Tag Archives: DebitCard

Square’s new reader arrives to accept mobile payments and chip cards

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We've known about Square's new NFC-friendly reader for a while, and now the point-of-sale gadget is available for use. Starting today, 100 merchants in "select cities" (quite a few, actually) will begin accepting NFC-driven payments like Apple Pay, A...

Coin eight-in-one Bluetooth credit card adds security features, boosted pre-order availability

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Judging by the millions of YouTube views since it launched just last week, there's quite a bit of interest in Coin. The Bluetooth-enabled swipeable lets you add in identifying info from up to eight individual credit, debit, membership, loyalty and gift cards, and comes along with companion Android and iOS apps that boost functionality. While the applications enable you to save detailed card info for online purchases, push additional payment methods to Coin and access the Bluetooth-powered leash that will send an alert if you walk away without your card, the device works independently as well.

The company is announcing some additional security features today that should serve to ease at least some fraud concerns. Coin will include an "alarm" that tracks the number of times the card is swiped and sends an app alert if it suspects unauthorized use. It can also be locked to just one card before you hand it over at a store or restaurant, so a clerk can't accidentally (or deliberately) swap cards before swiping. Reps also responded to 50 questions on a new Q&A page, addressing additional security-related and function queries, including ATM compatibility (yes, it will work), photo ID storage (uh, no) and chip and pin support (not yet, but it's in the works). The firm is also releasing additional cards for pre-order, so if you want to get in before the price jumps to $100, there's still time to hand over 50 bucks (plus $5 shipping) at the source link below.

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Source: Coin

Google Wallet adds plastic to its payment repertoire, offers pre-paid debit card

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Much as Google Wallet tried to get NFC and phones in general to be the payment form of the future, it seems that the company has realized that many folks are still attached to plastic. To meet that luddite demand, today Google began offering a pre-paid Google Wallet debit card to give access to your Google-fied funds when you don't have your handset handy. The card is issued as a MasterCard and grants ATM access, and is currently only available to US residents who have already been through Big G's identity verification process. Should you fit into that category of folks, you'll find all the info needed to sign up at the source links below.

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Via: Droid Life

Source: Google Wallet (1), (2), Google Commerce

Google Wallet to phase out prepaid card, cut-off date set for October 17th

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Google Wallet to phase out prepaid card, cutoff date set for October 17th

Google Wallet's prepaid card concept has been plagued with its share of security concerns, and though Mountain View seems to have sorted out those issues, it's now phasing out the prepaid card program entirely. The service was intended to make up for a limited choice in debit and credit cards, and now that Google Wallet accepts any and all plastic, the prepaid option is a bit moot. The cut-off date for adding funds to a Google prepaid card is September 17th, and the prepaid option will vanish entirely on October 17th. Whereas users were previously charged $2.00 per month after 180 days without a transaction, they'll get slapped with the same fee after 30 days of no purchases. Google says you can request a refund if you have a remaining balance after the prepaid option kicks the bucket, though it's probably a good idea to just go ahead and spend those leftover dollars.



[Thanks, Chris]

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Google Wallet to phase out prepaid card, cut-off date set for October 17th originally appeared on Engadget on Mon, 10 Sep 2012 16:11:00 EDT. Please see our terms for use of feeds.

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MasterCard denies BitCoin card rumors, BitInstant says it’s still on track

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MasterCard shoots down BitCoin debit card rumors

Well, BitInstant is insistent that it will launch a BitCoin debit card, but MasterCard is claiming it will not be part of the plans. After a mock up of the plastic made the rounds featuring the company's logo, the financial powerhouse felt it necessary to reach out to us, clarifying its non-involvement.

"MasterCard has no relationship with BitInstant. There are issuers who allow the conversion of Bitcoins to US dollars and other currencies, delivered on prepaid cards. However, we're not aware of this particular programme from BitInstant."

Of course, if you read the transcript of Charlie Shrem's chat announcing the plans, he never actually names MasterCard. The logo was likely meant as a placeholder -- one that some outlets took a little too literally.

Interestingly, this doesn't actually mean that MasterCard won't be involved... just that the company isn't at this point in the process. BitInstant released its own statement, just hours after the card house contacted us, saying that it has been working with MasterCard affiliates, but had yet to submit to the financial firm directly.

"The card program is moving forward and the arrangement with MasterCard will be handled in due time at the proper stage of the process by the partners who work directly with that company."

So, what have we learned today? Not a whole heck of a lot actually, other than the fact that putting out a debit card is a complicated business. You'll just have to stay tuned to see how this shakes out.

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MasterCard denies BitCoin card rumors, BitInstant says it's still on track originally appeared on Engadget on Wed, 22 Aug 2012 19:58:00 EDT. Please see our terms for use of feeds.

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BitInstant founder says BitCoin debit card to launch within next two months

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BitInstantbacked BitCoin debit card to launch within next two months

A BitCoin debit card could be in your very near future thanks to the efforts of trader-backed BitInstant. That fund transfer outfit, dedicated solely to the digital currency, has partnered with an undisclosed international bank to launch a branded debit card within six to eight weeks. News of the development first surfaced yesterday during an online chat with company co-founder, Charlie Shrem, in which he confirmed the cards would cost users $10 apiece to purchase and carry a 1% bitcoin transfer fee, as well as $1.50 ATM withdrawal fee. To further streamline the exchange process, users will be able to make quick transfers under $1000 by scanning a QR code overlay on front or by accessing the personal BitCoin address listed on back -- all possible with a single confirmation. Initially, the cards will be denominated solely for USD, GBP and EUR, but more foreign currencies could soon be added in the lead up to its official debut. For now, those are the only bits Shrem was willing to share, as further details on this plastic alternative will be forthcoming prior to official launch. Until then, there's always AMEX.

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BitInstant founder says BitCoin debit card to launch within next two months originally appeared on Engadget on Mon, 20 Aug 2012 23:12:00 EDT. Please see our terms for use of feeds.

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iCache Geode claims title of first shipping iPhone e-wallet, asks ‘who needs NFC?’

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Geode wallet hands-on

Apple has been sending mixed signals as to whether or not it will bring NFC to the iPhone for mobile payments, but iCache clearly isn't waiting for the technology to show its face -- the company just started shipping its Geode e-wallet. As we saw just a few weeks ago, the Geode simply rolls existing credit and debit cards into a proxy GeoCard that's scanned at the store to handle transactions. Although it demands a specially-made case with an e-paper screen and fingerprint reader, not to mention an app to manage the attached cards, the choice lets an iPhone owner buy goods at all the usual places instead of having to hunt down special terminals. We like the one-card universe it creates, although it's clear the shopper has to carry a lot of the responsibility for making this digital payment dream a reality: at $200 a pop, the Geode's wallet-slimming effect carries a premium, especially since it won't work with anything besides an iPhone 4 or 4S.

iCache Geode claims title of first shipping iPhone e-wallet, asks 'who needs NFC?' originally appeared on Engadget on Fri, 01 Jun 2012 17:40:00 EDT. Please see our terms for use of feeds.

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Barclays releases PayTag: the NFC card you glue to your phone (video)

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If you don't have a fancy NFC-enabled phone then it's hard to join the mobile wallet club. Fortunately, Barclays has introduced the PayTag that turns any phone into a contactless card. It's a square of plastic a quarter the size of a credit card that's sticky on one side -- yup, you just jam it on the back of your phone and hey presto, you can buy sandwiches, or any purchase up to £15 (£20 from June), without opening your wallet. The sticky squares will be rolling out exclusively to British Barclaycard customers over the next few months, although we're not sure what it'll do to the trade-in value of your handset.

Continue reading Barclays releases PayTag: the NFC card you glue to your phone (video)

Barclays releases PayTag: the NFC card you glue to your phone (video) originally appeared on Engadget on Thu, 19 Apr 2012 05:35:00 EDT. Please see our terms for use of feeds.

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