441–450 of 720 posts
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I've been to a bar recently where they didn't have to hold my card to keep a tab open. So much more convenient!
We are all deeply moved by the future of bar tabs not holding credit cards :) In all seriousness, most bars hold a CC and ID for a tab.
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So that's why this video was so confusing to me. It was essentially this guy sliding someones card (he claims it's his, but neither the device nor the card know, right?) and then happily paying stuff with it through his fake replica (or the high-tech version of it, the 'coin'). It seemed like a completely unusable system for it's complete lack of any security. (Particularly if you consider there are now live payment…
Theoretically, the creators of coin can implement some sort of security in these sorts of situations: 1) They require you to register this "coin" device 2) They require you to add some banking account details Now, if you were to "clone" someone else's card without their permission, the trail would lead directly to you...
I don't think so, there's also no way for anyone to trace the transaction back to them
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.
It's paper thin, but strong enough that it hasn't fallen apart after years of use. It only has 6 pockets though, so it's not going to separate all of your cards.
I'm guessing the Coin pre-order is why Protean sent me an email yesterday reminding me they exist: http://getprotean.com Their Echo card is exactly the same idea, with some minor variation in implementation. It has not yet launched. As far as the concerns voiced here (accidental button presses, etc.), Chris Bartenstein, a Protean co-founder, has addressed some of that in the comments on this TechCrunch story: http://…
http://www.slideshare.net/balanon1/code-michigan-without-com...
Its not always the first product to ship that wins, its the best product that ships. I've seen the product evolve and the echo card is worth the wait.
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…
Earlier quoted context omitted.
Theoretically, the creators of coin can implement some sort of security in these sorts of situations: 1) They require you to register this "coin" device 2) They require you to add some banking account details Now, if you were to "clone" someone else's card without their permission, the trail would lead directly to you...
so, you think they'll accept liability for fraud? I don't think so, there's also no way for anyone to trace the transaction back to them
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How on earth is that going to work? Theoretically at least, you can't clone an EMV card. That's kind of the point.
Theoretically, you can put a large number of payment applications on a single EMV chip already, and a transaction will either use defaults or present you with a choice. Unfortunately cross-bank and cross-scheme cooperation has never been there to the extent that this has been possible so far.
I see it on every terminal I use here in France, so it seems to somewhat work already here.
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…
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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.
Shopping for a new bank, for many reasons.
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 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…