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The ‘Wocket’ Generates Electronic Versions of Debit and Credit Cards

 - Apr 7, 2014
References: thewocket & gizmag
The Wocket is a high-tech smart wallet designed to securely store electronic versions of your various plastic cards so you don’t have to carry physical cards everywhere and risk losing them or having them stolen. 

New users swipe all of their magnetic-striped cards into the Wocket, which records their data and stores it in its memory. Even non-striped cards such as those with barcodes can be scanned. Up to 10,000 cards can be stored on one Wocket.

When a user needs to make a payment, they can use the Wocket’s touchscreen to select their desired ‘soft’ electronic card after verifying their identity using a combination of a PIN number and various biometrics. The Wocket then wirelessly pairs with the merchant’s payment system once it authenticates it. It doesn’t require smartphone pairing or Internet access.

The Wocket also comes with a swipeable physical card that can be programmed for single uses. It can also be purchased with the option of an added cash-carrying accessory.