Is Coin the One Payment Card to Rule Them All?
—by JD Sartain, CIO; January 30, 2014
In the new world of plastic money, technology has provided—in addition to the old standby of magnetic-stripe payment cards—a multitude of readily available innovations and services:
•EMV cards with embedded microchips from Europay, MasterCard, Visa and others;
•Smartphone apps such as Google Wallet, Braintree and Square Wallet;
•Payment readers apps such as GoPayment, PayAnywhere and SAIL;
•Carrier-based billing and payment options, and
•Near Field Communication (NFC) technology that makes payments by waving or tapping a phone against a contactless reader.
The concept of using one card or one device for all purchases isn’t really the same as a universal credit card – although one product on the horizon, Coin, comes pretty close.
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Coin Does the Work of Many Cards …
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