New technology is coming out that will make it easier on your wallet if you’re one of those people with more than one credit card.
A startup company, Dynamics, has released a concept credit card that would allow more than one account to be accessed by one card. This would allow a credit card, debit card, store card, gas cards or even gift card to occupy one magnetic strip on one card. A user would select which account they would want to use and the card would “change” the information on the magnetic strip.
There would be security for these cards, since you don’t want one person to have access to 5 accounts by stealing ONE card. The card would digitally hide part of the account number and only reveal it after inputting a code into the card, almost like a pin. You can see the card concept with the part of the cared number that would change and hide depending on which account you access.
This type of technology would be very convenient if, given there are enough security features, people could use the card as a drivers’ license, ID card, credit card, SS card or other options. The ease of only having one card to carry around is something often discussed or used in science fiction texts and movies, but never fully realized in the real world.
There would, of course, be real security concerns that I’m not addressing that WOULD need addressing, but I feel, as long as techniques like pin numbers are used, these can be solved easily.
Below, you can see a video of a representative from the company giving an overview of the possibilities of the card.
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