New Deal Design has created a payment device that aims to revalue financial transactions that quickly became underappreciated with the rise of credit and debit cards.
It has been shown that exchanging money through tactile means, namely through cash, reduces the amount of money people spend. Card-swiping transactions make life more convenient, but the value of money is less appreciated through this process and people are likely to spend more of it. 'Scrip' is a payment device that incorporates the tactile benefits of cash with the convenience of digital transactions. The resulting device has a textured oblong shape on which users make swiping and pushing movements "designed to mimic the handing over of cash to pay for items." The device could also be used to withdraw money from banks, to exchange currency when traveling and to exchange money between individuals. The device connects via Bluetooth to smartphones.
This tactile payment system by New Deal Design works to decrease spending habits and have users experience either the stresses or the sense of satisfaction that comes with spending cash.
Tactile Payment Devices
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