Just a thought, but might the contacts at point 3 on that image also be a device to emulate Chip & Pin chips so this device can work in Europe (and anywhere else that system is used)? They seem to be in the right kind of position.
That'd put it heads above the last "smart credit card" I saw which was aimed squarely at the US Market and lacked any such security.
Insert in atm, hacked the machine, get lots of money. Best function ever!
Anonymous, 29 Jan 2016This is the stupidest idea I've ever seen. Why not just use contactless cards that require no ... moreyou have to think that countless people thought and engineered this card, you can't discredit the idea because you don't like it . if it was created it is because there is a target audience and a demand.
Anonymous, 28 Jan 2016Did you notice the display on the card says "Locked"?Wow, didn't notice that. Thanks for pointing that out.
Back engineered can be useful to hack ATMs :P
This is a fail before it even launches
This is the stupidest idea I've ever seen. Why not just use contactless cards that require no charging? It's obviously going to be thicker than a regular card so you're not even making your wallet thinner by buying one unless you carry a hell of a lot of cards. Most people have about 2-3 and it takes all of 5 seconds to put a PIN in and contactless is virtually as quick as you can put your card on the terminal. I will admit older people do struggle with PINs and don't usually go with high end handsets with fingerprint sensors, etc but even they probably wouldn't use this. They prefer cold, hard cash. The next generations have all lived with paying with plastic for a long time and following generations will have their phones and contactless cards... WHAT IS THE POINT OF THIS PRODUCT, SERIOUSLY?!
i like it, 1 card to bind them , 1 card to rule them all haha
AnonD-308243, 28 Jan 2016now this is one thing usefull. just hope this card has biometric system to lock and unlock. be... moreYes, and an iris scanner and a DNA processor to match.
It will work just like regular cards, swipe, insert or touch and type in the PIN. Finito.
We are slowly moving away from cards and LG os like no. Let's create something for a market that's literally going to die soon. LG are like Sony. They love shooting themselves in the foot.
I really like the concept. Really. But now we have one thing to add to not forget to charge. I live long enough to see the day we need to plug in and recharge our credit card. What's next? Introduce a rechargeable paper? Rechargeable shoes? Maybe you need to recharge the door before you could open it too. I mean, how much battery can the card hold before it loses it charges? Answer me please.
now this is one thing usefull. just hope this card has biometric system to lock and unlock. better yet two finger simultaneous read function for an even more stronger lock (two fingers from the same hand have to match for the card to unlock). nice concept LG hat off from me.
AnonD-451171, 28 Jan 2016Doesn't this raise privacy issues. Rather than trying to improve convenience by reducing the n... moreHow is this a privacy issue if phones are online more of the time than a piece of plastic with some silicon?
Doesn't this raise privacy issues. Rather than trying to improve convenience by reducing the number of credit cards a cardholder carries, more emphasis should be placed on making the cardholder the sole user or choose users of the credit card.
Very nice! Congrats, LG !