Anybody who knows me knows that I’m a big fan of technology, gadgets, or any new innovation to the market. I like things that make me sit back and say “Yes! Why hasn’t anybody ever thought of that? I have ALWAYS needed one of those. Exciting technology gives me chills and motivates me to think of what could be. With each new amazing technological iteration we get closer and closer to the world Doc and Marty McFly traveled to long ago in that 89 Dolorean.
Prior to this my excitement stemmed from Square, the credit card reader company co-founded by Twitter founder Jack Dorsey. The original inspiration for Square occurred to Jack Dorsey in 2009 when James McKelvey (a St. Louis friend of Dorsey at the time) was unable to complete a $2,000 sale of his glass faucets and fittings because he could not accept credit cards.
Before that I discovered the Lunatik watch designed by Scott Wilson over at Miniml Design. Well today’s discovery was also stumbled on by accident, while watching a YouTube video with a colleague I spotted a video thumbnail that said “One Card for them all” with an image of a black credit card. I try not to get baited in by the videos YouTube suggests that one may find interesting because that would be a trip down an endless rabbit hole. But nonetheless my curiosity got the best of me this time.
Upon clicking on the video this is what I watched. So this is an awesome card, a SEXY looking card might I add, that you can load your debit and credit card’s information onto enabling you to leave home with only one card! From what I read you can add up to 99 cards to this device. It has a digital touchscreen that will allow you to select the card you want to make the purchase with. It operates via a bluetooth connection with your smart phone. If you leave your card somewhere or it goes outside the range of your phone it will send you a notification that you are leaving your card behind. I know there are many security nuts out there that think you may be placing yourself at risk or that there are too many things that could go wrong with this type of technology. A few of the concern’s I’ve heard are as follows:
- Lose your card and somebody has access to ALL your credit/debit cards
- Phishing concerns that somebody could steal your unencrypted financial information
I’m sure these and many others are concerns they considered long ago in the conceptualization phase. These same concerns that the Square I posted above was faced with when it was founded in 2009, today Square Inc. is valued at $3.25B last year and is on track to process over $15B, (according to http://www.businessinsider.com/square-handles-payments-2013-5) up from $10B in 2012. One security feature that have currently been built into the card is that it’s linked to your smart phone. If it is out of range (10ft maybe) then the link is broken and the card can not be used. It will also send an alert to your phone letting you know that you are leaving your card behind. You can also deactivate/wipe your information on the card from your phone.
I’ve already pre-ordered mine, and below is a link that will take you to the site, to view their frequently asked questions, find out more about the founders, and place your order.
Now if I could just get the tech gods over at Mattel to hurry up with my Hover Board!
DP • DIRECTOR • FILMMAKER