) - Worth to note that this card is NOT a branded name based on the Visa, Mastercard, Amex, Diners interbank network. This is a STAND alone card product with its own interbank network like the CUP card from China is its own card scheme.
From PayFair's own website it says:
Wouldn't it be amazing to have just one card
that could do everything? One card to make
purchases, pay, collect loyalty points, keep
information - even use to make
payments via your mobile phone.
One card for supermarkets, stores, petrol
stations and using on the inter net? And, one
that can work across the world !
This is our vision of what payfair, the new
universal payment scheme, will be.
This is why payfair is the new solution for
consumers all over the world that is
reversing the traditional card models by
putting you at the centre of our solutions !
payfair, My Card, is your single card to
access a wide range of benefits and
services right across Europe and the World.
How can you get your new payfair card?
You can open your new account through banks
and stores within the next few months. Click
here for the latest details.
So if PayFair is so open and fair in payments, why dont we team up good ol Bitcoin with their interbank system/card scheme? According to them they are looking for acquires here: http://www.payfair.eu/acquirers
and issuers here: http://www.payfair.eu/issuers
Well I am pretty sure the Bitcoin army, can make some pretty good traffic to a website issuing PayFair/Bitcoin cards, and is instantly re-loadable with Bitcoins as well as Fiat. So lets test them, are they open as they claim? Or do they just seek to become a new Visa/Mastercard company without actually "changing the world".
PS. PayFair is hooked up to the European interbank system known as SEPA, thus this card is in theory working on any ATM in the European SEPA region.