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Geode from iCache (2012)

kickstarter.com

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Re: Geode from iCache (2012)

#11

Post by jlas »

xpop2027 wrote: post #7

I am surprised no one has mentioned Loop yet, it is a step in the right direction regarding Mobile Wallets: kickstarter.com/projects/loop/pay-with-loop

This is a neat concept; transmitting credit card data to existing point of sale terminals via a magnetic field. This mimics the effect of swiping a card, essentially hacking the traditional system.

Re: Geode from iCache (2012)

#12

Post by cykod »

I got one of these, it was brutal.

Switching cards was something like a 30 second process, which meant that instead of taking a card out, you had to open up the app, wait for it to load, wait an extra 10 seconds for it to connect to the Geode, then use the painfully-slow app. All to not carry a card in your wallet.

And on top of it - the two times I tried it at restaurants the card itself didn't work.

Re: Geode from iCache (2012)

#13

Post by jasonlaramburu »

xpop2027 wrote: post #7

I am surprised no one has mentioned Loop yet, it is a step in the right direction regarding Mobile Wallets: kickstarter.com/projects/loop/pay-with-loop

That's badass, but seems tricky at a sit-down restaurant-- I wouldn't want to have to give my phone to the waiter and explain to him how to use it. Also wonder if this works with the square dongle.

Re: Geode from iCache (2012)

#14

Post by azinman2 »

jasonlaramburu wrote: post #13
xpop2027 wrote: post #7

I am surprised no one has mentioned Loop yet, it is a step in the right direction regarding Mobile Wallets: kickstarter.com/projects/loop/pay-with-loop

That's badass, but seems tricky at a sit-down restaurant-- I wouldn't want to have to give my phone to the waiter and explain to him how to use it. Also wonder if this works with the square dongle.

Exactly. It's also quite ugly and now bulking up your keychain. Coin fits into my money clip and (theoretically) can be handed to others to use.

Re: Geode from iCache (2012)

#15

Post by therobot24 »

jlas wrote: post #2

Compared to Coin, the Geode project had a similar vision albeit with greater aspirations. Here is an article about the aftermath: http://www.postandcourier.com/article/20130331/PC05/13033992... .

wow, at least they shipped something, even though it's really shady and generally worthless, they actually created a product as opposed just posting an update of "out of money, sorry" or completely disappearing

Re: Geode from iCache (2012)

#16

Post by aaronbrethorst »

Here's the deal: Kickstarter projects that depend on a specific form factor of the iPhone will fail. If they actually manage to ship, they're inevitably going to take longer to ship than they intend to, and—by the time they do—Apple will have released a new device that:

* has a new connector

* has a new form factor

* or, who the hell knows...

...that renders the Kickstarter project's goal irrelevant or unusable.

Re: Geode from iCache (2012)

#17

Post by dangrossman »

rasengan wrote: post #10

If I understand this correctly, wouldn't the following steps effectively mimic this technology? 1. Get Paypal. 2. Verify Paypal Account. 3. Get Paypal Debit Card. 4. Setup several CCs in Paypal. 5. Maintain $0 balance in Paypal. 6. Setup backup source of funding for Debit Card. 7. Make an app that simply logs into Paypal to set the backup source of funding to another card at the touch of a button. 8. Get an NFC stick…

The problem is that the MID/MCC of the store you shop at won't be passed-through to your real credit card (as PayPal's the one charging that card, not the store). You wouldn't get category-specific rewards (5% on groceries, 3% on gas, etc), which is one reason people carry multiple cards on them in the first place.

Re: Geode from iCache (2012)

#18

Post by hayesbh »

therobot24 wrote: post #15
jlas wrote: post #2

Compared to Coin, the Geode project had a similar vision albeit with greater aspirations. Here is an article about the aftermath: http://www.postandcourier.com/article/20130331/PC05/13033992... .

wow, at least they shipped something , even though it's really shady and generally worthless, they actually created a product as opposed just posting an update of "out of money, sorry" or completely disappearing

They shipped something to some people, and nothing to others. They shipped me an initially defective pair of cases, said they'd happily replace them, took them back and shut down the company without ever replacing them. These guys took a lot of people's money and left them with nothing to show for it. I've been extremely hesitant to Kickstarter anything since.

Re: Geode from iCache (2012)

#20

Post by bjeanes »

I got one of these. It was so so so bad. I got sent a replacement just in case mine was faulty and it was just as broken but in different ways. The quality control seemed poor at the very least. I hope coin succeeds here and manages to come out with a v2 with a cheap that can be programmed (with bank support, obviously)
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