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A Final Farewell

getfinal.com

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Re: A Final Farewell

#21

Post by ch4ch4 »

tejasm wrote: post #11
lewisl9029 wrote: post #5

That's too bad. I loved using Final. I know Privacy [0] is one possible alternative, but it's debit based rather than credit based like Final is, and they require linking a bank account by username and password, which AFAIK makes you entirely liable for any fraudulent activity for the account, so that's a non-starter for me. Anyone aware of any other services that provide virtual cards like these? [0] https://privacy…

Early Final adopter here. I liked the product but wasn't able to differentiate between Final and other VCCs. Bank of America and Citibank offer virtual credit card creation which is very close to what Final does. Their UI is very clunky but does the trick without worrying about the liability part.

I use both of the BofA and Citi virtual credit card services, as I used to do a lot of QA testing on payments processing systems. They both seem to be using the same backend service.

I even made a crappy WinForm app that would generate a ton of credit card numbers at once: https://github.com/ch4/ss_gen

Re: A Final Farewell

#23

Post by throwawayfinal »

discreditable wrote: post #10

I emailed their support and they said they've been acquired by another company but can't disclose the details.

my theory is that their main asset wasn't their consumers, or even that data, but their ability to be a card processor and issuer (like the big banks). I don't think there's very many of them, and the effort required to build that is very time consuming and expensive.

Re: A Final Farewell

#24

Post by el_benhameen »

FabioFleitas wrote: post #19

Anyone know how this closing could affect your credit if you were a Final customer?

Probably not much as long as you were in good standing. It'll reduce your average length of credit by a bit, but afaik having one account with a short age probably won't hit you more than a few points for a little while.

Re: A Final Farewell

#25

Post by ggg9990 »

RickS wrote: post #18

Thoughts on why this happened? I wish they were more forthcoming about the causes. This is the corporate equivalent of ghosting on your tinder date.

They ran out of money or realized that they would.

Re: A Final Farewell

#29

Post by binar3 »

throwawayfinal wrote: post #23
discreditable wrote: post #10

I emailed their support and they said they've been acquired by another company but can't disclose the details.

my theory is that their main asset wasn't their consumers, or even that data, but their ability to be a card processor and issuer (like the big banks). I don't think there's very many of them, and the effort required to build that is very time consuming and expensive.

lol

Re: A Final Farewell

#30

Post by maxerickson »

throwawayfinal wrote: post #23
discreditable wrote: post #10

I emailed their support and they said they've been acquired by another company but can't disclose the details.

my theory is that their main asset wasn't their consumers, or even that data, but their ability to be a card processor and issuer (like the big banks). I don't think there's very many of them, and the effort required to build that is very time consuming and expensive.

The footer of their pages says their cards are issued by First Bank & Trust, Brookings SD.
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