Coin morphs all your cards into one card
— By Tyler Falk on November 18, 2013, 10:32 AM PST
I'm sorry... but all these new ways to pay for stuff just get in the way of actually buying things...RFID, too insecure...COIN, one word...battery! Cellphone charge? I have yet to work for a company where they did not supply me with a company cellphone. I've had a company supplied cellphone since the early 90s with 5 different companies. And I don't know about you, but I certainly don't want to put my personal banking information on a company owned phone! A device where they can, at any time they want, ask for it to be returned to them and they own not only the device, but all the content on the device...No...this does not bode well to me. In fact, the only time I had to purchase a phone is when i was unemployed for 2 months...then I got one of those pre-paid things.
Will be largely useless outside of US/Canada, where the more secure Chip and PIN technology is gaining ground and moving the game forward with Card to Bank P2P encryption.
Merging loyalty into an on-line presence, that could also keep track of purchases and eliminate the need for paper receipts would be a boon to customers - some allow e-mail receipts now, but it's only in some stores - Thomas Pink for example.
@neil.postlethwaite I agree, although even Canada is moving to Chip and PIN now. And will it store the security code off the back of the cards?