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The problem with NFC is that it offers no real additional benefit. The card industry thinks that it's more convenient, but swiping a card through a card reader

The problem with NFC is that it offers no real additional benefit. The card industry thinks that it's more convenient, but swiping a card through a card reader really isn't all that difficult to start with. We're working on this: http://www.facecash.com http://www.facecash.com No extra hardware for your phone required, it's cheaper for merchants, it offers more information than cards, and it will work on Android and BlackBerry in addition to iPhone.

natrius 16y ago
If you're planning on doing any sort of Facebook integration with that, I think Facebook has revoked API access from people using Face-names in the past. Just something to look out for.
- thinkcomp 16y ago
  We're not.
cjlars 16y ago
I hope you succeed. With modern settlement techniques, there's no reason that a select few companies should be leeching 1.5 - 3% from a $ trillion or two worth of transactions.
JeremyBanks 16y ago
Sounds cool. When I visited your site I couldn't instantly figure out what you guys were doing, and I also couldn't see where to click for more information. I saw the three "Learn more..." links at the bottom but wanted something that was general, rather than targeting a specific group. I just realized that the four small images below the splash are linked to what I was asking for. That doesn't seem obvious to me. Maybe I'm stupid, but maybe it's something to keep in mind.
karzeem 16y ago
I'm with you that NFC isn't necessarily a big improvement here, but the nice thing about it generally is that over time, replacing physical actions/keys becomes just a matter of writing software. (You can imagine it replacing stuff like Metrocards, car keys, house keys, etc. It already has in some places, as you probably know.) Re FaceCash, it looks really interesting but the thing that kept me from paying $3 to sign up with my GMail account is that the site's missing a "how it works" blurb. How exactly do I get my money into the merchant's hands?
- thinkcomp 16y ago
  The sign up process guides you through linking your bank account and making an initial deposit. We actually encourage people not to use GMail as we can't verify free e-mail accounts. We've updated the general questions page to address your concerns.

natrius 16y ago

If you're planning on doing any sort of Facebook integration with that, I think Facebook has revoked API access from people using Face-names in the past. Just something to look out for.

thinkcomp 16y ago
We're not.

cjlars 16y ago

I hope you succeed. With modern settlement techniques, there's no reason that a select few companies should be leeching 1.5 - 3% from a $ trillion or two worth of transactions.

JeremyBanks 16y ago

Sounds cool. When I visited your site I couldn't instantly figure out what you guys were doing, and I also couldn't see where to click for more information. I saw the three "Learn more..." links at the bottom but wanted something that was general, rather than targeting a specific group. I just realized that the four small images below the splash are linked to what I was asking for. That doesn't seem obvious to me. Maybe I'm stupid, but maybe it's something to keep in mind.

karzeem 16y ago

I'm with you that NFC isn't necessarily a big improvement here, but the nice thing about it generally is that over time, replacing physical actions/keys becomes just a matter of writing software. (You can imagine it replacing stuff like Metrocards, car keys, house keys, etc. It already has in some places, as you probably know.) Re FaceCash, it looks really interesting but the thing that kept me from paying $3 to sign up with my GMail account is that the site's missing a "how it works" blurb. How exactly do I get my money into the merchant's hands?

thinkcomp 16y ago
The sign up process guides you through linking your bank account and making an initial deposit. We actually encourage people not to use GMail as we can't verify free e-mail accounts. We've updated the general questions page to address your concerns.