"contactless" credit cards

[her34]

http://news.zdnet.com/2100-9588_22-5589512.html?tag=zdfd.newsfeed

consumers need only wave credit and debit cards within a few inches of a reader to complete a purchase

more convenient?

 

[Schadenfreude]

Wow; when you think of all the computations and labor that went into designing that, the quote from an exchange student always come sup in my head:

"Americans work so hard to be so lazy".

 

[natto fire]

Here's hoping that it gives you cancer some way...

 

[imported_Mike]

How would that not increase fruad?

 

[gsaldivar]

Originally posted by: Jehovah
"Americans work so hard to be so lazy".

:roll:

 

[Baked]

They have that already, it's called a freaking barcode.

 

[Mill]

Originally posted by: CheapArse
How would that not increase fruad?

Doubtful. I've got 18 credit cards and never experienced fraud.

 

[PowerMac4Ever]

Originally posted by: Jehovah
Wow; when you think of all the computations and labor that went into designing that, the quote from an exchange student always come sup in my head:

"Americans work so hard to be so lazy".

More like Americans want to get common tasks done even quicker so they can work more. More work = more $$ for all the sweet things available for Americans to buy.

 

[her34]

Originally posted by: PowerMac4Ever

Originally posted by: Jehovah
Wow; when you think of all the computations and labor that went into designing that, the quote from an exchange student always come sup in my head:

"Americans work so hard to be so lazy".

More like Americans want to get common tasks done even quicker so they can work more. More work = more $$ for all the sweet things available for Americans to buy.

waving a card would save that much more time than swiping?

 

[StageLeft]

Oh thank CHRIST for this. I swear one of the worst things ON THE PLANET is having to actually direct my card into that tiny slot and swipe it. I've lost three fingers doing it, two years off my life, and about $65k. This is truly the best, most useful invention ever. THIS IS SO SWEET!!!

 

[wiredspider]

But what if a person has multiple CCs like that, then could it be possible to charge all of them or something? Seems rather unsecure, I mean what if someone somehow got the reader and was able to walk around capturing people's data...

 

[Mo0o]

Originally posted by: Mill

Originally posted by: CheapArse
How would that not increase fruad?

Doubtful. I've got 18 credit cards and never experienced fraud.

Why do you need 18 credit cards? Rotation?

 

[StageLeft]

Originally posted by: Mo0o

Originally posted by: Mill

Originally posted by: CheapArse
How would that not increase fruad?

Doubtful. I've got 18 credit cards and never experienced fraud.

Why do you need 18 credit cards? Rotation?

Pimps gotta roll large, and you need large bank to finance that, you know that.

 

[NakaNaka]

I had an idea like this a while ago. This is the beginning of a phasing out of paper money (which won't happen, but things like this make it a lot more possible)

 

[MrYAK]

I dont see this taking off. thats just me though.

 

[NutBucket]

Speedpass anyone?