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Coin

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Re: Coin

#671

Post by bennyg »

xauronx wrote: post #666
bennyg wrote: post #339

Earlier quoted context omitted.

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,…

Isn't that actually an amazing feature though? Low energy bluetooth can give you a decent range (and some range detection). Wouldn't it be great to tell it to notify you only when you leave a larger radius. Unless you're in a GIANT bar, it could actually help keep you from leaving your card behind accidentally.

Yeah I guess part of it is a good feature, depending on if it lets you do this. But that's still in cahoots with the other "bugs" if you will stopping it from actually being useful in this scenario.

Re: Coin

#672

Post by wtbob »

MiguelHudnandez wrote: post #331
wtbob wrote: post #313

Earlier quoted context omitted.

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.

For me, the money clip and keys are in the right pocket, and the smart phone goes in the left front pocket. The keys and money clip are distinct enough that I have no problem pulling out the right thing. And the keys are not going to damage the money clip like they would damage the phone.

I feel that the money clip and keys create too large a disruption in the line of my trousers, esp. with the newer fitted trousers.

Also, with the fitted slacks it's harder reach past the keys to the money clip or vice versa.

Re: Coin

#674

Post by brk »

wil421 wrote: post #661
binarycrusader wrote: post #585

Earlier quoted context omitted.

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?

Seems like you wouldn't get much use out of them then. I get asked for signature verification at least a few times a week.

Re: Coin

#675

Post by joshaidan »

While there are perhaps many issues regarding whether or not merchants will accept this product for payments, one thought occurred to me.

What happens when merchants/banks start offering the ability to make purchases using your smartphone? Doesn't that render this product obsolete? (if I'm not mistaken, you need a smartphone to set it up)

Re: Coin

#676

Post by bigdubs »

Wintamute wrote: post #673

Will this work with chip and pin and/or paywave style contactless payments in Europe?

If it did that would be a huge selling point for those of us in the US that travel overseas.

Re: Coin

#678

Post by bonestamp2 »

Stealth- wrote: post #560
Mister_Snuggles wrote: post #558

Earlier quoted context omitted.

Canada already went through this. It started with the POS terminals, then gradually the cards were replaced with chip cards, then gradually the text on the terminal changed from "Swipe card" to "Swipe or Insert card". From a consumer perspective, it was virtually painless. The biggest change is that credit card transactions now require a PIN (assuming a chip card and chip-enabled POS).

Just finishing going through this in my province. The latest transition is that all gas pumps now suddenly require me to leave the card in. Yay for Chip and Pin!

That's terrible, so many cards will be left behind.

Re: Coin

#680

Post by bonestamp2 »

WesleyJohnson wrote: post #665
downandout wrote: post #477

Earlier quoted context omitted.

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…

The display on the coin shows you the selected card, the expiration date and the last 4 digits of said card. So I believe your first point is moot, assuming the display stays active at all times or for a long enough duration that the cashier can get the last 4 digits as needed.

You're right that it displays the last four, but the whole reason why the cashier has to type in the last four digits is a check that the physical imprinted numbers on the front of the card match the data on the magnetic stripe.

Typing in the last four on the coin completely bypasses this anti fraud measure since the last four will always match on the coin because the digits it displays come directly from the magnetic stripe data.

Cool product. I want it to work, but I fear it won't be widely accepted.

That said, if they were to license the visa and mastercard logos for it, that would probably be enough to get it accepted during most transactions by cashiers who aren't savvy or don't care.

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