From the FAQ:
Q. Does Coin support chip and pin (EMV)?
A. Coin is currently designed for the U.S. market and does not support chip and pin (EMV), however, future generations of the device will include EMV.
Q. Does Coin support chip and pin (EMV)?
A. Coin is currently designed for the U.S. market and does not support chip and pin (EMV), however, future generations of the device will include EMV.
Unfortunately cross-bank and cross-scheme cooperation has never been there to the extent that this has been possible so far.
I see it on every terminal I use here in France, so it seems to somewhat work already here.
I've been out of the payments game a few years now (going back in on Monday though) but in EMV speak an 'application' is usually something like Visa, or Mastercard or something along those lines. Some cards I looked at in the past had a few on them for local schemes, for instance we had "Switch" cards here in the UK that were the equivalent of "Maestro" in Europe, but were different enough that a lot of UK debit cards had both applications on them.
If "pay in three installments" is a sort-of credit facility provided by your card issuer(?) then I suppose it could be coded as an on-card application. In fact if you wanted to give your customers that choice on every single transaction I can't think of a better way.
Would get damn annoying...
Heck, they're running a kickstarter for funding, while even dreaming about being a card issuer would require to start with posting multimillion security deposits.