[deleted]
Coin
511–520 of 720 posts
Re: Coin
#512This is great. I love it.
I want to know what did the girl do at 0:11 that he had to look away. :D
Re: Coin
#513Earlier 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…
Re: Loyalty cards - you can almost always just enter your phone number at merchants. I've encountered no exceptions to this, but I'm sure they exist.
Re: Coin
#514Love the concept but the security worries me. Looking on the site, there is (as expected) not much information about security. RED FLAGS: * Coin is in the process of earning a PCI certification. This should have been done before launch. Also, what level? * Coin uses 128/256bit for security but HOW and WHERE? * Coin essentially skims cards (through the reader) to playback for terminals. I don't see how they can say wi…
they are "only" doing a preorder, the launch seem to be in summer 2014
Re: Coin
#515Re: Coin
#516I wonder how this would fare in an ATM. What happens if the ATM accidentally presses the card selection button? If the ATM gobbles the card, now you've effectively lost your entire wallet. What happens if the cashier presses the card selection button while running your card too? Oops, now your boss wants to know why you've just paid for your groceries on the business credit card and why you've cloned your business cr…
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…
Most rewards cards are linked to your phone number, which you can use at the POS instead of the card.
Re: Coin
#517Earlier quoted context omitted.
>() The obvious issue of losing Coin and losing everything. People like backups. It's a mindset. I fail to see how Coin is a lack of backups. If having two copies of a card isn't 'having a backup' what is?
You're missing the point here. It's about losing all of your cards when you lose one. And most people aren't going to spend money ($100) on one - yet alone TWO - cards vs. the free cards they get from their banks 24/7. If I lose my Amex, I can walk into an Amex office and get a free card in under an hour. Or have it overnighted for free.
Maybe I'm missing your point. You don't lose the ability to get a new card quickly with Coin (i.e., Coin gets stolen, cancel cards and Amex will send a new one), you just don't gain the ability to get a replacement Coin.
Re: Coin
#518Earlier quoted context omitted.
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.
I didn't realize European automated machines would basically never accept my cards. On a subsequent trip I tried to get chip card, but neither my personal banker nor the branch manager at Wells Fargo had ever even heard of them and insisted I was confused about the problem. Shopping for a new bank, for many reasons.
Yeah. Wells Fargo is just about the worst bank ever. Even says a WF District Manager I know.
Re: Coin
#519SUPER 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…
The US is shifting to EMV at merchants by 2015, see: http://corporate.visa.com/newsroom/press-releases/press1142....
Re: Coin
#520Earlier quoted context omitted.
BTLE tether, card gets deactivated if its not near your phone.
Does deactivated mean erased? From what I understand...there is some sort of memory chip on the card that stores the credit card numbers and info for every card, right? So what is to stop some chip from bypassing the OS that manages the multiple cards and just reads the raw data? Sure, it may be 128-bit encrypted, but if they have the raw dump - then it's just a matter of brute forcing it to eventually crack it...no?…
Brute forcing 128 bit encryption, depending on the algorithm used, is not trivial.
Remember, the difficulty goes up EXPONENTIALLY for every bit you add.