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All your credit cards in one - Coin

Posted on 11/14/13 at 12:03 pm
Posted by BayouNation
Member since Sep 2008
2016 posts
Posted on 11/14/13 at 12:03 pm
LINK

Is this legit for $55?

I wonder about security and having to scan all my credit cards into my smartphone and then have that data sent over the airwaves to this new type of all in one card.
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 11/14/13 at 12:11 pm to
That is awesome... This just went on my christmas list
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 11/14/13 at 12:15 pm to
what's to stop the waiter or cashier from accidentally hitting the button and changing the card that's being used?

seems like a interesting idea but I have too many question that need answering before I put all of my info onto that thing...neat though
Posted by LSU6262
Member since Jun 2008
7525 posts
Posted on 11/14/13 at 12:55 pm to
Ok.

let's say I'm an intelligent thief. I work at say a bar or restaurant.

1. purchase "Coin"
2. swipe and capture image of several people's cards
3. ???
4. profit.
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24941 posts
Posted on 11/14/13 at 12:57 pm to
How many credit cards do you need to carry for this to be useful? I only carry two Amex cards. I don't see the point in reducing it to one.
Posted by Dooshay
CEBA
Member since Jun 2011
29879 posts
Posted on 11/14/13 at 1:02 pm to
awesome idea but a few things i can think of:

while it uses your regular cc, i can see businesses being confused and refusing to accept it as a form of payment; it doesn't have your name or an expiration or a ccid or even a card number on it.

you still need all of your cards to purchase stuff online or even some stores ask for an expiration or the last 4 to confirm your id

do you trust it enough to not malfunction when you are carrying it and not your other cards

some hacker will probably find a way to allow a waiter or anyone to dump all of your cc info to their phone

it seems like it would be really sensitive to damage

i really don't like the idea that it emits a bluetooth signal potentially radiating my entire credit information to anyone in the area.

eta: i see it shows last 4/exp.
also if it goes out of range it deactivates. it claims to have a range of 80ft, but if its like any of my other bluetooth devices that's more like 10ft.
This post was edited on 11/14/13 at 1:16 pm
Posted by Lsut81
Member since Jun 2005
80349 posts
Posted on 11/14/13 at 1:06 pm to
Cool idea but A LOT of potential problems
Posted by Putty
Member since Oct 2003
25499 posts
Posted on 11/14/13 at 1:13 pm to
When someone steals this bastard good luck trying to rely on your stolen/lost card protections.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1800 posts
Posted on 11/14/13 at 4:29 pm to
I could see there being a few issues with it, but in concept WANT.

Once the US starts using the more of the mobile card reading technology that you see in Canada and you don't have to let go of your card I can see this being much more feasible.
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 11/14/13 at 5:14 pm to
No offense, but things like this make me wonder how lazy or irresponsible some people are. Is it that difficult to keep 3-4 cards in your wallet? It's not like they're giant bricks you have to lug around with you, it's a damn credit card.

Why would I want to expose myself to God only knows how many issues in security and fraud simply to reduce my wallet weight/size by an ounce?
Posted by ragacamps
Member since Jan 2011
2997 posts
Posted on 11/19/13 at 5:49 pm to
Crazy. This was my product for my marketing class in college
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