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-   -   Will FaceCash kill the credit card? (https://www.flyertalk.com/forum/milesbuzz/1114513-will-facecash-kill-credit-card.html)

matt860 Aug 9, 2010 1:28 pm
Will FaceCash kill the credit card?
 
New mobile payment system uses your phone and your face for merchant to identify you, and reduces fees for merchant

Mark Zuckerberg vs. Aaron Greenspan

http://www.blackweb20.com/2010/04/26/facecash/
www.thinklink.com

Stoughton Aug 9, 2010 1:39 pm
No. Not everyone has, or will have, a suitable phone

Beckles Aug 9, 2010 1:41 pm
How do you pay your cell phone bill? I'm also not sure that cell phone companies will really want to get in the business of extending large amounts of credit to their customers.

matt860 Aug 9, 2010 1:53 pm
Originally Posted by Beckles (Post 14449798)
How do you pay your cell phone bill? I'm also not sure that cell phone companies will really want to get in the business of extending large amounts of credit to their customers.
Apparently, FaceCash does not bill to your cell phone account, but to a bank account.

Cheapskate Travels Aug 9, 2010 2:03 pm
Originally Posted by matt860 (Post 14449864)
Apparently, FaceCash does not bill to your cell phone account, but to a bank account.
If successful, wouldn't that make it a debit card killer, not a credit card killer?

cordelli Aug 9, 2010 2:50 pm
Just like debit and credit cards have made us a cashless society, and nobody uses paper boarding passes anymore in the airports where you can use electronic ones.

No, Wait.

Vacation time Aug 9, 2010 5:33 pm
We will all have a barcode on our wrist and pay for products not in the distant future ...lol

biggestbopper Aug 9, 2010 6:14 pm
Will the Fair Credit Bill Act apply to facecash transactions? :D

If not--count me out. :td:

PS Good thing computer facial recognition is infallible--otherwise who knows what sorts of problems could arise ...

mahasamatman Aug 9, 2010 8:43 pm
Originally Posted by cordelli (Post 14450273)
Just like debit and credit cards have made us a cashless society, and nobody uses paper boarding passes anymore in the airports where you can use electronic ones.

No, Wait.
And don't forget the paperless office.

camera3 Aug 9, 2010 8:48 pm
I have seen this on a NOkia ohone in Finnland like 10 yrs ago, without the camera feature though.
@:-)

wise2u Aug 10, 2010 1:43 pm
great until
 
Originally Posted by biggestbopper (Post 14451419)
Will the Fair Credit Bill Act apply to facecash transactions? :D

If not--count me out. :td:

PS Good thing computer facial recognition is infallible--otherwise who knows what sorts of problems could arise ...
would work until my evil twin with credit problems learned about it...lol

Boraxo Aug 11, 2010 12:13 am
will not work so long as people get miles for CC spending :)

scubadiver Aug 11, 2010 10:19 am
Originally Posted by mahasamatman (Post 14452193)
And don't forget the paperless office.
Or the paperless bathroom.

glennaa11 Aug 11, 2010 10:36 am
Haven't people been using their phones to pay for stuff in Asia for a long time already?

fedup flyer Aug 12, 2010 1:06 am
Originally Posted by scubadiver (Post 14462087)
Or the paperless bathroom.
Can you spare a square??


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