Feeds

Amazon wants in on single-credit-card biz

Could Bezos swipe the Coin biz model?

Beginner's guide to SSL certificates

The mid-November launch of payment startup Coin generated a flurry of press, but in the background, Amazon has also taken an interest in a similar one-card-to-rule-them-all model.

In one of those serendipitous moments that Google can provide, Vulture South was wondering about a completely different class of patents when we stumbled across this filing, for a “Dynamic Credit Card”.

The patent application, filed by Amazon and dated September 5, 2013, seeks to give the Bezos Barn ownership of “a payment card that is programmable by a user in order to access one or more accounts from multiple financial institutions and/or other institutions.”

If that sounds familiar, it's because that's what Coin is offering – or as Coin puts it: “Coin is a connected device that can hold and behave like the cards you already carry. Coin works with your debit cards, credit cards, gift cards, loyalty cards and membership cards. Instead of carrying several cards you carry one Coin. Multiple accounts and information all in one place.”

The Amazon filing covers a system whose claims are, among other things:

  • Letting the user select which account they're using the card for at any particular time;
  • A magnetic stripe-based credit card that includes an on-card microprocessor, and the on-card account selection application;
  • GPS on the card, for location determination; and
  • Associated business methods.

The Register has asked Coin what patents protect its own model, and will await its response with interest. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.