The new re-programmable credit card technically called as– Wallet card is developed by Dynamics Inc. and Sprint. The Dynamics Inc. and Sprint have announced this at CES 2018 is a reprogrammable payment card that can be used for a bunch of different accounts: debit, credit, loyalty, and any other transaction that uses a magnetic strip.
One unique feature of this re-programmable credit card is– it has a cellphone chip inside and its coming to U.S. banks. The cell phone antenna lets it with the banks and also useful in getting a card replaced, sending special offers directly to the card, downloading a new card’s security information, or locking an account in the case of an emergency. Also, the chip present in the card never runs out of battery and it recharges itself.
The prototype was extremely easy to use. It has a small e-ink readout on the front and two clickable buttons. You scroll through your different options by clicking the buttons. The one we used was storing four different cards.
The idea of a reprogrammable credit card isn’t all that spectacular or new. The company Plastc famously disintegrated after raising $9 million through a popular crowdfunding campaign. But this card could be different because of its creator, Dynamics Inc.
However, the idea of re-programmable credit card is great but it has a slight edge in at least some situations, specifically ATMs, where magnetic strip cards are required, the company explained.