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Will FaceCash kill the credit card?

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Old Aug 9, 2010 | 1:28 pm
  #1  
matt860
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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
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Old Aug 9, 2010 | 1:39 pm
  #2  
Stoughton
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No. Not everyone has, or will have, a suitable phone
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Old Aug 9, 2010 | 1:41 pm
  #3  
Beckles
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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.
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Old Aug 9, 2010 | 1:53 pm
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matt860
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Originally Posted by Beckles
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.
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Old Aug 9, 2010 | 2:03 pm
  #5  
Cheapskate Travels
 
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Originally Posted by matt860
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?
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Old Aug 9, 2010 | 2:50 pm
  #6  
cordelli
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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.
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Old Aug 9, 2010 | 5:33 pm
  #7  
Vacation time
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We will all have a barcode on our wrist and pay for products not in the distant future ...lol
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Old Aug 9, 2010 | 6:14 pm
  #8  
biggestbopper
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Will the Fair Credit Bill Act apply to facecash transactions?

If not--count me out.

PS Good thing computer facial recognition is infallible--otherwise who knows what sorts of problems could arise ...
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Old Aug 9, 2010 | 8:43 pm
  #9  
mahasamatman
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Originally Posted by cordelli
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.
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Old Aug 9, 2010 | 8:48 pm
  #10  
camera3
 
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I have seen this on a NOkia ohone in Finnland like 10 yrs ago, without the camera feature though.
@:-)
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Old Aug 10, 2010 | 1:43 pm
  #11  
wise2u
 
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great until
Originally Posted by biggestbopper
Will the Fair Credit Bill Act apply to facecash transactions?

If not--count me out.

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
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Old Aug 11, 2010 | 12:13 am
  #12  
Boraxo
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will not work so long as people get miles for CC spending
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Old Aug 11, 2010 | 10:19 am
  #13  
scubadiver
 
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Originally Posted by mahasamatman
And don't forget the paperless office.
Or the paperless bathroom.
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Old Aug 11, 2010 | 10:36 am
  #14  
glennaa11
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Haven't people been using their phones to pay for stuff in Asia for a long time already?
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Old Aug 12, 2010 | 1:06 am
  #15  
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Originally Posted by scubadiver
Or the paperless bathroom.
Can you spare a square??
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