This is a faster horse, not an automobile.
Automobiles don't get invented every day, or indeed every year. In a world where the horse is king, a faster horse is a good thing.
But this is $155. It needs to be an automobile :)
Plastc Card
161–170 of 356 posts
Re: Plastc Card
#162Earlier quoted context omitted.
I'm calling shenanigans after reading their specs. Here are my reasons: NFC + EMV secure elements are issued by banks and can't be reprogrammed. You can't switch between them on the fly. You can only house "multiple" EMVs if you can by some grace of god magic convince the different banks, and Amex to take your card to their facility and program it with their secure info and then give it back to you. E-ink displays ar…
There are several variants on the NFC protocol. Some contain secure elements (with a CVV3, which is a cryptographically-signed incrementing number), but I believe they can also just dumbly-send the normal card data over the air. I've also seen credit cards made from glass. I think they're NFC-only, though, because of the thickness, but I could be mistaken.
You are correct in that the NFC is just a protocol but for it to be used without a signature you need a secure element. In their "mock-up" they show a smart car interface on the front and in the FAQ they claim EMV. It is very puzzling.
Re: Plastc Card
#1631) The process of selecting a card and paying appears to have many more steps compared to merely selecting the appropriate physical card and using that. Is the sell here something to do with security (not displaying the card number all the time)? Does this support temporary/ burner numbers? 2) I would like to know what target demographic, if any, that that ad was not intended to irritate.
This comment made me watch the video; my goodness that was grating.
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Re: Plastc Card
#164Wow, this will certainly give Coin ( https://onlycoin.com/ ) a run for their money.
I can't help to think this and Coin are each a solution in search of a problem. Do you know many people that use more than 3 cards regularly? If the norm was to have so many cards they barely fit in your wallet this would be perfect.
Korea
Re: Plastc Card
#165Earlier quoted context omitted.
I have a lot of cards. Between gift cards, loyalty cards, and credit cards, I have at least 20-30 that I'd like to carry on me. I end up leaving cards I don't use every day in my car (and am always paranoid about the valet as a result). I use a KeyRing app for loyalty cards, but it's a pain and requires me often typing numbers into things. I often find myself in a Starbucks, realizing I left the Starbucks gift card i…
For loyalty cards, why not use passbook or equivalent?
To pick a single example, in the UK Boots points cards have a pin in and need to be inserted into a reader.
Re: Plastc Card
#166Am I the only person here who still prefers to carry a wallet and pay with cash?
I hate cash and can't wait until it's gone forever. I hate wasting time getting it out of the bank, I hate having to make sure I have enough at all times, I hate the crappy little coins I get back in change, I hate not being able to track where my money went easily.
Re: Plastc Card
#167Earlier quoted context omitted.
That's exactly what I came here to say - if this can do chip and PIN, then can't we assume chip and PIN is broken? Cloning a mag stripe is trivial, cloning chip and PIN should be as close to impossible as is feasible.
For the record, Chip and PIN is kind of broken... • "Chip and PIN is Broken" (Murdoch/Drimer/Anderson/Bond, 2010) [PDF] http://www.cl.cam.ac.uk/~sjm217/papers/oakland10chipbroken.p... • "Chip and PIN is Broken" (Murdoch, 27C3, 2010) [Video]: http://www.youtube.com/watch?v=Ks_w352BS-Q • "Chip & PIN is definitely broken" (Barisani/Bianco/Laurie/Franken, 2011) [Video]: http://www.youtube.com/watch?v=JABJlvrZWbY ...and s…
Well in defence of Chip and PIN (and I can't believe I'm saying this), the exploits listed above take advantage of "No Signature" provided. This is where the card just gives the basic CC information -- same as what is on the front. The bank can see this and banks only allow small transactions to go through with no signature.
In the demo they buy coffee, etc. with it. You couldn't buy something more expensive with it because the bank would deny the charge.
NFC is similar. You can use it for small transactions, but not larger ones.
Re: Plastc Card
#168Earlier quoted context omitted.
On the bottom of their wallet tab [1], they list several participating banks, so it sounds like they might have those partnerships you mention. [1] https://www.plastc.com/wallet
Interesting that the list of banks is nearly the same as that of ApplePay. I'm glad there are some forward-thinking enough banks willing to push technology forward.
Or they just found a way to implement ApplePay on their card.
Re: Plastc Card
#169The moment they said "you recharge it" I closed the video
What were you expecting?