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Razeus
Posts: 379
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How do you feel about NFC and mobile payments?

‎09-06-2012 07:40 AM

It seems a new wave of processors are coming (if not already here) our way.

 

How do you feel about putting your credit cards on these things for payments?  

Personally, I don't see how this is easier or faster than whipping out your card and sliding it.  I actually prefer cards to have built in chip/pin, but that hasn't happend so much in the US. 


Besides, how else am I suppose to show of my It card?

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bribro
Posts: 977
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Re: How do you feel about NFC and mobile payments?

‎09-06-2012 09:12 AM

If they could develop a software algorithm whereby you waved your phone and the credit card with the best rewards for that particular purchase was automatically chosen, that would be a worthy value-add.

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SwampSystems
Posts: 345
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Re: How do you feel about NFC and mobile payments?

‎09-06-2012 03:28 PM

I've been playing with Google Wallet but have found the entire experience to be extremely unreliable, if it works at all. Could just be my phone, but their system definitely has some issues to be worked out.


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trumpet-205
Posts: 1,915
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Re: How do you feel about NFC and mobile payments?
[ Edited ]

‎09-06-2012 03:34 PM - edited ‎09-06-2012 03:34 PM

I actually prefer integrated NFC inside the credit card. Not those tap thing you stick on a phone or mobile payment like Google Wallet.

 

But before all that, lets get EMV here in US first (even if it is chip and signature at the moment, since our ATM isn't equipped with chip and PIN yet). Let's get rid of magnetic strip.

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jsucool76
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Re: How do you feel about NFC and mobile payments?

‎09-06-2012 05:08 PM

Bribro, i remember hearing about something like that on this forum. You basically put all your account info into your new account, and you get a card, and it, somehow in the 10 seconds adter swiping, decides which card would give you the best rewards on that purchase.
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trumpet-205
Posts: 1,915
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Re: How do you feel about NFC and mobile payments?

‎09-06-2012 05:27 PM

jsucool76 wrote:
Bribro, i remember hearing about something like that on this forum. You basically put all your account info into your new account, and you get a card, and it, somehow in the 10 seconds adter swiping, decides which card would give you the best rewards on that purchase.

You mean Wallby card. That card charges $50 AF, making it quite useless.

 

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squirrely2005
Posts: 83
Registered: ‎02-01-2012
Re: How do you feel about NFC and mobile payments?

‎09-06-2012 06:13 PM

I don't care for it. It's so much easier to just swipe a card. Simplicity is what it's all about.

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jsucool76
Posts: 2,737
Registered: ‎12-11-2011
Re: How do you feel about NFC and mobile payments?

‎09-07-2012 01:33 PM

trumpet-205 wrote:
jsucool76 wrote:
Bribro, i remember hearing about something like that on this forum. You basically put all your account info into your new account, and you get a card, and it, somehow in the 10 seconds adter swiping, decides which card would give you the best rewards on that purchase.

You mean Wallby card. That card charges $50 AF, making it quite useless.

 

I did not know it had an AF...thats BS haha. 

 

I didn't even know it had been released yet. 

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firesoul453
Posts: 142
Registered: ‎08-24-2012
Re: How do you feel about NFC and mobile payments?

‎09-07-2012 01:45 PM

bribro wrote:

If they could develop a software algorithm whereby you waved your phone and the credit card with the best rewards for that particular purchase was automatically chosen, that would be a worthy value-add.

That might have to be my next android project!

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DaveSignal
Posts: 904
Registered: ‎07-29-2011
Re: How do you feel about NFC and mobile payments?

‎09-07-2012 01:54 PM

squirrely2005 wrote:

I don't care for it. It's so much easier to just swipe a card. Simplicity is what it's all about.

If you ever spent some time outside the USA, especially Western Europe, you wouldn't say that.  Swipe transactions are the most awful, time-consuming headache immaginable.  Simplicity is a fast and universal solution.  USA needs EMV.   After that, NFC for small purchases would be a neat add-on.


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