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Final – A credit card built for the 21st century

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Re: Final – A credit card built for the 21st century

#301

Post by awongh »

jackmaney wrote: post #97
bicknergseng wrote: post #88

"A credit card built for the 21st century" is an oxymoron. It's like saying a car phone built for the 21st century. For the love of all that is holy and sacred, please eliminate the need to carry cards at all. Just let me pay with my phone. Put my drivers license, health insurance card, membership cards, gift cards, car keys, and payment methods into my phone. All of this already exists in some form or another, but A…

Dear gods, please eliminate any ability to pay with my phone! Cards are fragile enough. I don't want to lose access to all of my money if I accidentally drop my phone the wrong way. EDIT: Not to mention my ID and keys! I'm honestly not sure I could think of a worse idea.

I think the point is that your phone is a proxy for the internet/cloud where your information is encrypted and stored, able to be reached from any other internet accessible device through the use of a key/password. (at least in theory/ideally)

This isn't true of physical keys/ID/money/currency, where it's completely possible to physically lose all of them, permanently.

Re: Final – A credit card built for the 21st century

#304

Post by vpeters25 »

gdilla wrote: post #38
Someone1234 wrote: post #13

> 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…

BOA had this. I used to buy MP3s off a russian site that I didn't trust. It makes a temp credit card number (a pop up basically) with an expiry date you can set, and an amount you can set. So I would do 30 day credit cards with like $20 on them. I think it was called shopsafe.

I used this feature years ago with a Visa from MBNA. They got bought by BOA who later rolled it in to all their credit cards. Citibank also has this feature since around 2001.

Re: Final – A credit card built for the 21st century

#305

Post by negrit »

bobcostas55 wrote: post #91
otoburb wrote: post #68

Earlier quoted context omitted.

>Some of the better products out there exist for customers outside of the US. Would appreciate if you could give some examples for non-US customers, at least for another point of comparison.

In Sweden I can do this...you launch a desktop or phone app, tell it what limit you want on the card and when you want it to expire, and it gives you a number w/ CVC code that you can use instantly.

Same in France. The US is just behind.

Re: Final – A credit card built for the 21st century

#306

Post by aeturnum »

dmdeller wrote: post #265
drglitch wrote: post #223

As 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…

The banks' monitoring software is in fact a hassle for me. I've only ever had legitimate purchases denied. The retailer's order flow is not usually optimised for this case, requiring a tedious, often manual process to get my order reinstated, while at the same time often causing the retailer to treat me with suspicion (they can't tell why the charge was denied the first time, and are sometimes reluctant or unable to…

I want you to consider how wrong you might be. Filtering is defensive in nature, and the quality of a banks' filtering affects the value of CC numbers stolen from it. How many false positives will you accept in order to make your CC number virtually worthless to thieves?

I have no idea of course. Maybe the bank is incompetent and getting robbed blind, but I think what I describe above is a distinct possibility.

Re: Final – A credit card built for the 21st century

#307

Post by healthenclave »

Someone1234 wrote: post #13

> 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…

In developing countries (INDIA) because many people do not have CC many good banks allow you to generate Virtual Credit Cards No with predefined amount for single use -- for 5+ years now.

So the point is technology and the idea is pretty old but finally someone has implemented it right.

Re: Final – A credit card built for the 21st century

#308

Post by lobster_johnson »

dkarapetyan wrote: post #154
Someone1234 wrote: post #13

> 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…

Who exactly told you it is impossible? My chase card lets me generate virtual numbers and use them during online transactions. I always use one when a trial requires a credit card. The number expires in one month and I don't have to worry about any shady billing practices.

Chase debit or credit? I don't see an option for that in the online menus.

Re: Final – A credit card built for the 21st century

#310

Post by tkmcc »

jessriedel wrote: post #173
tkmcc wrote: post #12

Earlier quoted context omitted.

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.

I've seen those, but this card (judging by the image on the landing page) doesn't have any visible number at all.
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