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v-cash

Submitted by: rwng99
Created: Jun 3, 2008, 3:06 pm

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The Idea

can we have a universal pre-paid cash card accepted everywhere by all merchants, even over the internet? The card should be chip based so that all loyalty programs can be loaded on one card.

I thought of this idea when I was...

this type of cards are being used all over europe and asia, but does not exist in canada.

Comments Posted

imogene2004 Posted: June 22, 2008, 12:38 am

is this a card that links all your accounts and cards onto one? or just a prepaid card in general that can be accepted anywhere?

CarloF Posted: June 22, 2008, 10:58 pm

I think he means some sort of Wallet account which you can load with credits.

Goldsmith Posted: June 22, 2008, 11:41 pm

What's your approach to setting up the back end tracking as well as generation of "the card."

TheGuru Posted: June 26, 2008, 1:45 pm

I suggest you start a world wide bank to do this. First you need to raise a few billion dollars. Don't have it? Then I suggest starting with some less grand ideas..

mdmetcalf Posted: August 13, 2008, 10:02 am

An interesting idea... the first trick would be finding a way to get all merchants to accept it. If it were that easy, Visa and AmEx would be accepted everywhere.

Klueless Posted: September 19, 2008, 11:22 am

ok if not credit and money, how about at least combining various loyalty programs into one card? I like that idea. Then instead of having to carry around 20 cards, only one.

Draz Posted: November 5, 2008, 5:45 am

I've been working on starting a similar business, what I wanted was to create a pre-paid Visa (UK and France know them but I've never seen them in the rest of europe..) which you can manage online and use like a paypal account online but also directly in stores; turned out I wasn't able to get cards in any way and no work from any company to create this unless I was giving credit to cardowners my self, putting my startup company at high-risk and requiring millions of capital.

I pulled the plug from the company in it's original form and changed it over to yet an other online payment processor.

Shibumijin Posted: November 20, 2008, 11:00 am

I love the idea of this, but see a lot of problems with getting it up and running from scratch....you need some seriously deep pockets to get something like this to work....all kinds of issues to deal with, like security for starters...how do you propose to prevent theft, of either the contents of the card or a person's identify if the system gets hacked etc. Also, how do you make money with it? How do you get business' to accept the card? How do business' use the card to get paid? I'm not saying it can't be done, but it does need a LOT of work!

sfgamer10 Posted: November 23, 2008, 12:56 pm

cool idea gl

wiseguy88 Posted: December 8, 2008, 4:31 am

Would it mean that only one chip standard will exist? Or that the eventual card company or system will be a monopoly?

Hello!

Ideas