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Final – A credit card built for the 21st century

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

#151

Post by toomuchtodo »

mcherm wrote: post #143
toomuchtodo wrote: post #81

Earlier quoted context omitted.

Debt isn't a moral obligation, and to somehow frame it as such is dubious at best. If you as a debt owner or servicer can't keep your books straight, you have absolutely no business attempting to collect on a debt. If you're taking someone to court or attempting to take their wages, you better be damn sure you're in the right.

In my personal moral code, most debts ARE a moral obligation. Perhaps your moral code is different from mine.

If I borrow from a person, I'll bleed to death in the snow to make sure they get paid back. But from a corporation? Their losses are priced into their interest rate. I'll still pay them back of course, but if I lose my job, have no income, I'm not crying over it.

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

#152

Post by mcherm »

coldcode wrote: post #117
downandout wrote: post #76

Chip and PIN, at least in the US, is useless right now because virtually no merchants have the equipment. As for the browser plugin that generates a unique number for each transaction, PayPal had this in 2008 and closed it down. I'm not exactly sure why, but if they couldn't make it work, I have my doubts about newcomers being successful with it. The one interesting thing this card can do is disable charging to the p…

CHip and PIN will be required in the US as of Oct 2015.

Not quite. If I understand correctly, as of that date Chip and PIN will be encouraged, by charging higher fees to merchants when they fail to do a chip and PIN transaction.

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

#154

Post by dkarapetyan »

Someone1234 wrote: post #13

> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…

Who exactly told you it is impossible? My chase card lets me generate virtual numbers and use them during online transactions. I always use one when a trial requires a credit card. The number expires in one month and I don't have to worry about any shady billing practices.

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

#155

Post by alkonaut »

makmanalp wrote: post #118
Someone1234 wrote: post #13

> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…

This is too funny - my bank in Turkey ( http://en.wikipedia.org/wiki/Garanti_Bank ) had this 10 years ago! I wonder why banks in the US are so ingrained in their ways and horribly slow at updating themselves. edit: They also had an SMS cash thing where you can "send" cash to anyone, which is really a code you can use at any ATM to redeem cash.

I was recently in the U.S. and saw a person use a paper cheque. I'm not joking.

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

#157

Post by [deleted] »

toomuchtodo wrote: post #19
Someone1234 wrote: post #13

> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…

Counterpoint. If you get taken to collections over a trivial amount ( Have to go to court for collections? The first words out of your mouth need to be, "Verify the debt." Ask them to produce the document you signed and agreed to. In the vast majority of cases, without this, your case will be dropped with prejudice. This is based on research I did while dealing with a personal mortgage "issue". http://www.thisamerica…

[deleted]

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

#158

Post by angryasian »

joshfraser wrote: post #132
AznHisoka wrote: post #125

Earlier quoted context omitted.

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.

I think it was because it violates some patent and they have to pay to add that functionality. If that was the reason , I'm curious how they are getting around the issue.

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

#159

Post by skynetv2 »

Someone1234 wrote: post #13

> Final lets you give a unique credit card number to every merchant, or a disposable one-time use number for one-off purchases. This is something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not... > Tired of your monthly yoga pants subscription? Or a two-week "free" trial that lasted four months? Just deactivate that card number. It's that…

umm .. BOA credit cards allow you to generate credit card numbers that are tied back to your card. had this is 2007

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

#160

Post by makmanalp »

alkonaut wrote: post #155
makmanalp wrote: post #118

Earlier quoted context omitted.

This is too funny - my bank in Turkey ( http://en.wikipedia.org/wiki/Garanti_Bank ) had this 10 years ago! I wonder why banks in the US are so ingrained in their ways and horribly slow at updating themselves. edit: They also had an SMS cash thing where you can "send" cash to anyone, which is really a code you can use at any ATM to redeem cash.

I was recently in the U.S. and saw a person use a paper cheque. I'm not joking.

Yup, that's the most common way to pay rent in the US - it's easier , cheaper, and faster than an inter-bank transfer. Can you believe it?
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