Jeremy Gutsche — June 29, 2007 — Tech
References: jacobpalmborg & yankodesign
The credit card of the future is and RFID enabled device that links into your bank information so that you can display your financial situation and even get a financial forecast. It could also serve as your driver's license, student ID and passport. For security, no information is stored on the device and your fingerprint is required to do anything with the card. The concept was designed by Jacob Palmborg.
Implications - Security is of the utmost concern to modern consumers who will jump at the opportunity to purchase products that reassure them of their safety.
Implications - Security is of the utmost concern to modern consumers who will jump at the opportunity to purchase products that reassure them of their safety.
Trend Themes
1. Rfid-enabled Credit Cards - The trend towards RFID-enabled credit cards offers opportunities for security-focused innovation and financial forecasting.
2. Biometric Authentication - Biometric authentication, such as fingerprint scanning, has disruptive potential in the credit card industry to enhance security.
3. Multi-functional Cards - Multi-functional credit cards that can double as a driver's license, student ID, and passport present opportunities for cross-industry innovation.
Industry Implications
1. Banking - The banking industry can leverage RFID and biometric authentication trends to offer enhanced security and real-time financial management to customers.
2. Technology - The technology industry can work on developing more advanced and secure biometric authentication for credit cards.
3. Government - The government industry can explore opportunities to streamline identification by incorporating multi-functional credit cards as official forms of identification.
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