Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Final – A credit card built for the 21st century

getfinal.com

Post reply on HN
Print view View original

131–140 of 381 posts

Re: Final – A credit card built for the 21st century

#131

Post by dmix »

n72 wrote: post #72
mcdavis wrote: post #41

Earlier quoted context omitted.

It's Adam Lisagor whose video production company Sandwich Video works on lots of startup videos http://sandwichvideo.com/

Which I don't understand. All their stuff has such a hipster aesthetic. I'm not knocking the hipster aesthetic (I don't like it, but that's a whole different conversation), but it's certainly not an everyman aesthetic, which I would think one would want for an advertisement which is supposed to appeal to a wide audience. I'm sure other industries have put a ton of research into this and I assume this is why people in…

When startups launch they aren't trying to go for an everyman angle. That happens while trying to cross the chasm.

Re: Final – A credit card built for the 21st century

#132

Post by joshfraser »

AznHisoka wrote: post #125
pbreit wrote: post #17

Earlier quoted context omitted.

Disposable credit card numbers have been around for decades. The user experience has historically been miserable. Maybe this will be better. Doubt it.

It's been around, but the most user friendly way I found was through a Paypal plugin but they indespicably removed that years ago. Been looking for a more convenient method ever since. Signed up for Final, looking forward to it. Finally someone that wants to get this right.

I loved the Paypal plugin. Never understood why they discontinued it.

Re: Final – A credit card built for the 21st century

#133

Post by dpeck »

bicknergseng wrote: post #88

"A credit card built for the 21st century" is an oxymoron. It's like saying a car phone built for the 21st century. For the love of all that is holy and sacred, please eliminate the need to carry cards at all. Just let me pay with my phone. Put my drivers license, health insurance card, membership cards, gift cards, car keys, and payment methods into my phone. All of this already exists in some form or another, but A…

Its coming, but theres about 3 decades of PoS systems that need to be phased out, and even then there needs to be a clear winner (or maybe 2/3) in the space before you're going to see adoption at the walmart and mcdonalds of the world.

Re: Final – A credit card built for the 21st century

#134

Post by kapnobatairza »

andrewdietrich wrote: post #71
rjf1331 wrote: post #52

I can't help but think this must be vaporware. I worked in the credit card industry for several years. A credit card company is not something anybody can just start from scratch - you need data to model chargeoffs, fraud, spend, ect in order to be profitable. And unlike Robinhood, you need a source of capital to fund the cash you float, usually securitization or deposits. I may be completely wrong, but I simply don't…

I'm happy to say that we're not vaporware. We're partnering with a bank that provides all of the pieces you mentioned. Our model is similar to that of Simple, which partnered with Bancorp Bank to launch their product.

I'm sorry to be so suspicious, but do you have ANY experience working with Chip & PIN? How are you reprogramming your physical card on the fly?

When you make such bold claims, it is difficult to take any other part of your product seriously.

Re: Final – A credit card built for the 21st century

#136

Post by AznHisoka »

n72 wrote: post #72
mcdavis wrote: post #41

Earlier quoted context omitted.

It's Adam Lisagor whose video production company Sandwich Video works on lots of startup videos http://sandwichvideo.com/

Which I don't understand. All their stuff has such a hipster aesthetic. I'm not knocking the hipster aesthetic (I don't like it, but that's a whole different conversation), but it's certainly not an everyman aesthetic, which I would think one would want for an advertisement which is supposed to appeal to a wide audience. I'm sure other industries have put a ton of research into this and I assume this is why people in…

I was put off by the hipster mentality as well.. I want a FOB to be in these videos.

Re: Final – A credit card built for the 21st century

#137

Post by JoshTriplett »

This looks like the right solution to work around the current craziness of sharing a single credit card number across all purchases. (An ideal solution would involve some kind of assymetric crypto for authorization, but this seems like the best we can do with the current credit card infrastructure.)

The biggest question the FAQ doesn't answer: Will this interoperate with (at least one of) MasterCard, Visa, or American Express? Because if not, it isn't going to work with most merchants.

Re: Final – A credit card built for the 21st century

#139

Post by rtkwe »

maresca wrote: post #46

What happens when your generated number matches an existing number? Is there a finite amount of possible CC numbers?

Do you mean a non Final number? That shouldn't happen since ever issuer is uniquely identified by the first 6 numbers on the card. For collisions with Final numbers they'll have to keep track of the numbers they've issued and if they have expired or not. Aren't online transactions validated with a combination of CC# and other details. They could use that to deepen their pool of numbers. They can also get multiple issuer numbers (the first 6 digits) giving them more numbers as well. Also temporary card numbers aren't completely new so they're probably drawing on existing solutions to collision issues.
Post reply on HN