4 ms·

From the FAQ: Q. Does Coin support chip and pin (EMV)? A. Coin is currently designed for the U.S. market and does not support chip and pin (EMV), however, fut

by bouk 13y ago

From the FAQ: Q. Does Coin support chip and pin (EMV)? A. Coin is currently designed for the U.S. market and does not support chip and pin (EMV), however, future generations of the device will include EMV.

rkangel 13y ago
How on earth is that going to work? Theoretically at least, you can't clone an EMV card. That's kind of the point.
- RandallBrown 13y ago
  Maybe they'll work with the banks to get the information needed to create the EMV card?
  - PeterisP 13y ago
    Why would a bank allow that? It creates all kinds of liability issues, hurts the issuing bank's branding, and there's no big source of fees to allow Coin to simply buy cooperation from them. Heck, they're running a kickstarter for funding, while even dreaming about being a card issuer would require to start with posting multimillion security deposits.
- Nursie 13y ago
  Theoretically, you can put a large number of payment applications on a single EMV chip already, and a transaction will either use defaults or present you with a choice. Unfortunately cross-bank and cross-scheme cooperation has never been there to the extent that this has been possible so far.
  - seszett 13y ago
    With my new card I always get a dialogue when I pay where I have to choose between something like "direct payment" or "pay in three installments". I suppose that's the kind of applications you're talking about? I didn't know this was possible before (and I don't remember my bank ever telling me about it, not that I really care, but it's a useless step slowing me down). I see it on every terminal I use here in France, so it seems to somewhat work already here.
    - Nursie 13y ago
      That's a weird one! I've been out of the payments game a few years now (going back in on Monday though) but in EMV speak an 'application' is usually something like Visa, or Mastercard or something along those lines. Some cards I looked at in the past had a few on them for local schemes, for instance we had "Switch" cards here in the UK that were the equivalent of "Maestro" in Europe, but were different enough that a lot of UK debit cards had both applications on them. If "pay in three installments" is a sort-of credit facility provided by your card issuer(?) then I suppose it could be coded as an on-card application. In fact if you wanted to give your customers that choice on every single transaction I can't think of a better way. Would get damn annoying...

by bouk 13y ago

rkangel 13y ago

How on earth is that going to work? Theoretically at least, you can't clone an EMV card. That's kind of the point.

RandallBrown 13y ago
Maybe they'll work with the banks to get the information needed to create the EMV card?
- PeterisP 13y ago
  Why would a bank allow that? It creates all kinds of liability issues, hurts the issuing bank's branding, and there's no big source of fees to allow Coin to simply buy cooperation from them. Heck, they're running a kickstarter for funding, while even dreaming about being a card issuer would require to start with posting multimillion security deposits.
Nursie 13y ago
Theoretically, you can put a large number of payment applications on a single EMV chip already, and a transaction will either use defaults or present you with a choice. Unfortunately cross-bank and cross-scheme cooperation has never been there to the extent that this has been possible so far.
- seszett 13y ago
  With my new card I always get a dialogue when I pay where I have to choose between something like "direct payment" or "pay in three installments". I suppose that's the kind of applications you're talking about? I didn't know this was possible before (and I don't remember my bank ever telling me about it, not that I really care, but it's a useless step slowing me down). I see it on every terminal I use here in France, so it seems to somewhat work already here.
  - Nursie 13y ago
    That's a weird one! I've been out of the payments game a few years now (going back in on Monday though) but in EMV speak an 'application' is usually something like Visa, or Mastercard or something along those lines. Some cards I looked at in the past had a few on them for local schemes, for instance we had "Switch" cards here in the UK that were the equivalent of "Maestro" in Europe, but were different enough that a lot of UK debit cards had both applications on them. If "pay in three installments" is a sort-of credit facility provided by your card issuer(?) then I suppose it could be coded as an on-card application. In fact if you wanted to give your customers that choice on every single transaction I can't think of a better way. Would get damn annoying...