The guy in the video is the exact same person in the coin video. https://onlycoin.com/ I'm really pissed off I paid for coin. I'm not going to pay a dime for plastc or this until it's released.
Pre-ordering anything is basically moronic.
Final – A credit card built for the 21st century
171–180 of 381 posts
Re: Final – A credit card built for the 21st century
#172[deleted]
Re: Final – A credit card built for the 21st century
#173Earlier quoted context omitted.
Will the physical card have a number embossed on it, similar to other cards? Or can the physical card number be changed in some way (e.g. Plastc's demo supposedly leveraging e-ink display on the card[1])? Also, does Final aim to become a credit card payments processor similar to Visa, Mastercard, et. al., or will you be leveraging a banking/credit institution in the backend to start with? [1] https://news.ycombinator…
I was wondering about the number embossing as well. I could see it confusing or sketching out some cashiers, especially with all the recent news about credit card fraud. I like the e-ink idea that Plastc had and would be very attracted to this card if it had that just for ease of use.
I have a credit card from capital one without embossing. The number and name is just written with ink, and the card surface is smooth. I've never had an issue using it.
Re: Final – A credit card built for the 21st century
#174Chip 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.
I believe it is Chip and signature that will be required, not PIN.
Re: Final – A credit card built for the 21st century
#175> 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.
sterile environment is best for fast system growth, until parasites come over and try to exploit it. only then you need protection against it.
united states in general enjoyed some time where people did little to defraud system and therefore number (and later exp date, later - cvv) was fine. You can't rely on people's integrity and morale now as a safe-guard for system. Same applies to paper checks by the way.
In case of turkey I bet that defrauding was problem from beginning, that's why it was first thing to solve too.
If anything, it just tells that doing tech business in usa will be more fictitious than it could be otherwise.
Re: Final – A credit card built for the 21st century
#176Are you going to release Coin?
Re: Final – A credit card built for the 21st century
#177Final - A credit card built for the remaining 12 days until Apple Pay is released and instantly transforms this space.
Re: Final – A credit card built for the 21st century
#178Earlier quoted context omitted.
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.
That sounds exactly like my justification for stealing! Businesses usually have insurance to cover losses from theft. (And if they don't, that's on them.) And who's paying for that insurance? Right: Their customers. So it's kind of like: Unless you steal from them, they're stealing from you!
Also, I don't like paying for stuff.
Re: Final – A credit card built for the 21st century
#179Chip 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 "required", just that after Oct 2015 the merchants will become liable for fraud (instead of the banks), if they are not equipped for Chip and PIN (apparently "pay at the pump gas stations" get an extended date of Oct 2017 instead).
Re: Final – A credit card built for the 21st century
#180> 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 something I have been asking for since forever! People on here claimed it was "impossible" because of how credit cards work, I guess not...
Not only is it not impossible, Paypal did it for YEARS, I loved it, it was a great service. http://www.quora.com/Why-did-PayPal-discontinue-their-one-ti...