Crowdsourced credit card lets members share in profits and decisions

It was only a few weeks ago that we covered CivilisedMoney’s crowdsourced banking services, and recently we came across a new effort that brings a similar concept into the realm of credit cards. Earlier this month Barclaycard US introduced the Barclaycard Ring MasterCard, billed as “the first social credit card to be designed and built through the power of community crowdsourcing.” READ MORE…

via springwise:

Crowdsourced credit card lets members share in profits and decisions

It was only a few weeks ago that we covered CivilisedMoney’s crowdsourced banking services, and recently we came across a new effort that brings a similar concept into the realm of credit cards. Earlier this month Barclaycard US introduced the Barclaycard Ring MasterCard, billed as “the first social credit card to be designed and built through the power of community crowdsourcing.” READ MORE…

via springwise:

 Credit cards: On their way out ‘like vinyl records’
Source: CNNMoney
Credit cards may soon be as outdated as vinyl records. (Remember those?) And this is the year that the slow, steady march to oblivion begins. You can already use your iPhone, Droid or BlackBerry to buy a hotdog at the ballgame, buy your Starbucks latté, or give a friend a few bucks by Bumping phones. But by the end of the year you may not even think twice about reaching for your phone to pay at the register instead of fumbling for your credit card. 

 Credit cards: On their way out ‘like vinyl records’

Source: CNNMoney

Credit cards may soon be as outdated as vinyl records. (Remember those?) And this is the year that the slow, steady march to oblivion begins. You can already use your iPhone, Droid or BlackBerry to buy a hotdog at the ballgame, buy your Starbucks latté, or give a friend a few bucks by Bumping phones. But by the end of the year you may not even think twice about reaching for your phone to pay at the register instead of fumbling for your credit card. 

Is your phone the wallet of the future? | Circuit Breaker - CNET News
On Thursday, Intuit and Mophie (maker of the JuicePack battery for iPhone) will introduce the Complete Credit Card Solution, which fits over the iPhone 3G and 3GS like the JuicePack and has a credit-card reader that uses Intuit’s 18-month-old GoPayment mobile payment software. It will be available as an iPhone accessory in Apple Stores.
The idea is to allow small businesses or anyone who needs to process  payments that doesn’t have a permanent place to plug in a cash register  to be able to accept something other than cash on a device many people  already have. The hope is consumers would find this more convenient than  keeping cash on hand when they want to make a purchase, even from a  nontraditional retailer.

Is your phone the wallet of the future? | Circuit Breaker - CNET News

On Thursday, Intuit and Mophie (maker of the JuicePack battery for iPhone) will introduce the Complete Credit Card Solution, which fits over the iPhone 3G and 3GS like the JuicePack and has a credit-card reader that uses Intuit’s 18-month-old GoPayment mobile payment software. It will be available as an iPhone accessory in Apple Stores.

The idea is to allow small businesses or anyone who needs to process payments that doesn’t have a permanent place to plug in a cash register to be able to accept something other than cash on a device many people already have. The hope is consumers would find this more convenient than keeping cash on hand when they want to make a purchase, even from a nontraditional retailer.

MicroSD Card Brings NFC to Phones for Credit Card Companies, Banks - RFID Journal
Since early this summer, two credit-card companies have been conducting in-house tests of an RFID module that plugs into a mobile phone’s microSD memory card slot, thereby turning a cell phone into a Near Field Communication (NFC) device that can make payments, act as a loyalty card and download information from RFID tags embedded in smart posters.

MicroSD Card Brings NFC to Phones for Credit Card Companies, Banks - RFID Journal

Since early this summer, two credit-card companies have been conducting in-house tests of an RFID module that plugs into a mobile phone’s microSD memory card slot, thereby turning a cell phone into a Near Field Communication (NFC) device that can make payments, act as a loyalty card and download information from RFID tags embedded in smart posters.