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(Gizmodo)   One smart plastic card to replace the dozens of other plastic ones (that you keep losing after getting wasted at one too many Fark Parties) in your wallet   (gizmodo.com) divider line 60
    More: Spiffy, Google Wallet, card reader, Android Phone, credit cards  
•       •       •

3011 clicks; posted to Geek » on 16 Nov 2013 at 10:13 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



60 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | » | Last | Show all
 
2013-11-16 02:37:29 AM  
Ah yes, I always prefer losing ALL my cards at once. I really, really enjoy talking to bank and credit card agents.

/remember kids single points of failure are awesome
 
2013-11-16 02:39:19 AM  
One smart plastic card to replace the dozens of other plastic ones (that you keep losing after getting wasted at one too many Fark Parties) in your wallet

and in the darkness bind them.
 
2013-11-16 02:54:57 AM  
I always write my PIN on them, too

/I forget things
//worst that could happen is someone steals my identity and improves my credit
 
2013-11-16 09:23:13 AM  

vossiewulf: Ah yes, I always prefer losing ALL my cards at once. I really, really enjoy talking to bank and credit card agents.

/remember kids single points of failure are awesome


There's some guy at work who has an iPhone case that doubles as a wallet.  So I get to lose my credit/debit cards, my cash, my ID,  and my phone at one time?  Sign me up!
 
2013-11-16 09:59:39 AM  
Soooo.......

www.3mdr.com
 
2013-11-16 10:21:11 AM  
The creators of Coin want to further slim your wallet  ...<a data-cke-saved-href="<a href=" href="<a href=" https:="" onlycoin.com="" "="" target="_blank">

But what about the Cwan?

l.yimg.com
 
2013-11-16 10:32:42 AM  
I figured why not, it looks like cool tech and I can always do with less stuff to carry. Still, I really do hope this isn't a massive scam to steal all my cards at one time. I can see it now, some random point after the official launch, they all go dead after transmitting all your card numbers to a data center in Russia.
 
2013-11-16 10:36:18 AM  
Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?
 
2013-11-16 10:39:12 AM  

The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?


came in to ask exactly this. although I only get asked to show my card in around one out of every hundred transactions or so.
 
2013-11-16 10:44:29 AM  

NIXON YOU DOLT!!!!!: The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?

came in to ask exactly this. although I only get asked to show my card in around one out of every hundred transactions or so.


The back has your name and a place to sign it.

https://twitter.com/coin/status/401052745764859905
 
2013-11-16 10:54:01 AM  
They should make it a hardwired connection instead of bluetooth to program the thing so this can't be hacked by someone just standing next to you.

Otherwise, it's no more or less secure than any other card (it's not like you can't pick up a device to read and copy a swipe-strip's data for like ten bucks).  Actually, perhaps slightly more, since now all the verification numbers will just be stuff you have to memorize so if the thing's physically stolen it can't be used online.

The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?


Depends.  If it's signature verification or a picture you're talking about, I imagine printing/markering those on the back-plate won't be terribly hard.

If you're talking about verification numbers, physically present merchants don't check those anyhow.  As mentioned above, that's actually nice since someone that physically steals the card won't be able to use it online.
 
2013-11-16 11:01:14 AM  
Wait, I've already got only 1 credit card.  How's this help?

/wtf are you farkers doing?
//how do you manage all those accounts?
 
2013-11-16 11:03:27 AM  
And finally Google learned the craft of card making.

With it, earth is his, he cannot be overcome.
 
2013-11-16 11:04:33 AM  
Props to @lonelysandwich, killing it with his startup videos.
 
2013-11-16 11:09:38 AM  

Jim_Callahan: They should make it a hardwired connection instead of bluetooth to program the thing so this can't be hacked by someone just standing next to you.

Otherwise, it's no more or less secure than any other card (it's not like you can't pick up a device to read and copy a swipe-strip's data for like ten bucks).  Actually, perhaps slightly more, since now all the verification numbers will just be stuff you have to memorize so if the thing's physically stolen it can't be used online.

The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?

Depends.  If it's signature verification or a picture you're talking about, I imagine printing/markering those on the back-plate won't be terribly hard.

If you're talking about verification numbers, physically present merchants don't check those anyhow.  As mentioned above, that's actually nice since someone that physically steals the card won't be able to use it online.


Is the checking the back signature a US thing? In Canada, most cards have chips and PINs. I only sign for things in the States, at home there's no need.
 
2013-11-16 11:19:02 AM  
www.pagetable.com
 
2013-11-16 11:20:15 AM  

WhackingDay: NIXON YOU DOLT!!!!!: The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?

came in to ask exactly this. although I only get asked to show my card in around one out of every hundred transactions or so.

The back has your name and a place to sign it.

https://twitter.com/coin/status/401052745764859905


Does it also use the same material that the CCs currently use, the stuff that's designed to repel ink?
 
2013-11-16 11:25:09 AM  
Wow a just what every waitress and greasy guy behind the auto parts counter at the junkyard needs a compact card skimmer that integrates into a cell phone you already carry.
 
2013-11-16 11:30:35 AM  

Hebalo: Is the checking the back signature a US thing? In Canada, most cards have chips and PINs. I only sign for things in the States, at home there's no need.


Depends what company is issuing and checking the card, what kind of financial product the card represents, and sometimes just what services you signed up for.  Signature verify is probably being phased out and most people don't check anyhow, so most cards still have the space to sign 'em as a legacy systems thing.

PINs are pretty universal for products connected to a bank account directly like debit cards, RFID chips are seen a lot in credit cards (higher convenience) but not usually an option in debit cards (higher security).  Verification codes (i.e. a number printed on the card but not stored on the strip/RFID tag) are pretty universal, but obviously used only for online/phone purchases since they jsut establish you've got the physical card.

Honestly, I doubt it's much different from the standards in Canada, probably the requirements and standards vary as much or more from state to state as they do going across the national border, that's how it usually works.  Which state are you getting signature-checked, and for what?  I usually am not in Texas unless I'm buying something 1000$+ in price.
 
2013-11-16 11:31:52 AM  
From their FAQ:
Q. Can a Coin be used to skim cards?

A. No. You can only add cards that you own to your Coin.

By "own", I assume they mean have in your hand because there's no external validation means possible for the vast majority of cards and for the type of cards that do, there's no standard means of validating via that PIN or security question.
 
2013-11-16 11:32:04 AM  
Prediction:  In about two years once its reached popularity saturation in some technophile area like San Fran we're going to hear about a hilarious little hacker who'll yoink the whole database in one shot off of their cloud backup, because you just know the data isn't purely local between your smartphone's app and the device.
 
2013-11-16 11:37:06 AM  
Headline should have been a LOTR reference.
 
2013-11-16 11:41:47 AM  

Hebalo: Is the checking the back signature a US thing? In Canada, most cards have chips and PINs. I only sign for things in the States, at home there's no need.


I long for the day we get chip & pin in the US.  The mag-stripe infrastructure is too embedded here and the retailers lobby won't let the credit companies convert because it would cost them money to reduce the bank's fraud expense.  The retailers have no reason to change because they're not liable for fraud.
 
2013-11-16 11:42:12 AM  

Mr. Eugenides: From their FAQ:
Q. Can a Coin be used to skim cards?

A. No. You can only add cards that you own to your Coin.

By "own", I assume they mean have in your hand because there's no external validation means possible for the vast majority of cards and for the type of cards that do, there's no standard means of validating via that PIN or security question.


Yeah, I saw that and started laughing. It made me feel so much better that it can't be used to skim cards because the FAQ says so.
 
2013-11-16 11:42:21 AM  

vossiewulf: Ah yes, I always prefer losing ALL my cards at once. I really, really enjoy talking to bank and credit card agents.

/remember kids single points of failure are awesome


And we're done.
 
2013-11-16 11:45:24 AM  

FrancoFile: vossiewulf: Ah yes, I always prefer losing ALL my cards at once. I really, really enjoy talking to bank and credit card agents.

/remember kids single points of failure are awesome

And we're done.


Realistically, wouldn't you keep the physical cards as well in a safe or file or something?  If the card doesn't function more than 5 feet from your cell phone or whatever, and you lose it, you just have to go back to a billfold for a few weeks while you order another one.
 
2013-11-16 11:52:04 AM  
This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?
 
2013-11-16 11:54:56 AM  
1.bp.blogspot.com
 
2013-11-16 11:57:40 AM  
Far be it for me to hash on this "everything is going to go wrong" buzz the thread has going, but this seems cool to me.
 
2013-11-16 12:05:23 PM  
I would be concerned about the waiter pressing the button and changing which card I want to use.
 
2013-11-16 12:12:29 PM  

BumpInTheNight: Prediction:  In about two years once its reached popularity saturation in some technophile area like San Fran we're going to hear about a hilarious little hacker who'll yoink the whole database in one shot off of their cloud backup, because you just know the data isn't purely local between your smartphone's app and the device.


media.web.britannica.com

smhttp.14409.nexcesscdn.net

s.ecrater.com
 
2013-11-16 12:40:53 PM  

WhackingDay: NIXON YOU DOLT!!!!!: The Beatings Will Continue Until Morale Improves: Since this doesn't have any of the security features of a regular charge plate, how do you prove it's yours to a merchant?

came in to ask exactly this. although I only get asked to show my card in around one out of every hundred transactions or so.

The back has your name and a place to sign it.

https://twitter.com/coin/status/401052745764859905


I always sign the back of the card ASK FOR I.D.
 
2013-11-16 12:42:33 PM  

melkson: This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?


Wouldn't it be possible for them to just lock it down to the registered name? From my quick glance at Wikipedia, it looks like the customer name is stored on the magnetic strip.

You buy the device, activate it with the name John Doe, and it will only accept cards with the name John Doe from there on out. Seems like that's be a pretty trivial way to defeat skimming.
 
2013-11-16 12:43:04 PM  

vossiewulf: Ah yes, I always prefer losing ALL my cards at once. I really, really enjoy talking to bank and credit card agents.

/remember kids single points of failure are awesome


Think about it for another minute, and you'll see why what you say is nonesense.

/clue: your old cards are at home, and the new card deactivates itself if it is away from you for a given period of time.
/Ok I guess that wasnt REALLY a clue, but i wasnt sure you'd get it unless i spelled it out.
 
2013-11-16 12:44:03 PM  
Not that this does any good helping me pay the parking ticket I incurred over on the butt-end of the state a few weeks ago (rolled up to a business appointment with just enough time to spare; decided to eat the cost of a ticket instead of make them wait for me, so yeah, I admit that was poor planning on my part).

No online fine payment system in the delightful municipality of Counciltucky.  Do not mail cash under penalty of one thousand years of pain.  Since you live in the region of the state that has joined the 21st century and you haven't touched a check in years, go directly to bank and request money order.

Money order will cost $5.00 to obtain, which is over half the cost of the fine itself.

There's a Seinfeld episode begging to be written somewhere in this tragicomedy.

"Yes!  Yes!  Lock me up and throw away the key!!  I don't want to live on this planet anyway!!"

encrypted-tbn0.gstatic.com
 
2013-11-16 12:44:56 PM  
If it alerts you via smartphone when you walk away from the card, does your phone start squawking every time the waiter takes it to the register?  Seems kinda counterproductive.

Ideally the card should send a message back to the smartphone indicating that $XX.XX was charged to your American Express, please do not authorize the charge slip if this is incorrect.  A bit of a comfort and failsafe thing that the card isn't being used for shenanaigans.
 
2013-11-16 12:54:25 PM  

PleaseHamletDon'tHurtEm: Not that this does any good helping me pay the parking ticket I incurred over on the butt-end of the state a few weeks ago (rolled up to a business appointment with just enough time to spare; decided to eat the cost of a ticket instead of make them wait for me, so yeah, I admit that was poor planning on my part).

No online fine payment system in the delightful municipality of Counciltucky.  Do not mail cash under penalty of one thousand years of pain.  Since you live in the region of the state that has joined the 21st century and you haven't touched a check in years, go directly to bank and request money order.

Money order will cost $5.00 to obtain, which is over half the cost of the fine itself.

There's a Seinfeld episode begging to be written somewhere in this tragicomedy.

"Yes!  Yes!  Lock me up and throw away the key!!  I don't want to live on this planet anyway!!"

[encrypted-tbn0.gstatic.com image 286x176]


Really?
One of the 2 reasons to have a checkbook.  Credit Unions especially won't charge you fees for having a combined checking/savings acct w/ debit card.

1) taxes, fines, other govt stuff

2) large payments to small retailers so they don't have to eat the 1-2% fee.  If I'm buying 5-6 cases of wine, I'll bring my checkbook and the guy will give me a freebie as a thank-you.
 
2013-11-16 01:00:10 PM  

melkson: This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?


Good thing you are the only retailer on the planet, then!
 
2013-11-16 01:10:03 PM  

SCUBA_Archer: If it alerts you via smartphone when you walk away from the card, does your phone start squawking every time the waiter takes it to the register?  Seems kinda counterproductive.

Ideally the card should send a message back to the smartphone indicating that $XX.XX was charged to your American Express, please do not authorize the charge slip if this is incorrect.  A bit of a comfort and failsafe thing that the card isn't being used for shenanaigans.


Or when a bar holds your card while keeping the tab open?
 
2013-11-16 01:16:17 PM  

FrancoFile: PleaseHamletDon'tHurtEm: Not that this does any good helping me pay the parking ticket I incurred over on the butt-end of the state a few weeks ago (rolled up to a business appointment with just enough time to spare; decided to eat the cost of a ticket instead of make them wait for me, so yeah, I admit that was poor planning on my part).

No online fine payment system in the delightful municipality of Counciltucky.  Do not mail cash under penalty of one thousand years of pain.  Since you live in the region of the state that has joined the 21st century and you haven't touched a check in years, go directly to bank and request money order.

Money order will cost $5.00 to obtain, which is over half the cost of the fine itself.

There's a Seinfeld episode begging to be written somewhere in this tragicomedy.

"Yes!  Yes!  Lock me up and throw away the key!!  I don't want to live on this planet anyway!!"

[encrypted-tbn0.gstatic.com image 286x176]

Really?
One of the 2 reasons to have a checkbook.  Credit Unions especially won't charge you fees for having a combined checking/savings acct w/ debit card.

1) taxes, fines, other govt stuff

2) large payments to small retailers so they don't have to eat the 1-2% fee.  If I'm buying 5-6 cases of wine, I'll bring my checkbook and the guy will give me a freebie as a thank-you.


I do have a sheaf of checks somewhere.  It's probably in one of my old unused European carryalls.  Digging it out is less fun than griping about Counciltucky right now.

/first world problems, etc.
 
2013-11-16 01:24:55 PM  

fang06554: melkson: This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?

Wouldn't it be possible for them to just lock it down to the registered name? From my quick glance at Wikipedia, it looks like the customer name is stored on the magnetic strip.

You buy the device, activate it with the name John Doe, and it will only accept cards with the name John Doe from there on out. Seems like that's be a pretty trivial way to defeat skimming.


I was thinking the same thing.  Or you could use the billing zip like gas pumps do.  Or both.

Not that the dongle couldn't probably be cracked somehow, but it seems like building your own skimmer would be easier and cheaper.
 
2013-11-16 01:36:19 PM  

melkson: This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?


Hard to believe the internet is crushing you.
 
2013-11-16 01:46:49 PM  
So if the battery in my phone dies (due to the fact that I now have to leave Bluetooth on) I have no money, this is stupid
 
2013-11-16 01:52:22 PM  

bacongood: Or when a bar holds your card while keeping the tab open?


They can technically do that by holding the number and entering it manually for your tab at the end of the night.  I'm not sure whether it's currently legal but some of the 'tenders I know have done it for me (at my request, so I can just walk out at the end of the night instead of waiting in queue for half an hour to close the tab).

chitownmike: So if the battery in my phone dies (due to the fact that I now have to leave Bluetooth on) I have no money, this is stupid


I nominate this for first actual valid objection in the thread.  That  would kinda suck.

// though I'd add that for most people this device solves a nonexistent problem anyhow... sure, a lot of people  have multiple credit cards, but why would you need to carry more than one at a time (and a backup debit card in case it's shut down for some reason)?
 
2013-11-16 02:03:43 PM  

Jim_Callahan: bacongood: Or when a bar holds your card while keeping the tab open?

They can technically do that by holding the number and entering it manually for your tab at the end of the night.  I'm not sure whether it's currently legal but some of the 'tenders I know have done it for me (at my request, so I can just walk out at the end of the night instead of waiting in queue for half an hour to close the tab).

chitownmike: So if the battery in my phone dies (due to the fact that I now have to leave Bluetooth on) I have no money, this is stupid

I nominate this for first actual valid objection in the thread.  That  would kinda suck.

// though I'd add that for most people this device solves a nonexistent problem anyhow... sure, a lot of people  have multiple credit cards, but why would you need to carry more than one at a time (and a backup debit card in case it's shut down for some reason)?


Writing down your number on a piece of paper is bad.  Like, crossing the streams bad.
 
2013-11-16 02:30:59 PM  

PleaseHamletDon'tHurtEm: Money order will cost $5.00 to obtain, which is over half the cost of the fine itself.


Just about any gas station will happily sell you a money order, some for as low as 39¢. I believe Walmart charges 70¢. Any Post Office can also sell you one, I believe they charge a whole $1.00.
 
2013-11-16 02:46:11 PM  

Southern100: PleaseHamletDon'tHurtEm: Money order will cost $5.00 to obtain, which is over half the cost of the fine itself.

Just about any gas station will happily sell you a money order, some for as low as 39¢. I believe Walmart charges 70¢. Any Post Office can also sell you one, I believe they charge a whole $1.00.


I'ma check these places next, thanks.  I know the PO sells 'em but the bank was en route.
 
2013-11-16 02:55:44 PM  

KarmicDisaster: Soooo.......


Mooltipaas at least has a picture of the owner on it.
 
2013-11-16 03:20:55 PM  
I like the mooltipass concept but not this version. Bluetooth + phone app + battery = no. I'd like a bank issued debit card that can also emulate all my store loyalty cards, no external app required.
 
2013-11-16 03:23:39 PM  

melkson: This will be a great thing for identity thieves who don't want to carry around 200 bank cards their skimmers recorded. Just one card, and if the police take it and don't have your phone, can't access the data on it. I hope it comes with remote wipe too, so they can just have a friend wipe it and the evidence is gone!

I do know that as a merchant, I would NOT allow one of these for purchasing at my store. To me it's about the same as coming in with your CC number written on a piece of paper and asking to use that. Yes, my system COULD accept the numbers typed in manually, but if it was fraudulent, I'm guessing i'd be stuck with the loss as I would not have used 'Due Diligence'.

/ yes I DO look at the back of cards and compare signatures
// I understand it's your husbands card ma'am, and I will require HIM to sign for the purchase as I don't know you.
/// No, I won't give you $100 cash back on a $5 purchase, do I LOOK like an ATM?


WHY?

"well sir your ID picture doesn't look anything like you, but the signature from your ID matches your CC signature, so it looks legit."

/you know how I know you don't actually do what you're claiming to do?
 
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