The mobile payment system is being bombarded by many companies to set themselves as the top most companies in the market. Earlier, Google and Apple had launched this mobile payment system in order to work with universal card swipe terminals.
The credit card which is used to deal with all the cash transfers and cash withdrawals.
The card details are as follows:-
- LG’s has standard features like a display that tells you presently which card is active, contacts to keep it charged up, buttons to select them.
- This is a small opportunity for LG in the United States wherein people still use the old technology of Swipe.
- While the idea is imperative but the execution has not been great yet.
- According to the reports, the universal credit card which is known as the “White Card” has set its expectations to be announced this month.
- LG could not be a long term solution even if it makes a perfect universal credit card.
- Top companies like Swype, Plastic and Coin have tried to make better results with the universal credit cards.
- The idea is to put all the magnetic strip cards on just one single card that will be equipped with a display to control all these cards.
- A re-programmable magnetic strip at the back which is packed with all credit card size package is heavier than one single card.
- The white card appears to be in a different route than the Coin. The Coin is sealed with a 2-year battery.
- White card has external charging contacts along with a dock to charge it.
- Plastic is sealed with an integrated six pin points contacts for emulating EMV chips.
The fascinating idea of LG’s universal credit card wherein users can choose someone who actually wants to use a simple interface and who can store all the plastic in wallet card.