Credit Card eZine - News and Articles about Credit Cards

All-In-One Credit Card

Thursday, August 30, 2007

Have you ever thought of what new innovations the high-tech part of our world has to offer? There has been news on RSA and contactless cards, as well as sophisticated systems that could help prevent fraud and identity theft. However, none of them have reached the point at which such cards or systems would be publicly accepted. Perhaps the only place that stands out of the rest of the world is Japan. Nonetheless, there is a new product in development that should appeal to credit card holders everywhere else besides the land of the Raising Sun.

Think of one problem that causes credit card owners a whole lot of inconvenience. That's right, carrying around multiple cards. According to statistical data, 79% of adult Americans own a credit card with an average of 3.6 cards per person. And that's just credit cards! Imagine all other sorts of plastic that an average American might have. Discount cards, loyalty cards, debit cards and frequent flyer cards all add up to the ever-growing amount of plastic in our wallets.

Worry no more. A company called iCache has come up with a device of the same name that will let you get rid of unnecessary cards. The unique idea behind their product is that iCache will allow its users to carry a cell phone sized device and just one card.

Here is some more detail on the scheme iCache uses. First, you need to obtain the device at one of your credit card issuers or at one of the retailers. Once you get a hold of it, the company will provide you with an access to their online services that will help you set up accounts and personal information.

Now that your device is filled with data on every single account for which you have a standard sized plastic card with a magnetic strip, you are free to use it online, at conventional swipe terminals, at contactless terminals and even at barcode readers. As soon as you are asked for a credit card, or just its number, activate the device by using your fingerprint, then browse through a list of available accounts and finally use the card that has been dispensed by the machine.

Yes, it's that simple. And if you think of it, iCache is more than just an electronic wallet. The integrated biometric scanner is an ultimate solution to all the cards that are so easy to lose. Of course, you may still be worried about losing the device itself. However, in this case, you are only losing the cost of the device while your sensitive and private data stays unusable to thieves, minimizing the risk of identity theft.

We've been thinking about other areas where we can find iCache to be useful. And to our amazement - there are tons. Apart from regular payment procedures that you can perform using this device, we have found that it might also prove to be useful when dealing with hotel keys, airline boarding passes and resort branded currency. iCache, in fact,  ultimately combines all sorts of data holders that are shaped as a regular credit card.

So, the time when you can get rid of all that unnecessary stuff out of your wallet or purse has already come. Managing credit card deals has never been easier. Get ready to cash out roughly $100 for this great device and never worry about losing your cards ever again!