more clear-cut as a result. If the customer claims the charge was unauthorise…
My American card has a chip. It is rolling out here.
Re: Coin
#319Earlier quoted context omitted.
I don't know why the US hasn't adopted EMV. It's not perfect, but it has cut down fraud massively here in Europe. They're very hard to clone (I won't say impossible, but attacks against EMV have not generally been of this nature) and the transaction records at both ends will tell you whether the actual, real card was there. The liability is more clear-cut as a result. If the customer claims the charge was unauthorise…
I want chip and pin cards SO BADLY here. Mainly because it would make my trips to Europe a lot easier, where many systems I've encountered won't work on some non-EMV cards.
Re: Coin
#320It's a neat concept, but I just don't think this gets anywhere. Dead in the water - as much as I would personally like to see them succeed. The biggest problems here are security. () Merchants will hate it since there is no physical imprint / swipe of the bank-issued card. This will lead to chargebacks in favor of the customer. So this alone kills this company/product. () Banks might change their terms forbidding cus…
'() Merchants will hate it since there is no physical imprint / swipe of the bank-issued card. This will lead to chargebacks in favor of the customer. So this alone kills this company/product.'
Apparently this criticism is not valid, since physical imprints / swipes are rare in Europe.