Is there a limit on how many customers/unique card numbers you can have, and is there an inherent cost in gaining a new number (e.g. will accounts be capped at X disposable numbers per Y period).
Once you delete a card number how quickly is it returned to the "pool?" And do you re-assign it to a new user requesting a number?
Do you think third party web-sites will break because a card number is used twice for two different users (e.g. user 1 and user 2 both have the same number on their accounts, because user 1 let it expire, and then user 2 received it and utilised it).
Are you worried that these numbers could be used for fraud or abuse (e.g. unlimited trials).
Will this be any different with Final? If so, how do you plan to make money?
Banks work hard to make sure credit card holders are happy. After all, it's fairly easy to switch credit cards.
It's the merchants that have the short end of the stick in the three way relationship between banks, customers and merchants.
Most Visa and MC cards are branded as such but are actually backed by some other institution, like Bank of America or Chase.
We're building this product for ourselves and for our friends first. And many of them are unhappy with how banks treat customers and optimize for fees and increasing debt.
We don't think encouraging conspicuous consumption is the only way to be a successful credit card company.
"you agree that we may provide any of the information we have collected from you in non-personally identifiable form to an Advertiser, in order for that Advertiser to select the appropriate audience for those advertisements and/or offers."
"Final is aligned with you"
No, not aligned with me at all.
Why can't we have a business model that is straight up, you know, where the ENTIRE relationship is between you and us, the end user, where your profit comes ENTIRELY by making us happy. The free-market works much better that way.
Advertising never makes anything free or cheaper. Quite the opposite: https://news.ycombinator.com/item?id=8372640
Also, does Final aim to become a credit card payments processor similar to Visa, Mastercard, et. al., or will you be leveraging a banking/credit institution in the backend to start with?
1) I presume since you'll be an actual credit card, there's an issuing bank behind you somewhere. Are you an actual startup, or is this a "division" of some huge bank trying to appeal to the tech set? Can you talk about who your issuing bank is?
2) ApplePay?
Thanks! (I signed up.)
2) We'll work with ApplePay 100% (currently its the only way to get to the NFC chip on the iPhone)
Why would I use this over something like ApplePay?
Do I need a "final card" for each of my credit cards? Or can I tie it into 1 final card (Mostly for online purchases). Or complete new credit card?
What do costs look like? Or if it's a new line of credit, do I get reward points/etc?
-JT
Pretty sure this is a completely new card, as in, you apply for a final card then you cut up all your old ones and close those accounts.
Enter your emaill address for early access...
Will Final actually partner with a financial institution to issue a card that I'll have to apply and have its own limits.
OR
I'll be able to use my own credit card, and Final is just a proxy?
Thank you!
Final is what we built to take back control of our own credit cards for how and when we’re charged, instead of leaving it up to merchants. That led to merchant-specific numbers and limits, managed automatically, as well as transparency in statements. It’s our stake in the ground, a way to shift the culture in credit towards consumer friendliness.
Happy to answer questions