BankSimple, Mobile Payments, Anonymous Facebook

Paul Rosenfeld · Los Altos, California
This is such an incomplete article at best, riddled with so many holes. "ZipPay has all this cool shit that they won't disclose but they'll disclose just enough that TechCrunch picks this up and breaks the story."

Congrats, you've been used and I'm left scratching my head. Maybe wait the next time - or ask tougher questions. I'm sorry but I expect better.
Reply · 1 · · 14 hours ago

Sarah Perez · Top Commenter
Nice.
Reply · · 11 hours ago

R. Ethan Smith · Pennsauken, New Jersey
I think Square still has the edge. It's as simple as a swipe on both the payer/payees ends. This ZipPay looks like it wants to be for both consumers and merchants - and that complicates things. I'd rather stick to two simple apps - Square and Venmo, then muddle things up with one that's looking to be all things to all people.
Reply · 1 · · 16 hours ago

cimbal
Zip Pay will try to do what Cimbal has been doing for over a year now. They will use a bar code to encrypt the financial detail and camera of the mobile device to scan the bar code initiating the transaction. But Cimbal has the patents on that already. Don't believe the Zip Pay hype...
Reply · · 7 hours ago
greenblogger2000 (signed in using Yahoo)
Between Square, FocusPay, and GoPayment, they have some tough well-funded competition with momentum. By the way, both FocusPay and GoPayment have swipe rates that are much lower than Square.
Reply · · 13 hours ago

Markus Siebeneick · San Francisco, California
I would say that I see a really difficult consumer acceptance of this, as it is one thing to swipe a card, but it is another to take a picture or what appears to be a picture.
Reply · · 6 hours ago

Max Woolf · Top Commenter · Carnegie Mellon University
Is taking a picture of a credit card really easier than just swiping it using a dongle? I know I wouldn't trust any vendor who "takes payments" by taking a picture of my credit card...
Reply · · 16 hours ago

Sarah Perez · Top Commenter
To be clear, that's only to load the cards initially into the wallet. Afterwards, it's using something else.
Reply · · 16 hours ago

Don Sheu · Chicago, Illinois
I was reading it as that's how the user scans cards into her phone then payments happen con tactlessly with merchant. Did I read wrong?
Reply · · 16 hours ago

Sarah Perez · Top Commenter
Also, Card.io isn't "taking a picture" - see here for more details about the tech - http://techcrunch.com/2011/06/23/card-ios-sdk-makes-entering-credit-card-information-as-easy-as-taking-a-snapshot/
Reply · 1 · · 16 hours ago