topic Re: All Credit Cards In One in Credit Cards

All Credit Cards In One

Anonymous — Thu, 28 Jun 2012 16:27:40 GMT

Has anyone else seen this? I am surprised that I haven't seen anything on here about it.

http://www.walla.by/

Re: All Credit Cards In One

xiownthisplacex — Thu, 28 Jun 2012 16:38:44 GMT

Is this legit? Anyone know anything about this?

Re: All Credit Cards In One

jsucool76 — Thu, 28 Jun 2012 16:58:17 GMT

After some research I saw a few articles about it on reputable websites like techcrunch and some from CNET authors, and they wouldn't write about it if it was some type of scam.

Re: All Credit Cards In One

mxp114 — Thu, 28 Jun 2012 19:10:49 GMT

I signed up for the beta, thanks for the info. Based on the name, I thought it was an Australian offer but it's for the US lol Sounds cool. I wonder what brand is the card? From the picture, seems like a Visa debit card that basically redirects the authorization to one of your existing cards. I wonder how this will work and whether banks will sue. Chargebacks? Disputes? Card present? etc.

Re: All Credit Cards In One

Anonymous — Thu, 28 Jun 2012 19:15:18 GMT

The actual card looks like it says Debit, so will rental car agencies take it?

Re: All Credit Cards In One

jsucool76 — Thu, 28 Jun 2012 19:25:49 GMT

It's probably not a visa or a mastercard. In my opinion, without reading most of the site, your credit card is still covering the purchase, so if it selects a visa, that is the card number that goes through, it probably just has a little chip in it that syncs with the data connection in your cell phone or something. It probably isn't backed by visa or MC. Thats just my opinion though, so dont quote me.

Re: All Credit Cards In One

CS800 — Thu, 28 Jun 2012 19:29:06 GMT

I was also wondering how it would swipe. Since it has to be a Visa/MC/AMEX/Discover . How will the card machine see it?

Re: All Credit Cards In One

Repo-ed — Thu, 28 Jun 2012 19:35:53 GMT

hmmm

Re: All Credit Cards In One

Anonymous — Thu, 28 Jun 2012 19:45:30 GMT

We'll just have to wait and see if it pans out. It sounds like a cool concept. The company just opened this week with funding from www.muckerlab.com . I think this business will really take off if they dedicate the man hours to find the best deals consistently.

Re: All Credit Cards In One

Cdnewmanpac — Thu, 28 Jun 2012 19:53:20 GMT

Here is a link to a better explanation: http://pandodaily.com/2012/06/26/wallaby-launches-the-cloud-wallet-of-today-based-on-a-smart-universal-payment-card/

PS. It is visa branded

Re: All Credit Cards In One

Anonymous — Thu, 28 Jun 2012 19:54:33 GMT

On another note why don't they have a real .com site instead of .by and they don't list the lender/bank they are processing through...

Re: All Credit Cards In One

Anonymous — Thu, 28 Jun 2012 20:01:40 GMT

@Anonymous wrote:
On another note why don't they have a real .com site instead of .by and they don't list the lender/bank they are processing through...

They are there own bank, Wallaby Financial, Inc.

Re: All Credit Cards In One

Revelate — Thu, 28 Jun 2012 20:11:13 GMT

Hrm, could be brilliant if it pans out, but I think the rewards management aspect is a little overstated. Most cards I've seen don't typically have rotating rewards categories, and even those are mostly per quarter rather than per month.

I am interested in seeing what override mechanisms they have, if it's easy, that might be a pretty simple way than storing my cards on a shelf and picking up a pair every given morning based on who I want transactions to run through for whatever reason (activity, rewards, or default every day). Most times I don't have unexpected purchases on a day to day basis, but if this service can cover that as well...

I'll certainly be following it with interest, assuming it processes over the Visa merchant network, it won't be an issue with it's being accepted at least.