It is a common practice and a trend for many people to carry separate credit, debit, gift and loyalty cards. Advancements in technology however has seen the development of a card like device that can store 25 card profiles.
This card is equipped with a magnetic stripe and a circuit board which stores the various cards information and allows users to choose between them by pressing a “next” button on its face.To set up the Swyp, users take their existing cards and place them in the card reader that ships with the Swyp.The reader connects to a phone,which then uses an app to transfer the card data to the Swyp.
The cards magnetic stripe changes depending on the card you have selected,allowing you to use the right card when you need it. Made out of a metal alloy and sporting a 1×1 inch display, the card supports Bluetooth connectivity and is compatible with iOS and Android devices.
The need for the Swyp card to be compatible with mobile devices also comes into play when looking at its security features. Besides a standard PIN, the card automatically locks itself if its more than 6 feet away from the phone you have paired it with. A PIN is required to unblock the card if it does venture out of range, and multiple attempts to unlock the card results in the card data being wiped.
The Swyp card is EMV ready (Europay, Mastercard and VISA), but does not support NFC.