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As much as I hate to link to a competitor, Cushman's idea is similar to what Cimbal is doing: http://www.cimbal.com http://www.cimbal.com Cimbal has all of th

As much as I hate to link to a competitor, Cushman's idea is similar to what Cimbal is doing: http://www.cimbal.com http://www.cimbal.com Cimbal has all of the same downsides you describe here (and more--it's only on iPhone and no merchants accept it). FaceCash, which uses a consumer-side 1D barcode rather than a merchant-side 2D barcode, solves all of them. 1. We let you print your barcode (like a boarding pass) on a piece of paper that you can cut to business-card size so you can carry it with you in your wallet. No phone required, which also means no cameraphone required. 2. See 1. 3. See 1. 4. Your account is linked to an image of your face that shows up on the register whenever it's used, and it's pretty unlikely that a random phone thief will be mistaken for you. 5. It's the same speed as credit cards or faster.

hugh3 16y ago
This is the first I've heard of your product, but I agree it does solve all the problems I mentioned. I'm actually curious as to what the point of the phone-based side of your product is, then... surely pulling a barcode out of my wallet is quicker than loading up the facecash app on my phone?
- thinkcomp 16y ago
  The phone lets you do a lot of things paper (but mostly plastic) can't. Some we've released... - Standardized electronic receipts with line item data available in real-time - Instant and free peer-to-peer money transfers (you can use Bump) - Set the tip on the phone when you're at a restaurant - Storing multiple account numbers for frequent flier programs, insurance companies, school IDs, etc. ...and some we're still working on... - Bill splitting - Location based offers (coupons), automatically-applied when you pay So there are a bunch of advantages to using the phone.
- mkramlich 16y ago
  > This is the first I've heard of your product, but I agree it does solve all the problems I mentioned. That is what every startup founder wants to hear. :)

hugh3 16y ago

This is the first I've heard of your product, but I agree it does solve all the problems I mentioned. I'm actually curious as to what the point of the phone-based side of your product is, then... surely pulling a barcode out of my wallet is quicker than loading up the facecash app on my phone?

thinkcomp 16y ago
The phone lets you do a lot of things paper (but mostly plastic) can't. Some we've released... - Standardized electronic receipts with line item data available in real-time - Instant and free peer-to-peer money transfers (you can use Bump) - Set the tip on the phone when you're at a restaurant - Storing multiple account numbers for frequent flier programs, insurance companies, school IDs, etc. ...and some we're still working on... - Bill splitting - Location based offers (coupons), automatically-applied when you pay So there are a bunch of advantages to using the phone.
mkramlich 16y ago
> This is the first I've heard of your product, but I agree it does solve all the problems I mentioned. That is what every startup founder wants to hear. :)