This is definitely not going to work in the EU. All cards are chip and pin.

Damn, this thread gave me a headache. I use cash and an AMEX.. I don't even have a debit card or chips or apps or nothing. :(

Great app but I suspect there will be a problem in stores when they need the cvv2, I doubt any credit card companies would give you 0 liability if you start cloning your own cards.
Security issues could be solved by adding a finger print lock function or create some RFC chip lock system so if the RFC chip hdd out if reach it shuts down... it would probably work better and cheaper than the Bluetooth

This would copy your amex, debit card and everything else you swipe... including hotel key cards etc

I listened to a NPR spread about a week ago and CC companies are working on getting the new chip-and-PIN technology implemented all across... replacing the current visa, MC, Amex swipe cards.

Should be here in about 2 years (it's gonna take some time to replace millions of merchant CC devices) would have been here by now if it wasn't for the badass consumer protection we have...

But back to the OP, it's a fantastic idea, but what are they going to do in 2/3 years when every card had the chip-and-PIN technology ?

NO BANKING with mobile devices.....my opinion.

looks like veri nice idea but i will stick to cash. I dont use cards except my internet card for online payments.

very nice!

the chip is impossible to copy...the card was force swiped...we get this at my dads bank all the time...they did not copy the chip they swiped the chip card instead of inserting it for chip transactions...there are security measures in place for chip cards but some merchants will force swipe when the chip "does not work"...force swiping is a thing of the past because 100% of the time the merchant will be held accountable and not be payed out or get his card reader revoked by the issuing bank and /or sued...

the biggest mystery in banking, IMO, is why swipe cards are still being used...I used to think it was related to merchants still having outdated POS terminals that accept only swipe and not chip, but I was wrong, in my 3rd world country 95% of POS accepts chip...

I never use cash as my account gets all bent.. I get paid via wire and pay EVERYTHING with a wire or card or bank check

3rd world countries have a newer system than many old world countries... your country has nothing to replace

I think I will pass..nothing wrong with cash.

like I said.... the accountant does NOT like cash payments.

Minte's accountant is cooler than your accountant. He lets him use cash.

Accountants. Same fuck turds as lawyers.

We use a rather large firm for our accounting and they've never said a thing about me using cash for stuff. I bet if I took an envelope of c'notes in to pay them for their services they would be fine with it.

you way want to reconsider. i ordered 4 of them prepaid and canceled them for a refund. you can't buy them for others, your name must be imprinted on the card. the battery is rumored to not be great, so in 4 months when it dies, you cannot replace it. and, to top that off, card swiping is on its way out at some point. just some input, you're still of course entitled to do whatever you want. i was really jazzed on them in the beginning.

we had credit cards 30 years ago...granted the new banks in the region moved in with new tech and POS it might be up to that as well...chip + pin is the end of "carding" the success rate for carders is so low that it is not a viable business any more...

I don't know why anyone would pre-order one of these. The release date of the product is vague (and I bet will get pushed back), the tech they are using is unproven, who knows if they can even make this thing work.

I understand wanting one when it actually exists. But giving $100 to a company for a product that doesn't even exist yet seems like a very optimistic approach to life.

It's $50. And yes, I do have a very optimistic life. Why don't you?

yeah my account says as long as I keep receipts, just easier to use cards and checks

Jaded by life I suppose. I just don't see putting money in the pocket of a company that has no proven track record for a product that they may not have even developed a working model of yet. Like someone said earlier, it just seems to make sense to buy this after the first or second revision/upgrade.

I totally agree. It looks great now but that thing is a bull's-eye for thieves.
You know a company like Target has billion dollar state of the art security and they're saying that hackers stole the personal information of 110 Million people. And Neiman Marcus too.
Hows this little no name company going to fend off hackers?