Originally Posted by
bthomas362
I don't think the issue is so much business that accept it, but more the businesses that require it. Just like those few weeks where you had to use the chip at wal-mart, but now that function has been turned off. The mag strips still work on all of those cards...
If they have Europay, Mastercard, and Visa on board, isn't that what would allow them to use the technology?
If you watch the video on their site, the card automatically locks when it's a certain distance from your phone, and then can only be unlocked with a user set code. Based on that it's just as secure as softcard, so a little safer than an actual wallet filled with credit cards?
Without requiring it, acceptance is almost pointless.
Given Europay hasn't existed for years, it'd be difficult to get them on board
Mastercard and Visa can provide tokenisation services, but they do that through banks. Ultimately, issuing banks are the ones who have to provide a product like this a tokenised account number and the private keys needed to generate transaction cryptograms. Apple had no problem because they're Apple.