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Coin

yg17 said:
So how do you eat at restaurants?
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TheAppleFairy said:
Do you ask for a seat that's close to the register? :confused: or follow the wait staff up as they swipe your card? :confused:
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Don't you have those portable units that come to the table where you live? Waiter puts the unit on the table, you insert the chip end of the card into the unit type in your PIN, get your receipt. Card never leaves your sight. In those rare instances where the restaurant is still old tech, I take the card up to the register. But I haven't seen one of those in quite a while now.
 
snberk103 said:
Don't you have those portable units that come to the table where you live? Waiter puts the unit on the table, you insert the chip end of the card into the unit type in your PIN, get your receipt. Card never leaves your sight. In those rare instances where the restaurant is still old tech, I take the card up to the register. But I haven't seen one of those in quite a while now.
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Nope, most cards only have magnetic strip and nearly all restaurants (not fast food) in the USA you hand the card to the waiter/waitress and they later come back with your receipt where you write in the tip amount and total.
 
snberk103 said:
As far I know, the rest of the developed world is using chipped cards and remote units the wait staff bring to you. For small purchases I can just tap my card on the reader and go, in many cases. Now that's fast and efficient.
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The US is still on magnetic stripe cards, but will start changing over to chips (EMV) in the next 2 years. I'm not sure how this app will adapt to that.
 
The more I think aboout it, the more I'm leaning towards not getting one. Spending $50 on a card that only lasts two years, then $100 for replacement cards after that...it just doesn't seem worth it to me. It'd be nice to have a slimmer wallet, but keeping my cards in my wallet isn't a huge deal. And every card I have now is free. Maybe when they get to the point where they can develop a card that is "rechargeable" and has a lifetime warranty, then I might jump onboard. As it is now, I think I'll pass.

NFC + iPhone + Passbook loaded with all of my cards sounds like a much more useful idea to me, personally. Open app, select card, swipe phone over NFC "receiver", done. Who knows if that will ever happen though.
 
Shrink said:
That's $55 for (supposedly) 2 years. Then you have to buy a new card, at $100, and do so every 2 years.

See Post# 38...

It's basically a subscription deal...renewable every two years.
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No, I understand that but initially, it's $55. That's just what I was saying/writing.
 
Coin (The new credit card)

I wish I came up with this... so simple yet so useful.

https://onlycoin.com/

Apple could have easily come out with the iCard.

Curious would you guys pay the full price of $100 once the promotional price of $50 goes away in 22 days?
 
yg17 said:
If a waiter steals your credit card number and goes on a shopping spree, you're not responsible for any of the charges. If your wallet gets lost or stolen, you're not getting that cash back.
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Yep, but it's a royal pain in the neck if it happens a couple of times and your bank wants to issue you a new card. Moreso if you're overseas at the time.

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TheAppleFairy said:
Do you ask for a seat that's close to the register? :confused: or follow the wait staff up as they swipe your card? :confused:
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Mostly use cash. Otherwise I have no problems taking the card up to pay.
 
Arran said:
Yep, but it's a royal pain in the neck if it happens a couple of times and your bank wants to issue you a new card. Moreso if you're overseas at the time.
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I've dined out hundreds of times and always pay with card, and that has happened to me exactly zero times. It's still less of a pain in the neck than losing potentially hundreds of dollars in cash if you were to be pickpocketed.
 
rpc33 said:
I wish I came up with this... so simple yet so useful.

https://onlycoin.com/

Apple could have easily come out with the iCard.

Curious would you guys pay the full price of $100 once the promotional price of $50 goes away in 22 days?
Click to expand...

There is already an extant thread on this topic. Also worth pointing out that when the battery runs out (approximately 2 years), you must BUY a new card at $100, and do so every 2 years. This, while an interesting product, is essentially a subscription service, costing $50/year after the pre-order period.
 
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yg17 said:
It's still less of a pain in the neck than losing potentially hundreds of dollars in cash if you were to be pickpocketed.
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We'll just have to disagree. I've never been pick pocketed, but I've had my card cloned several times.

Shrink said:
..essentially a subscription service, costing $50/year after the pre-order period.
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Kind-of like picking your pocket - albeit with permission :)
 
TheAppleFairy said:
How many times is several. I don't know a single person who has ever had a card cloned. To have it happen several times to the same person, you might want to look around you. It might be a "friend" doing it.
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There times. Overseas travel. Hotels and taxis (I suspect).

Def. not a "friend". Maybe yours would?
 
TheAppleFairy said:
How many times is several. I don't know a single person who has ever had a card cloned. To have it happen several times to the same person, you might want to look around you. It might be a "friend" doing it.
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Just popping in to say I've had my card cloned twice, on the same trip to NY City. That I know of.

Every couple of years my main card gets replaced because they detected fraudulent activity on my account. Basically, I get a new card in the mail, with a letter telling me that I need to activate the new card immediately. From talking to people at the local branch it appears that the bank's computer systems note fraudulent behaviour on the account so they send me a new card, and restrict my old card to purchases in my local community only. Because most of my purchases are local, I haven't yet noticed my card is locked down until I get my new one.

Of course they never tell you what the fraudulent activity is. Often this happens within a couple of months of a trip to the US where I've had to use the magnetic strip. Sometimes there is no trip, so I have to assume someone's online system was hacked to get cc#.
 
Having your card cloned based on online activity is a lot different than a waitress taking it or someone putting a skimmer on an ATM machine or gas pump.

Luckily I have never had it happen to me. If anything this card helps keep card cloning down, by the deactivation when not in range of your phone.

Also the full card number isn't displayed on the card, keeping people from copying the number as well.

snberk103 said:
Just popping in to say I've had my card cloned twice, on the same trip to NY City. That I know of.

Every couple of years my main card gets replaced because they detected fraudulent activity on my account. Basically, I get a new card in the mail, with a letter telling me that I need to activate the new card immediately. From talking to people at the local branch it appears that the bank's computer systems note fraudulent behaviour on the account so they send me a new card, and restrict my old card to purchases in my local community only. Because most of my purchases are local, I haven't yet noticed my card is locked down until I get my new one.

Of course they never tell you what the fraudulent activity is. Often this happens within a couple of months of a trip to the US where I've had to use the magnetic strip. Sometimes there is no trip, so I have to assume someone's online system was hacked to get cc#.
Click to expand...
 
TheAppleFairy said:
Having your card cloned based on online activity is a lot different than a waitress taking it or someone putting a skimmer on an ATM machine or gas pump.

Luckily I have never had it happen to me. If anything this card helps keep card cloning down, by the deactivation when not in range of your phone.

Also the full card number isn't displayed on the card, keeping people from copying the number as well.
Click to expand...

Without access to the card issuer's files it is of course impossible to know how the card is compromised. My assumption is that mostly likely the cloned card will be used shortly after the compromise because there is no point in waiting, and there is more chance of the card being invalid the longer the delay. Using this assumption my belief is that in my case my account was compromised through the copying of the magnetic strip and not online activity. In a couple of cases I got a new card after visiting the US, where swiping the card's strip is universal. In Canada we use the chip readers, which are far less prone to being compromised (so far). I can't say for sure, obviously, that it was compromised this way… but the odds do favour it.
 
Agreed 100%, I think the chip is more secure as well. Hopefully we adopt that here in the USA. Maybe we'll see it slowly roll out.


snberk103 said:
Without access to the card issuer's files it is of course impossible to know how the card is compromised. My assumption is that mostly likely the cloned card will be used shortly after the compromise because there is no point in waiting, and there is more chance of the card being invalid the longer the delay. Using this assumption my belief is that in my case my account was compromised through the copying of the magnetic strip and not online activity. In a couple of cases I got a new card after visiting the US, where swiping the card's strip is universal. In Canada we use the chip readers, which are far less prone to being compromised (so far). I can't say for sure, obviously, that it was compromised this way… but the odds do favour it.
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Very interesting discussion. $55 shipped is not a bad price now. You won't have to worry about getting a replacement card in two years as magnetic cards will likely be obsolete by then.
 
Google Wallet with the Google Wallet card can do the same thing can't it at no cost.
 
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