Smartphone credit cards coming soon! Interview with Visa & Mastercard

12 Responses to “Smartphone credit cards coming soon! Interview with Visa & Mastercard”

money28390, on April 16th, 2007 at 8:06 am Said:

I personally think it’s the best idea since slice bread.
Joad, on April 16th, 2007 at 5:30 pm Said:

Big Brother is doing handstands over this. Personally I’ll opt for the “cool” new “radical” forehead tattoos that Amex is coming out with. No burden of carrying around my device to go shopping.

Paying cash for a box of Chicken Mcnuggets will soon be just for luddites and people that just don’t “get it.” Maybe McDonalds will soon no longer even allow you to dirty their employees hands with such dirty stuff.

If we can’t route every little part of our lives through the computers of Credit Card companies and have the opportunity to pay them 20-30% annual interest on top of their $35+ late fees…. then the terrorists have truly won. Thank g-d these companies have “our best interests” at heart as usual.

BTW - isn’t a credit card quite a bit thinner than the thinnest cell phone anyway? Other than the technological “wow” factor of this stuff - what’s the point?
explisiv, on April 16th, 2007 at 6:01 pm Said:

oh yeah. now you dont have to worry about ppl trying to write your credit card numbers down. and the phone is on your hip while your wallet is in your back pocket or deep in your purse! i want the sd card version. they need to make it where i can store other stuff as well.
gqballa, on April 16th, 2007 at 8:16 pm Said:

Finally is coming to NA.

japan has had this technolgy for a long time.
bouj_7169, on April 17th, 2007 at 1:31 am Said:

I just want to say THANKS to Slingmedia for coming out with the beta TV program for palm OS, and thanks to Mytreo for posting the news on it way ahead of time. Keep up the Great work!!!
faslane, on April 19th, 2007 at 3:16 am Said:

Maybe I missed something, but what if your phone is stolen, and the thief goes shopping before you relize it’s gone?

Faslane
msumulong, on April 19th, 2007 at 4:51 am Said:

We’ve tried something similar in the Philippines (actually it’s more of a debit card). It never took off as you’re more likely to lose your cell phone rather than your credit card. Also aside from the initial wow factor, using your cell phone Treo or otherwise, it’s a bit OT. Joad and Faslane are correct.
ericrwalker, on April 23rd, 2007 at 9:43 pm Said:

I already have this in my Treo 750, I took apart my citicard paypass and put the device on the back cover.

FYI for the person who ask if you lose your phone, just report your cards stolen.
littlekid440, on April 24th, 2007 at 2:32 pm Said:

agreed. best thing to happen since bread. for all those people who complain about late fees… pay your bill on time and you won’t have a problem. and if you are not smart enough to know when your bills are due get a prepaid credit card that way you can still be part of the group.
Joad, on April 24th, 2007 at 6:18 pm Said:

in reply to ‘littlekid’: look up the antics of “Providian Bank” to see the kind of games banks can play to be sure even people that always pay on time and in full get whacked with fees. (Providian got busted for holding and/or shredding payments. Doubt they were just “one bad apple”). Don’t be naiive - the present game of card providers is shrinking the grace period to 20 days, sending bills out days late from across the country and expecting remittance to same. With this, they’ve bumped the “fees” and usurious “interest” into the stratosphere. You’ll eventually get nailed - they have designed it that way.

I use CC’s as wisely as I can - cash rebates and purchase protection, and *always* pay the full balance each month. But they are a devil’s deal if you use them as a “loan” - once they hook you into thinking that way, you might as well start smoking crack because your life will be equally destroyed.

Again, if you can’t pay *cash* for your chicken mcnuggets - perhaps you should be eating elsewhere and not charging it via your CC or cell phone. But, do as you will - it’s your life.
jhonnieblack, on April 26th, 2007 at 7:39 am Said:

joad and faslane are right. how can i report that my card is stolen if i not even have the phone to do that??? may i run as fastest as i can to the nearest working phone booth? may i wait to arrive at home to call from the landline? how many time i have given to the thief to purchase as many things as he could if i dont know how many time has been the “credit phone” in their hands??? can the report call be on-time??? i hope im the paranoidicious as i can be and there were several ways of protect the money and the thing can really be as safe as an issued plastic card (im not telling the plastic is safe anyways). thanks a lot and please give me a lead about the security in that new way of let my smartphone the smartest as he can be.
AlexEvo, on July 8th, 2007 at 7:53 am Said:

What they need to do is either make it so even if you are swiping your phone once it recognizes that it asks you on your phone for some sort of PIN or password. Plus what they need to add to this is first the PIN/password feature, then also have it prompt you to which credit card you want to charge it to or perhaps you want to use your check(debit) card, etc. I know most of us that have credit cards have more than 1. Just my $.02