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Plastc Card

plastc.com

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Re: Plastc Card

#221
post #39

Earlier quoted context omitted.

This and Vessyl feel like the harbingers of Silicon Valley doom. Products that solve no meaningful problem and cost orders of magnitude more than their 'dumb' alternatives. A waste of good brains.

Is that satire? I'm not kidding... To a British mindset that video on https://www.myvessyl.com/ feels exactly like satire.

It's like a parody of Apple product videos - "and we like to call it, the iCup!"

Re: Plastc Card

#222
post #180

Earlier quoted context omitted.

> You'd need partnerships with banks to get a new secret the way Apple Pay does If this is using the EMVCo tokenization stuff, which it is widely believed that Apple is using, I don't think they would have to partner with banks. They'd just have to register with a Token Service Provider. Here's an interesting article on this: http://www.aviso.io/apple-pay-brings-new-problems-acquirers/

One gap in my understanding is who exactly the Token Service Providers are. That article says the card networks are, but I guessed that the issuing banks were when I read the spec the first time. I'll read it again eventually, but if anyone actually knows, please share that knowledge.

I've been talking to Visa's tokenization team and several payments experts over the last few weeks about this exact topic. Currently, TSPs are only the card networks. In the future, the big banks and the payment processors will also take on TSP responsibility. It is unlikely that other actors will take on this role, given the requirements and players involved. The role that's more likely to allow for innovation is the Token Requestor role - which virtual wallet providers and e-commerce merchant / merchant processors can play a part. Even this role will require a decent amount of scrutiny in terms of the ability to identify the validity of a transaction, which is ranked on a 0-99 scale. Very interesting future for payments.

Re: Plastc Card

#223
post #35

What need does this address? Are cards taking up too much room in people's lives? This solution doesn't reduce the height or width of the encumbrance at all, and reduces the depth only by n*.76mm, where n is the number of cards that will be replaced. I don't get it. Also, http://c2.com/cgi/wiki?TheZenOfProgramming

For me, the remote-wipe ability is a killer app. Currently, when I lose a physical card, I have to go through a painful get-a-new-card procedure that involves going to my major websites and giving them my new card #. With remote wipe, when I lose my card I just remote-wipe it and order a new one. Also, this card will warn me when I'm too far from it so I won't be as likely to leave it behind.

We're working on this exact headache, and we believe it's a killer app. Plastc can't solve this problem for you - the moment your card is swiped or entered into a merchant form, it's vulnerable to being stolen and can't be solved with a "remote wipe." What's needed is the ability to make payments with multiple numbers. To silo your merchant relationships and restrict how a number can be spent. And to also to deactivate your physical card when you're far away from it. Never go through a painful get-a-new-card procedure again. We're called Final, and we're launching tomorrow. We'd love your thoughts.

Re: Plastc Card

#224

Hmm, I thought this might be what Coin turned into but I see that onlycoin.com is still taking pre-orders for their all-in-one card. I get the consumer appeal but find the appeal for the banks less strong. I would love a one time credit card app where every time you swiped it, it changed numbers. And it seems making the card 'smart' like this could enable that sort of thing.

Is Coin not even on the market yet? Hah, fancy — they started taking pre-orders almost a year ago. Would anyone pay $155 for a Plastic Card if they knew they wouldn't get it until October 2015?

Re: Plastc Card

#225

Hmm, I thought this might be what Coin turned into but I see that onlycoin.com is still taking pre-orders for their all-in-one card. I get the consumer appeal but find the appeal for the banks less strong. I would love a one time credit card app where every time you swiped it, it changed numbers. And it seems making the card 'smart' like this could enable that sort of thing.

This is what we've wanted for a while, and exactly the product I'm working on right now. It's called Final. We can deliver one-time use numbers via our mobile app, and pay via NFC or our standard EMV card.

Re: Plastc Card

#226

Earlier quoted context omitted.

Of course it is vaporware. They're trying to prove the market exists, sell the product up front, then go build it. Will it ever ship or be remotely as thin and svelte as this mockup? I'm guessing no, but if they pull it off, kudos.

You are telling this as if "go build it" is the least important part.

No, it is the most important and hardest part. My point about it ever shipping or being as good as the promo video alludes to this. It's easy(ish) to create a slick landing page and quirky video demo, it's hard as hell to make a product.

Re: Plastc Card

#227

Earlier quoted context omitted.

Of course it is vaporware. They're trying to prove the market exists, sell the product up front, then go build it. Will it ever ship or be remotely as thin and svelte as this mockup? I'm guessing no, but if they pull it off, kudos.

This is what people usually use Kickstarter or Indiegogo for.

Or Hackernews :-)

Re: Plastc Card

#228
Does anyone else get the idea this is just a turbo-charged horse and buggy? Have they actually done market research beyond "oh that's cool" to "I actually have pain pulling out a separate card?"

It seems like they are making an age-old start-up mistake. Swift death to the founders so they can move on to something far more interesting than a re-imagined credit card.

Re: Plastc Card

#229
post #213

Earlier 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…

I don't get how you can end up with so many cards, it's seems like a very american problem. I have 5 cards in my wallet: * Debit card and a Visa credit card: both with chip&pin and allowing me to do secure transaction on the internet * A public transport card: RFC, also allow me to rent bikes * An ID card, also with a chip&pin, allow me to sign documents and fill my taxes * An insurance card which is not even a magne…

I'm in your boat, BUT...

You could also easily have 5 store credit cards (J. Crew, Banana Republic, etc.) for extra discounts, a few gift cards you haven't spent yet (Starbucks, Best Buy, etc.), an extra 3 credit cards (they have different promotions), a handful of loyalty cards for discounts (a couple supermarkets, three or four coffee shops, a couple of restaurants), various forms of ID and access cards (company, school, gym, apartment complex front door)...

You can see how it adds up. The reasons for almost all of them are discounts or extra value. Keeping track of all these cards and carrying them around could easily save you several hundred dollars a year if you're willing to do it.

Re: Plastc Card

#230
so, my main question is where would I source the ble chip that is this thin? I know its probably just a rendering to test the market but it would be nice to be able to source some of the supposed parts in this thing.
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