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dr_gonz
Registered: 08/18/03
Posts: 44,654
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#13494279 - 11/16/10 05:56 PM (13 years, 3 months ago) |
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494301 - 11/16/10 05:59 PM (13 years, 3 months ago) |
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Yeah just the other day I saw a pizza place advertising this, thought it was a good idea.
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,374
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494584 - 11/16/10 06:41 PM (13 years, 3 months ago) |
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Awesome.
My credit card has the little chip in it for instant purchases. Doesn't even need to be swiped in a lot of stores.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: You may be able to pay with your phone soon [Re: badchad]
#13494589 - 11/16/10 06:43 PM (13 years, 3 months ago) |
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I wonder how they would prevent fraud with these? A pin code system?
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dr_gonz
Registered: 08/18/03
Posts: 44,654
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494607 - 11/16/10 06:47 PM (13 years, 3 months ago) |
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Quote:
badchad said: Awesome.
My credit card has the little chip in it for instant purchases. Doesn't even need to be swiped in a lot of stores.
That sure as hell sucks if it gets stolen
Quote:
dr_gonz said: how does the credit card chip work? just wave it in front?
Yep
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,374
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494619 - 11/16/10 06:48 PM (13 years, 3 months ago) |
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Yeah.
I assume it's RFID. It needs to be very close. For all practical purposes, the card needs to touch the reader. This is only marginally quicker (if at all) than the outdated "swipe"; but the novelty is there.
I carry all my bonus cards on my phone already (grocery store cards, gas cards etc.). The phone can capture the bar code, and re-display it for scanning. THAT is actually very handy. Before I had it, I constantly forgot all my "super saver" and club cards. Now they are always with me.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,374
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Re: You may be able to pay with your phone soon [Re: ChinChiller]
#13494639 - 11/16/10 06:51 PM (13 years, 3 months ago) |
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Quote:
Errolscool said: That sure as hell sucks if it gets stolen
I still need to sign for purchases over a certain amount (maybe $50). Personally though, I only have two cards, so I would immediately notice if it were gone.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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dr_gonz
Registered: 08/18/03
Posts: 44,654
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,374
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494695 - 11/16/10 07:01 PM (13 years, 3 months ago) |
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Quote:
dr_gonz said: So you just wave the card in front of the same machine that you can swipe the old fashioned way?
Yes. But it's the "new" and updated way of using your credit card.
Quote:
dr_gonz said: I always figured the new Verifone credit card machines were equipped with RFID readers. 
Probably. The RFID reader is at the top of the area you swipe your card into.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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Nexius
Ruler



Registered: 06/24/07
Posts: 3,960
Loc: Earth
Last seen: 13 years, 25 days
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Re: You may be able to pay with your phone soon [Re: dr_gonz]
#13494712 - 11/16/10 07:06 PM (13 years, 3 months ago) |
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Quote:
dr_gonz said: I'm looking forward to when the microchip goes directly into my body, but in the meantime this will do 
How does everyone feel about this convenience? Your phone will need the NFC chip.
http://www.msnbc.msn.com/id/40221461/ns/technology_and_science-wireless/?gt1=43001#
You may be able to pay with your phone soon
By Maria Aspan and Sinead Carew
NEW YORK — Three of the top four U.S. mobile service providers — Verizon Wireless, AT&T and T-Mobile USA — are working together to build a network that would let consumers pay for goods with their phones.
Their Isis joint venture, which was formally announced on Tuesday, plans to take market share from dominant payment networks Visa and MasterCard, which currently process most U.S. credit and debit card payments. Sources told Reuters on Monday that an announcement was imminent.
Isis said the network would use Discover Financial Services' national payment network at its roughly 7 million U.S. merchant partners and that Barclaycard U.S., a unit of Barclays Plc is expected to be the first lender on the network to offer mobile payment products.
"We're a competitive alternative" to Visa and MasterCard, Isis CEO Michael Abbott told Reuters in an interview on Tuesday. Abbott, a former GE Capital credit cards executive, was named chief executive of the venture on Tuesday.
Major banks, mobile phone companies and card processing networks are vying to enter the emerging U.S. market for mobile payments, which some say could eventually replace credit and debit cards as a primary means of payment.
The idea behind mobile payments is for consumers to be able to wave their phone at a machine to pay for items such as train tickets, potentially eliminating the need to carry a wallet.
But while such services are popular in places such as Japan, they have been slow to take off in the United States. Only about 150,000 U.S. merchants accept contactless payments, which allow
Watching the competition After kicking off its service with just Discover and Barclays, Isis plans to become available to other merchants, banks and mobile operators, the company said.
The venture is a coup for Discover, the fourth-place U.S. processing network, which is trying to take market share after long lagging Visa, MasterCard and American Express.
"This is going to be a significant opportunity for us" to gain network volume, Discover payments services head Diane Offereins told Reuters in an interview. She would not provide more specifics about how much business Discover expects to gain from its participation in the venture.
Isis said the venture would introduce its product in certain areas in the next 18 months.
In the meantime, both Visa and MasterCard have been working with major U.S. banks to test their own versions of mobile payments. Visa, which has been testing smart phone payments with Bank of America, JPMorgan Chase & Co and Wells Fargo & Co, plans to make them more widely available to consumers by mid-2011.
Visa executives downplayed the possibility of increased competition from the mobile carriers on Tuesday. But "we're watching it," William Sheedy, Visa president of the Americas, told Reuters in an interview.
Special chip needed Isis will use a short-range wireless technology known as near-field communication (NFC), which enables an encrypted exchange of information between devices that are placed at a short distance to each other.
Consumers would need to upgrade their phone to a device that has an embedded NFC chip before they could use Isis.
Abbott would not name handset partners for the venture, but he has already had talks with "nearly everybody" and expects the technology eventually to be added to all phones.
He said the large customer base of the three carriers involved in the venture would be essential to its success.
Between them the operators have about 200 million customers, roughly half of which replace their phone in a given year, he said.
"There's a lot of science experiments out there that don't have the scale," he said, referring to the large customer base.
Abbott also said the company would add more banking partners to the venture.
"We fully anticipate we'll have a number of banking partners involved over the next several quarters," he said.
He refused to discuss the ownership structure of the venture or the amount of money each of its partners are investing.
Yeah until that battery fucking leaks, or it shatters under your skin
gg
-------------------- Light travels faster than sound, which is why some people appear bright, until you hear them speak
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: You may be able to pay with your phone soon [Re: Nexius]
#13494762 - 11/16/10 07:16 PM (13 years, 3 months ago) |
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Id take that risk.
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: You may be able to pay with your phone soon [Re: DieCommie]
#13494891 - 11/16/10 07:39 PM (13 years, 3 months ago) |
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I'll stick with cash TYVM.
If cash is too inconvenient for you you have problems.
There's an app for that?!
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: You may be able to pay with your phone soon [Re: Shins]
#13495188 - 11/16/10 08:35 PM (13 years, 3 months ago) |
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Its not the time of purchasing. I budget and account for the money I spend, which is much harder to do with cash.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: You may be able to pay with your phone soon [Re: DieCommie]
#13495635 - 11/16/10 10:31 PM (13 years, 3 months ago) |
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they've been doing this in japan for a while. will make buying drugs easier.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: You may be able to pay with your phone soon [Re: memes]
#13495659 - 11/16/10 10:39 PM (13 years, 3 months ago) |
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Quote:
meams said: they've been doing this in japan for a while. will make buying drugs easier.
Wouldn't it make it harder? How would it make it easier? What if this credit card company was able to track your movements and give up your location to the government? I think that is kinda shitty.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: You may be able to pay with your phone soon [Re: ChinChiller]
#13495954 - 11/17/10 12:03 AM (13 years, 3 months ago) |
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come on man. consumper protection FTW. additionally, the only people who would be "big" enough to bypass that would be NSA and the likes, adn they wouldn't waste time tracking down me as I purchase my 8th of weed.
You can already send money via your phone if u have ING direct (i think, i dunno, i saw a commercial).
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SpawnRun
Morchella esculenta



Registered: 11/12/10
Posts: 301
Loc: Oregon
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Re: You may be able to pay with your phone soon [Re: memes]
#13536203 - 11/24/10 04:11 PM (13 years, 3 months ago) |
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^^It IS a slippery slope. They may not be worried about you and your eighth initially, but who's to say they don't down the line? I don't like it....
-------------------- Clayton Wiseman
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