Coin
- Thread starter AceInfinity
- Start date
Temmu
Well-known member
interesting.
any merchants accepting that?
whaddabout security - like the problems with rfid cards?
any merchants accepting that?
whaddabout security - like the problems with rfid cards?
AceInfinity
Emeritus, Contributor
You watched the video? :confused2:
Merchants don't have to accept it because it will act exactly like your regular card -- it's just NFC and chip technology. It's no different than using your phone with NFC enabled hardware to pay for items, which is also already starting to happen in places of the world.
Anthony N
Well-known member
That wouldn't work for some stores here, we get asked to verify the card issuer and transaction type (credit or debit).
Also why would I pay for something that only supports apple. Especially at the steep price of $100 per a card when I get them from my bank or credit issuer for free. Sorry, this is not ready for prime time.
As it is I refuse proximity cards (paywave/RFID/Contact-less). Just another excuse of a "get-rich quick" tactic by whoever developed this. I'll believe it when I see it in person with my own two eyes.
Also why would I pay for something that only supports apple. Especially at the steep price of $100 per a card when I get them from my bank or credit issuer for free. Sorry, this is not ready for prime time.
As it is I refuse proximity cards (paywave/RFID/Contact-less). Just another excuse of a "get-rich quick" tactic by whoever developed this. I'll believe it when I see it in person with my own two eyes.
AceInfinity
Emeritus, Contributor
Why not? All the data from your existing cards is stored within that coin. It is not a new card really because of this, imagine this as an emulator. You would be able to tell them credit or debit because it would act as your normal credit or debit card, along with the issuer and the security code, etc...
Although this is not an issue for me, I won't disregard this as a valid point. Perhaps they will have android and other's out there at a later date? $100? When I first checked (keep in mind I seen this nearly the day / week that this was even put out on the internet, that it was $50 or $55, but definitely not $100. Odd.
Yes, but of course there is a cost for the possible benefits of this "Coin" don't forget. I bet your existing cards (any of them) are much harder to keep track of than a single card that also has bluetooth range detection so that you don't leave it behind. :)
There is only bluetooth here. As far as I'm aware, this card doesn't interact with NFC devices, like your existing cards with the chip for interac.
DreadStarX
Well-known member
The only thing I can think of; what if someone develops a interception device?
I mean, it was done with RFID transmitters and car systems. My moms Fob is the latest blue tooth version, though some features like unlocking the car can only be done from within a set distance.
I think this is a neat idea, especially for someone like me. The only thing that concerns me is, does it allow you to choose which card you're going to use? I mean, if I have my bank debit/credit card, a USBank Credit Card, and a Chase CC, does it allow me to choose?
I can't watch the video due to my schools proxies, and firewalls blocking youtube. So I didn't get a chance to watch it, and my phone is low on data.
- Thomas
I mean, it was done with RFID transmitters and car systems. My moms Fob is the latest blue tooth version, though some features like unlocking the car can only be done from within a set distance.
I think this is a neat idea, especially for someone like me. The only thing that concerns me is, does it allow you to choose which card you're going to use? I mean, if I have my bank debit/credit card, a USBank Credit Card, and a Chase CC, does it allow me to choose?
I can't watch the video due to my schools proxies, and firewalls blocking youtube. So I didn't get a chance to watch it, and my phone is low on data.
- Thomas
Yep, in the video they showed you can choose whichever card you want to use + enter new ones.
AceInfinity
Emeritus, Contributor
Interception for tracking your "Coin" over bluetooth? I don't see how that would be a security threat. None of the transactions are done over bluetooth for the cards stored on the device; none of the data can be seen via bluetooth because the card data is separate. The only thing seen via bluetooth is that device's hardware ID most lilkey.. RFID is much different, so it can't be compared, as that ID is the secure part, whereas in this case a device ID for a card/"coin" wouldn't be... only the stored card data would be. It would be like saying that someone knowing the name on your existing card is a security threat, only the data on the "Coin" seen via bluetooth in which is revealed wouldn't be as personal as your name; a hardware/device ID. This device ID is still only used for tracking though and couldn't be used for any stored card payments because it still has to act like one of your regular cards though, so I don't see any issue with interception. The "Coin" acts exactly like one of your credit cards when chosen, and your regular cards are most likely not designed to be read via bluetooth. (I'm making an assumption here but for a developer this is super basic common sense. It would be like asking if someone has made sure they tied their shoes to prevent an instance of tripping over them...)
It does allow you to choose which card you use though, I assume you didn't watch the entire video though? :huh:
I think they could even add a fingerprint reader to some device like this, over the way regular cards work, just an additional idea.
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