An average person has at least one credit and one debit card, along with multiple loyalty and membership cards. These range from airlines loyalty cards, to convenience and grocery store cards, all the way to the Starbucks card.
Apple is trying to help, as you can store your card data in iOS 8, but you cannot do that with debit or credit card. If you want to use Apple Pay you are much more limited than with an actual physical card.
A company called SWYP came with a neat solution. It is a digital card with a small display that will read and store your credit, debit, loyalty card or gift card details, and let you use it.
This single plastic card can replace dozen others cards and the company promise that the card is secure. If the SWYP card goes out of range of your phone, it will automatically lock. This is a nice feature. The card will work without a phone via custom secure pin too.
The FAQ solved one of the questions we had in our mind. From what we saw from the introduction video, it seemed that you can take other persons credit card and save the data for your card. Well, these guys are not that naïve as the SWYP card works only with cards that have the same name as the SWYP account.
There are three buttons and a display at the card and you will use the buttons to chose the card you want to use and it will show the card details at the display. You can attach receipts for your business expenses.
The card looks interesting and it will ship in Fall 2015 this year to US residents only. The early birds will be able to buy it for $49+ shipping, while the regular retail price will end up at $99.
We have to admit, we like the idea and the price seems to be right. This might be one of the cool ultralight IoT/wearable devices that makes sense. We don't know if you will have to change the card on a regular basis, and if so, how will this work.