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New Gen Credit Cards
new gen credit cards
After the globalization and sudden development in the various sectors the banking sector also much revolutionized in using the latest technology. Now a days many of us use multiple credit cards from various banks and brands and every time the card expires, the plastic become zero valued and adds to the trash. We have many options to use the card at the same time it generates much confusion also. Practically just assume that a card got expired, either you have to surrender it or carefully break it in to pieces as advised. One has to track the new one whether reached us or not and at the time of change of address, we have to provide letters as many times as our number of cards. It is very difficult to handle with our single hand all the financial tracking and re-payments etc. So do the numerous receiptsthat we accumulate after swiping our credit cards.How the idea of having a single card against all the cards that one has. I guess this is very nice idea and easy to handle - its not a dream!
The fundamental of the One Card is quite simple; it wants to eliminate the trash (and resolveissues like identity theft via discarded expired credit cards) by proposing to be thisall-credit-cards-in-one device. On one end of the gadget is a Memory Card Slotthat will help the user uploads their various CC Details.
The other end has a turning-knob that allows one to choose the appropriateCredit Card to be swiped. The display on the device reflects an identical copyof the CC front, while the strip on the back mimics a CC’s magnetic strip. Oncethe transaction is completed, the receipt generated is displayed on the device(no paper receipt) and the info gets stored on the memory card.
The concept is pretty clear in what it wants to achieve, namely combine allcards that a person uses under one umbrella, reduce generation of paper/plastictrash, identity security etc. The only block is the compatibility with variousbanks and the willingness of people to rely on a gadget for daily CCtransactions. Yes, we do use online, virtual services, but something like thisis quite different.