E-Wallet with a single programmable card

Plastc, a company specialized in payment card technology offers a digital wallet capable of replacing all credit, debit, access and gift cards with a single card. The company thus provides an optimized solution for wireless payment.

The card allows users to save 20 cards and barcodes on its flash memory. It comes with an iOS wallet app that allows users to add and manage different cards. The card looks pretty much like a standard credit card, but it has an e-Ink touch-screen, that helps users select from the stored cards. It also has Bluetooth connectivity to connect with the iPhone, rewritable RFID and support for other technologies related to payments like NFC, EMV chip, PIN and magnetic stripe. It gets charged through a wireless induction mechanism and is secured with a remote wipe feature that allows users to delete the stored cards if the Plastc card is lost.

The e-Ink touchscreen can also display barcodes. The touchscreen also serves the purpose of securing the card by allowing the users to lock Plastc with a pin. It can also display the user’s signature and photo id. As and when more banks update to EMV cards next year, Plastc will update its firmware to make sure all new cards are compatible with it.

This added functionality comes at the cost of poor battery life however. The company has done its bit to maximize the battery performance by turning off the card using light sensors when it is kept inside the physical wallet; even so, the card will need  to be recharged once a month using the built-in wireless charging system.

The company has tied up with American Express, Bank of America, Citi, Charles Schwab, Wells Fargo and U.S. Bank to make the account details visible directly to its iPhone and Android apps. Besides, to enhance security, Plastc has also added facial recognition software into the apps, making biometric authentication mandatory for editing the card data. See http://letstalkpayments.com/

© 2015 Strategies Telecoms & Multimedia | Contact |  -