This is alredy possible with https://dnt.abine.com/#dashboard
Final – A credit card built for the 21st century
331–340 of 381 posts
Re: Final – A credit card built for the 21st century
#332Too late, this is the century of Bitcoin.
Re: Final – A credit card built for the 21st century
#333Earlier quoted context omitted.
Portugal has MBnet, with a web interface and an Android app, as I recall. It works as advertised.
yes, MBnet is awesome. but sometimes some sites don't accept it (when they test the card doing some transactions first), I wonder if Final will have the same issues.
That used to happen but I haven't experienced that in a while. Even before the introduction of multi usage virtual cards.
Re: Final – A credit card built for the 21st century
#334Earlier quoted context omitted.
It was every 50 years, not 7. And it also stated that prisoners would be freed. We don't actually do everything the bible says to do... thankfully. http://en.wikipedia.org/wiki/Jubilee_(Christianity)
There's some ambiguity in the scriptures. See Deuteromy 15:1-11: "At the end of every seven years you must cancel debts. This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD's time for canceling debts has been proclaimed." ( http://www.biblestudytools.com/deuteronomy/passage.aspx?q=de…
> It's interesting to imagine a world where there was no legal recourse to someone not paying back debt [...]
I think it sounds scary. If I enter into a contract that says I have to do something in exchange for something else, I'd like a court to honor that contract, and not -- somewhat arbitrarily I'd say -- declare debts in the contract invalid after seven years.
Imagine no one being able to issue debt with a maturity of more than 7 years. That would be the consequence of such an interference into the market. This means our economy as a whole would become even more sensitive to interest rate volatility, as you can't secure the interest on a loan for more than 7 years at a time.
Re: Final – A credit card built for the 21st century
#335As some have pointed out, Citi had this[1] since about 2004, Fleet/Bank of America [2] had it in their setup as well for as long as i can remember. The problem is going to be PCI compliance - the rules that govern merchant procedure for accepting physical credit cards. Specifically, the last 4 digits must be visually validated on the card and typed in to avoid cloned cards (chips largely solve this) in most stores. F…
> As other people pointed out, this solves a non-problem: if i don't want to be liable for a fraudulent purchase, i just use a credit card, not a debit card.
The video never claims to solve the problem of being liable for fraudulent purchases.
The video claims it solves the problem of having only a single credit card number, and having to change the credit card number on file with all your web services (PayPal, Apple/Google, various subscriptions, etc.) when you get a new card, because it expires, or when one is cancelled because someone snatched your card info.
Re: Final – A credit card built for the 21st century
#336I remember this guy from somewhere... There was another product that creates a small display on your car window if I am not wrong
That product is Navdy and the guy in the video, Adam Lisagor, is indeed the same guy in the Final video. Lisagor's company Sandwich Video (http://sandwichvideo.com/) produced both videos and countless others for startups, many of which he has appeared in.
Re: Final – A credit card built for the 21st century
#337Earlier quoted context omitted.
Couldn't you reuse a disposable number given some time interval?
I don't know enough about how it all works, but perhaps -- because the number isn't valid on its own -- giving the number to a different customer, with a different name, effectively invalidates its previous use and means it can be safely reused.
Some information here: http://en.wikipedia.org/wiki/Controlled_payment_number
Re: Final – A credit card built for the 21st century
#338Earlier quoted context omitted.
Isn't there a common system for transferring money such that every corporation has a public "number" to which you can send money, meaning that HOW you do that (your internet bank or whatever) isn't really a concern of the receiver? I mean each insurance company etc. can't each be setting up their own solutions for online payments, right?
Each insurance company is indeed setting up their own solution for online payment.
Hilarious. Do they also invent an email standard and a currency?
Why not ditch checks and just set up a reliable/cheap money transfer system? It's peculiar how the country that is at the epicenter of the world economy and the Internet doesn't actually use the Internet for money related things (tax returns, banking, insurance...).
Re: Final – A credit card built for the 21st century
#339Earlier quoted context omitted.
The US banking system is frankly, ridiculous In Europe anyone can send money online to any other account in the EU , given the account number, usually for free. The fact that the US doesn't have that as commonplace as in Europe is ridiculous Canada is slightly better, they already are ditching the magnetic stripes off cards.
But I shouldn't have to give you my account number for you to send me money. I don't really want to maintain a mental list of who has my account number and who to update if I change banks or something. I'm not saying checks are the best solution for all situations but they have enough use cases to make them somewhere better than ridiculous . Every time my cleaning lady comes, I just leave a check for her on the count…
That's why you need a Cleaning App where you will pay 10% to the App owner, but save yourself from seeing the lady and don't have to feel bad about her life. Although you just taken off 10% off her.
Re: Final – A credit card built for the 21st century
#340Earlier quoted context omitted.
Isn't there a common system for transferring money such that every corporation has a public "number" to which you can send money, meaning that HOW you do that (your internet bank or whatever) isn't really a concern of the receiver? I mean each insurance company etc. can't each be setting up their own solutions for online payments, right?
Each insurance company is indeed setting up their own solution for online payment.
@alkonaut
Because that's what terrorists would do.