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Can someone explain the advantage of this over a magstripe credit card, from a consumer standpoint? The card companies charge high fees, yes, but I would bet i
by drinian 16y ago
Can someone explain the advantage of this over a magstripe credit card, from a consumer standpoint?
The card companies charge high fees, yes, but I would bet it's a lot faster to swipe a card than get a barcode on your phone, scan it, etc. etc. And the credit card companies seem to have really good anti-fraud heuristics at this point.
- thinkcomp 16y agoLine item data tracking, integrated bill splitting, free peer-to-peer funds transfer, wallet consolidation, optional direct expensing to your employer with reimbursement forms, and much better security than handwriting verification and after-the-fact heuristics.