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
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Pinyo said
am August 28 2007 @ 8:38 am
Interesting. Where did you find this?
Brian said
am August 28 2007 @ 9:00 am
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.
Lynnae said
am August 28 2007 @ 1:27 pm
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.
Tom said
am August 29 2007 @ 7:38 pm
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
Sunday Morning Link Love 9/2/07 | I've Paid For This Twice Already... said
am September 2 2007 @ 7:16 am
[...] Dominance shows us a machine that scares the pants off me. I think I am not a very fast new technology adopter. This little machine could make carrying [...]
pfblogsround 2nd September 2007 | plonkee money said
am September 2 2007 @ 12:46 pm
[...] clear out those wallets - here comes the all-in-one credit card machine @ financial dominance, what looks like the greatest invention of all time [...]
Emiel said
am June 28 2008 @ 9:55 am
Strange, never heard of this before. Gotta go do some research:)
JulieO said
am July 26 2008 @ 11:59 pm
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?