Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




2866 posts

Uber Geek
+1 received by user: 685

Trusted
Lifetime subscriber

# 135164 16-Nov-2013 20:20
One person supports this post
Send private message

Is this the way of the future or another gimmick!





Galaxy S8

 

Garmin  Vivoactive 3




Create new topic
Mr Snotty
8596 posts

Uber Geek
+1 received by user: 4494

Moderator
Trusted
Lifetime subscriber

  # 935007 16-Nov-2013 20:43
Send private message

Seems interesting but doesn't support EMV, which means only one of my cards will work ;)




3449 posts

Uber Geek
+1 received by user: 451

Trusted

  # 935026 16-Nov-2013 21:44
Send private message

Good idea but only good for magnetic stripe.





 
 
 
 


1459 posts

Uber Geek
+1 received by user: 382


  # 935027 16-Nov-2013 21:49
Send private message

That thing he plugged in looked dumb ;p

2927 posts

Uber Geek
+1 received by user: 400


  # 935041 16-Nov-2013 22:34
Send private message

How would this work in regards to security other than the location thing? It doesn't have a chip, he didn't mention pins (Does each 'virtual' card have its own pin that matches the corresponding physical card? How does this work with Chip cards?)

Don't mean to shoot it down, I'd definitely get one if it went ahead and they proved themselves. But I wouldn't trust it yet.




Bachelor of Computing Systems (2015)

 

--

 

Late 2013 MacBook Pro with Retina Display (4GB/2.4GHz i5/128GB SSD) - HP DV6 (8GB/2.8GHz i7/120GB SSD + 750GB HDD)
iPhone 6S + (64GB/Gold/Vodafone NZ) - Xperia Z C6603 (16GB/White/Spark NZ)

Sam, Auckland 


72 posts

Master Geek
+1 received by user: 1


  # 935058 16-Nov-2013 23:41
Send private message

I think in the US they predominately use magnetic stripes and signatures more than the EMV and chip/pin standard. I read somewhere that although the rest of the world has shifted to it, EMV will be progressively rolled out starting in 2017! One of the examples being the square reader in the US is magnetic stripe based whereas here the BNZ Pay Clip is chip based.

1245 posts

Uber Geek
+1 received by user: 137


  # 935059 16-Nov-2013 23:46
Send private message

As far as I know if you swipe a chip card on a terminal that supports EMV chips, it will ask the operator to insert the card instead and hence this will fail on this. The swipe process is a backup I case it has problems reading the chip. Eftpos cards will probably work. The US financial sector is incredibly backwards with most cards still relying on the magnetic strip.

Having said that, we are seeing more NFC terminals of which this card will not take advantage of

826 posts

Ultimate Geek
+1 received by user: 197


  # 935082 17-Nov-2013 02:02
Send private message

I saw this today. I think it's a bit of a gimmick to be honest but then I don't see myself as the target market with only three cards. Once of the cards is a air nz/flybuys card which I still need to pull out to swipe the barcode anyway. Most loyalty cards (which I never use lol) I have work the same way.

They have said a chip version would be released at some point.

654 posts

Ultimate Geek
+1 received by user: 159


  # 935166 17-Nov-2013 11:50
Send private message

michaelmurfy: Seems interesting but doesn't support EMV, which means only one of my cards will work ;)


And if you lose your card, or it's stolen, you lose access to *ALL* your cards! After all why carry all your cards around when you have ONE card... 

And then there's the button press to change the card you're paying from. Nothing to stop the card being changed when you hand it over to a shop assistant/waiter, etc.

Eggs in one basket...

3297 posts

Uber Geek
+1 received by user: 1080

Trusted
Lifetime subscriber

  # 935169 17-Nov-2013 12:14
Send private message

Bit of a gimmick unless *everyone* starts using it, otherwise it's a great opportunity for skimmers.

5123 posts

Uber Geek
+1 received by user: 1431

Trusted
Microsoft

  # 935204 17-Nov-2013 13:36
Send private message

khull: As far as I know if you swipe a chip card on a terminal that supports EMV chips, it will ask the operator to insert the card instead and hence this will fail on this. The swipe process is a backup I case it has problems reading the chip. Eftpos cards will probably work. The US financial sector is incredibly backwards with most cards still relying on the magnetic strip.

Having said that, we are seeing more NFC terminals of which this card will not take advantage of


this is my experience too, trying to swipe a magstripe card that has a chip in a chipped terminal will fail.

27787 posts

Uber Geek
+1 received by user: 7271

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  # 936292 17-Nov-2013 20:27
Send private message

Biggest gimmick of all time. How anybody could get excited about this defies logic.

The US is one of the only markets resisting the move to EMV (but it is mandated from October 2016) so the product is useless for any financial products. In terms of other cards using mag stripe they're becoming fewer and fewer, NFC has replaced mag stripe for access control due to the complete lack of security, and many other loyalty products have moved from mag stripe to barcodes over the years to make POS integration easier.

Has this product been available 15 years ago there might have been some excitement.

Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

WLG-X festival to celebrate creativity and innovation
Posted 22-May-2019 17:53


HPE to acquire supercomputing leader Cray
Posted 20-May-2019 11:07


Techweek starting around NZ today
Posted 20-May-2019 09:52


Porirua City Council first to adopt new council software solution Datascape
Posted 15-May-2019 12:00


New survey provides insight into schools' technology challenges and plans
Posted 15-May-2019 09:30


Apple Music now available on Alexa devices in Australia and New Zealand
Posted 15-May-2019 09:11


Make a stand against cyberbullying this Pink Shirt Day
Posted 14-May-2019 20:23


Samsung first TV manufacturer to launch the Apple TV App and Airplay 2
Posted 14-May-2019 20:11


Vodafone New Zealand sold
Posted 14-May-2019 07:25


Kordia boosts cloud performance with locally-hosted Microsoft Azure ExpressRoute
Posted 8-May-2019 10:25


Microsoft Azure ExpressRoute in New Zealand opens up faster, more secure internet for Kiwi businesses
Posted 8-May-2019 09:39


Vocus Communications to deliver Microsoft Azure Cloud Solutions through Azure ExpressRoute
Posted 8-May-2019 09:25


Independent NZ feature film #statusPending to premiere during WLG-X
Posted 6-May-2019 22:13


The ultimate dog photoshoot with Nokia 9 PureView #ForgottenDogsofInstagram
Posted 6-May-2019 09:41


Nokia 9 PureView available in New Zealand
Posted 6-May-2019 09:06



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.