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Friday, January 29, 2010
Live Checking Card better called as 'smarter credit card' is much more than just a dumb piece of plastic that includes many smart features. The Live Checking Card won’t let you overspend and go beyond your limits as a cumulative amount shows up on the screen every time you swipe the card.
Also with the Edge Light Identify feature you can easily know whether your expenditure is within the limits of your balance or not.
This wonderful device is powered by solar energy and has a E-ink display that allows you to check your payment history. It also helps you to tracks your bank account transactions through Radio-frequency Identification (RFID).
With such features in place not only are you in better control of your budget but you’ll also save the environment. Having access to instant detailed bank accounts means that you won’t have to print out bank statements to monitor your recent shopping sprees. The device uses solar power which means you don’t have to deal with batteries. And since we’re talking about a digital device here, you won’t have to replace it as often as you replace your plastic cards.
Will banks launch such a product soon? Well that remains to be seen. We haven’t talked about the safety measures employed by such a Live Checking Card. Losing or having one stolen sounds a lot more dangerous than having your regular plastic card stolen. We will certainly get back to you once such a concept credit card gets made. In the mean time you can consider getting a smartphone to help you manage your budget while on the go.
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