661–670 of 720 posts
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Except at the post office, which will outright refuse any card that is not signed.
Technically, the card isn't valid unless signed. Most credit card companies prohibit the "See ID" that some people put on their cards in place a of a signature.
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As far as "gobbling the card" is concerned, their FAQ states that they can only be used with "dip" ATMs, which may also address the button pushing issue. EDIT: More details from the FAQ: Q. Can someone accidentally change which card is selected on my Coin? A. We’ve designed the button to toggle cards in a way that makes it difficult to trigger a "press" unintentionally. Dropping a Coin, holding a Coin, sitting on a C…
Surely you'll get a waiter that will be curious and intentionally press the button... then what do you think happens?
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://…
Doing hardware is hard. Protean's CTO, Henry Balanon, spoke at the Code Michigan civic hackathon on that very subject: 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…
Some POS systems ask the cashier to type in the last 4 digits of the imprinted number on the card, which wouldn't work for this. I also know of several merchants (Hertz was one, a casino was another) that actually runs a card through a scanner and records an image of both the front and back. There are several scenarios where this wouldn't work. On the other side of it, I love the idea, and the only way to get merchan…
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But how many of the cards in your wallet could be replaced by Coin? For me it's maybe three. If it can't replace nearly all of them it seems pretty pointless to me - I'm still going to be carrying my wallet, it'll just have two fewer cards in it. Yay? In any case, it does seem odd to build a business around something that is virtually guaranteed to be extinct in a few years time.
What about bars? A lot of bars I go to hold onto your card until you tab out. I'd hate to keep getting notifications about losing my card every time I'm out on the town. When you go back up to the bar, they ask what your name is to tab out. I didn't see anything on the Coin to do that. I also wouldn't want the bartender to press the button and change to a business account or something similar. I'm not being a hater,…
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As an avid road fan, I've been in 47 out of 50 states (no Hawaii, Alaska or Vermont) and roadtriped around 50.000 miles, in the course of 7 years. I've stayed in hundrends of small cities, from Ogalala, NE to Ozona, TX and Oatman, AZ, and used my credit cards for all kinds of purchases, from Kroger and CVS, to outlet stores, gas, local shops, small eateries, fast food places, restaurants etc. Never had a vendor inpri…
Imprinting happens a lot at hotel check-ins, in my experience. They will often imprint your card onto their copy of the check-in document.
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Credit card fraud is generally not a problem in the US for consumers or the credit card companies, the two groups that would be in a position to adopt a new credit card technology. The merchants accept all the liability in the US credit card system, and they're at the mercy of the credit card company's policies, and the consumer's desire to use their card of choice or go somewhere else. As a consumer, I avoid cash-on…
I love cash-only places. You know all your money is going to the hard working people making your sandwich instead of the big four credit card corporations.
In reality, much of your money is going to huge companies that supply their products, like Sysco.
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Technically, the card isn't valid unless signed. Most credit card companies prohibit the "See ID" that some people put on their cards in place a of a signature.
I dont sign my cards ever, why would I want a thief to see what my signature looks like?
It's all very silly anyway given that online credit card transactions almost never require a signature.
Quite honestly though, once a thief has access to your card, you have other problems. If they're close enough to see it, they're likely close enough to duplicate it and leave you the card with you ever knowing.
If the signature is that concerning, then use one signature consistently for your credit card transactions that's unlike the one you use for anything else.
If you don't like that option, then you probably shouldn't be using credit cards currently offered.
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Technically, the card isn't valid unless signed. Most credit card companies prohibit the "See ID" that some people put on their cards in place a of a signature.
"See ID" is also a signature if done own handed. I've seen a court decision to the effect that you can declare your signature anything you write. Important is if _you_ accept it as such later on.
But writing "See ID" on the back of the card and then using a completely different signature on the receipt is not acceptable as far as I know.