Clear Out Those Wallets – Here Comes the All-In-One Credit Card Machine
How many of you have multiple credit, debit, and loyalty cards sitting in your wallet? Do you dislike digging through your wallet or purse to find that one card that gives 1% cash back on whatever you are purchasing? If you answered yes to either of these questions, Jonathan Ramaci, the founder of iCache may have the answer for you.
The iCache will be relatively inexpensive device (less than $100) that will allow you to upload your credit card information into a website and upload the information into an iCache device. Once there, the removable card can be programmed (and reprogrammed) to be any credit, debit, or swipable loyalty card you own. After a single use, the information on the card is erased.
But wait, what happens if your iCache is stolen? The iCache uses a biometric strip where the owner uses their thumbprint to gain access to the device. Combine that with the previously mentioned fact that the data on the card is erased after a single use, and it seems to be a fairly secure system. Time will tell, though, if some genius hacker can still get into the device.
Although I am a minimalist when it comes to carrying cards, this may be a device I have to get. I would consider the one time $99 payment as insurance against a theft of my wallet. If a theif were to steal my wallet now, I would have to call each of my credit card vendors to cancel my cards. With the iCache, it sounds like I would be safe to continue using my cards since the device is protected by fingerprint scanning technology. Of course, I’m never an early adopter of technology, so I’ll wait a year or so after its release to see how it fares in the “real world.”
Source: iCache.com
Photo: SlipperyBrick.com
Interesting. Where did you find this?
I don’t remember the original source. I heard about it a week ago or so and put this post in a queue at that point.
Just go to iCache.com, and you can get a ton of information.
Interesting concept. I’m going to have to keep my eye on this one. If it works like it’s supposed to, it might be worth the investment. I lost my purse once, and it was a huge pain to call every credit/debit/bank company to cancel cards.
This is a really cool idea! Thanks for pointing out the link. I’m going to check it out and see if its worth the investment
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Strange, never heard of this before. Gotta go do some research:)
So has anyone tried it out yet? I would love to see some reviews on this. Is it easy to use? How about the initial set up?
I like the idea of this Marcel but I think their feature of only allowing it to be used once after programming would be a pain and probably make it unpopular. I mean what happened if you went on a shopping trip and needed to buy 10 things? I’m surprised they came out with this credit card which would only allow you to use it once. I wrote a blog post about how many credit cards should you have. It’s amazing that the average American has 7 to 10 different credit cards (not including debit cards) so I can see why a device like this, if fine tuned, could be a huge benefit for all of us!