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iCache Geode claims title of first shipping iPhone e-wallet, asks 'who needs NFC?'
Apple has been sending mixed signals as to whether or not it will bring NFC to the iPhone for mobile payments, but iCache clearly isn't waiting for the technology to show its face -- the company just started shipping its Geode e-wallet. As we saw just a few weeks ago, the Geode simply rolls existing credit and debit cards into a proxy GeoCard that's scanned at the store to handle transactions. Although it demands a specially-made case with an e-paper screen and fingerprint reader, not to mention an app to manage the attached cards, the choice lets an iPhone owner buy goods at all the usual places instead of having to hunt down special terminals. We like the one-card universe it creates, although it's clear the shopper has to carry a lot of the responsibility for making this digital payment dream a reality: at $200 a pop, the Geode's wallet-slimming effect carries a premium, especially since it won't work with anything besides an iPhone 4 or 4S.
CTIA 2012: a look back at our favorite devices
CTIA 2012 is wrapping up and we thought we'd spend a few minutes reminiscing about some of the more interesting devices we had a chance to see for the first time or that were launched here. Unfortunately for us -- and thereby for you, too -- the show lacked the bite we've seen at previous events, in fact it barely registered a nibble. We did catch up with five products we'd like to highlight so follow on after the break for our recap.
iCache Geode digital wallet hands-on (video)
The iCache Geode was easily the most impressive use of technology that we saw during CTIA 2012. It's the epitome of how a fantastic tech idea can be translated to real-world use in a very classy and clever way. At its heart it is extremely simple: take all your existing credit, debit and loyalty cards, save them in a secure way and be able to use any of them without actually having the original cards handy. The system is comprised of a housing for the iPhone coupled with an app, an E Ink display on the rear, a fingerprint scanner, the GeoCard, and a magnetic stripe reader that is capable of quickly reading in your card details and saving them. Using the Geode is a two-step process -- scan all your cards into the device with an included scanner attachment, then using the iPhone app select your method of payment and the GeoCard in the housing is instantly programmed. Pop the card out, tap it on a solid surface to activate it and spend your money. Loyalty cards are equally easy to use: select one of them in the app and its barcode is written to the E Ink display on the Geode's rear surface. Of course iCache has considered the security implications and has addressed them in a few different ways. The iPhone doesn't store any of your card details as they're kept in the housing itself. On launch the app does a hardware check to be sure nothing's been tampered with, asks for a fingerprint scan and the card programming only lasts for a user-defined period of time after you've tapped it on the table. Click on through for a video demo of the whole ride.
iCache emulates credit cards so that you can sleep soundly -- or can you?
If you've got too many credit cards, debit cards and loyalty cards eating up your precious wallet space that could otherwise be put to better use storing gum wrappers and Bazooka Joe comics, and you don't mind adding another gadget to your accessory-toting bag of choice, then this iCache thing might be just the thing for you. The device can emulate pretty much anything with a magnetic strip, storing the info inside the device and allowing you access with a simple swipe of your finger and a menu selection. To read back the info, the device can display a barcode, communicate wirelessly with one of those contactless terminals, or print the data out onto a universal magnetic card that will store the info for 10 minutes, allowing for a quick shopping spree. While in the right hands, this sounds quite promising -- if a tad self-defeating due to the fact that the gadget is most likely larger than your stack of cards -- and the security seems commendable, we shudder to think what a hacked-up version of this thing, lacking that arbitrary thumb-based security, could pull off, so for now we'll stick with burying all our cash in the backyard and guarding it with a one-eyed dog and our trusty shotgun.[Via The Raw Feed]
