I-Cache: All in One Credit Card Device
Published August 27th, 2007 in Credit News.
The latest in ridiculous and seemingly useless credit card technology has arrived with the new I-Cache device.
Do you hate carrying all your credit cards in your purse or wallet? Do you often opt to take just one of your cards and leave the rest at home?
Well the new I-Cache has a solution to your multiple credit card woes.
The device works like this:
After you purchase the razor thin I-Cache device, you register all your credit cards along with account numbers and relevant information on the device maker’s website.
Once it comes time to pay, you simply take the I-Cache, press your thumb on the device for biometric authentication purposes, and then select which credit card you’d like to use.
Once selected, a credit card will pop out of the device with whatever card information you chose, which will then be swiped like a normal credit card.
So if you’ve got an American Express Clear credit card and a Discover Miles credit card, but the merchant doesn’t take Discover, you can quickly select the Amex card data, load the card, and make the payment.
Once swiped, the credit card will go blank and must be reloaded in the device to be used again.
This is presumably a safety measure, although you have to wonder what happens when the grocery clerk asks you to swipe your card again, and again.
I could see this being rather tricky if you need to reload the credit card information after each unsuccessful swipe.
And what happens if it breaks or runs out of batteries?
Regardless, it gets an A+ for cool, though the whole idea seems a little over the top.
Can’t you just bring three or four credit cards in your wallet, I mean are they really that heavy or bulky? And is the I-Cache that much lighter?
Once cell phone payment systems take off, it’s likely that you’ll be able to choose which credit card you’d like to use for each transaction with a simple click of a button.
But for now, this product seems to be in a league of its own, although were not exactly sure if that’s a good thing or a bad thing.
