Barclays PayTag: NFC for smartphones

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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InCreditWeTrust
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Barclays PayTag: NFC for smartphones

Postby InCreditWeTrust » Sun May 06, 2012 2:32 pm

[video=youtube;uElc6VKr3Lc]http://www.youtube.com/watch?v=uElc6VKr3Lc[/video]

Check it out, I like the idea of incorporating NFC technology but the payment sticker is a bit too much. I don't like the idea of putting a sticker on the back of my iPhone with or without a case.


432521
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Postby 432521 » Sun May 06, 2012 8:57 pm

um that seems really unsafe
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August 2012- American Express Blue Cash Everyday

DavidNY
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Postby DavidNY » Sun May 06, 2012 10:24 pm

That's a RFID sticker. Bank of America offers a similar sticker.

Image

You can put it on your phone or anywhere else, but I really don't like the sticker concept.

I prefer the RFID chip in the credit card like Chase offers.

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Postby 432521 » Sun May 06, 2012 10:37 pm

You can get those rfid chips in the majority of cards now a days all you have to do is ask for your bank or card provider to add visa paywave, master card paypass, amex express pay, or whatever discover uses. There are some people who will just deny any card that has the chip in it or call the bank and ask for a replacement card that does not have the chip in it. If some one were to have a rfid reader they could easily swipe your information standing from 3-5 ft away sometimes even farther if they get a strong enough machine.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday

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InCreditWeTrust
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Postby InCreditWeTrust » Mon May 07, 2012 4:50 pm

[video=youtube;AGWFryVh_oE]http://www.youtube.com/watch?v=AGWFryVh_oE[/video]

CC Deville
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Postby CC Deville » Tue May 08, 2012 4:09 pm

Barclay's is owned by a UK company. The UK has EMV Chip and PIN. It would be nice if these foriegn owned banks would start issuing EMV Chip cards here to get the ball rolling.

I don't care how popular mobile phone payments become. The credit card companies are going to have to issue me a plastic card until the day I die. I refuse to use PayPass and Paywave and I am not putting my card in my cell phone.

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Postby DavidNY » Tue May 08, 2012 4:57 pm

EMV chip and pin is coming to the US...slowly. I am beginning to see POS terminals with a chip and pin slot. Give it a couple of years.

CC Deville
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Postby CC Deville » Tue May 08, 2012 6:35 pm

DavidNY wrote:EMV chip and pin is coming to the US...slowly. I am beginning to see POS terminals with a chip and pin slot. Give it a couple of years.


Agreed. It is finally a matter of when instead of if. You are right, I noticed new terminals at Walgreens today. The top had a PayWave/PayPass reader that looked clear and then below the keypad was a slot for a chip card :) With Visa, MasterCard and even Discover's EMV mandates beginning in 2013 I would imagine that starting summer 2013-2014 reissued cards and new cardholders will start getting them standard. Chase will probably have all of their cards with EMV by 2013.



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