The iCache Might Replace Your Credit Cards

A new product called the iCache (why not just iCash?) is scheduled for release sometime next year. The concept is simple, and although I personally don’t see the benefits, it’s bound to become a successful product.

What Is The iCache?

The iCache will allow credit card owners to synchronize all of their credit cards into a single card that easily takes on the signature of the desired credit card. Instead of dealing with the burden of carrying multiple credit cards, consumers will have the convenience of carrying around a small electronic device (the iCache) and the special corresponding iCache card.

How Does The iCache Work?

The iCache electronic device is initially used to capture all your credit card’s magnetic signatures. Once the magnetic pattern is stored in the device, those patterns are transferable to the iCache’s corresponding card, pictured above. Fortunately, the creators of the iCache had security in mind. Not only are credit card’s magnetic sequences encrypted on the device, but to apply the magnetic patterns requires the user’s finger print. Before the electronic display lists previously synchronized credit cards, the user puts the finger of their choice over the scanner, and viola! With the iCache card inserted into the electronic device, selecting the desired credit card will instruct the iCache to write the magnetic signature to the iCache card, allowing the user to use the desired credit card as if it were the real deal.

So… What Are The Benefits?

Some may see the iCache as a relief simply because the need to carry around and keep up with the 20 credit cards most American’s have will become extinct. Instead, credit cards can remain in the safety of the consumer’s home. This will definitely prove beneficial to people like Paris Hilton (if she can figure it out), but small timers like myself with just one credit card, eehh, I’ll pass.

If you’ve had an opportunity to use or obtain an iCache, please share your comments and opinions below. I’d love to hear some first hand experiences with the device regarding it’s functionality, usability, and practicality.