Tired of carrying so many cards in your wallet and loyalty card on your keychain? With the average consumer carrying nine credit, debit and loyalty cards, a solution has finally arrived with the iCache. The iCache was developed by tech entrepreneur Jonathan Ramici to help slim down our over-stuffed wallets and bulky key chains.
The iCache is a device similar in size to an Apple iPod. The device works by registering all of your credit, debit and loyalty program cards on iCache’s website. You then upload all of your card data onto the actual iCache. To access your stored information, the iCache uses a biometric strip to read your fingerprint to ensure it is the owner accessing the information. After verifying your fingerprint, select the card you wish to use and the iCache will pop out a plastic card with the card’s appropriate information. The information stored on the plastic card is deleted after just one use.
The iCache is universally accepted just like any other credit, debit or loyalty card. The iCache features the ability to function just like any standard card. iCache carriers can use traditional point of sale terminals like a magnetic strip, contactless payment (RFID & NFC) and bar code readers.
Limited availability of the iCache will be available starting in the second quarter of 2008 with wider distribution occurring on the middle of 2008. Although a price for the iCache is being kept secret, other sources say around $99 for the device.
