We already have phones that work like computers, give us step-by-step directions, and can speak to us, and respond like a personal assistant, but now Singapore is going to be the first to give a trial run to the new Mastercard. Users will have their balance, reward points, and recent history at their fingertips. The digital keyboard and LCD screen will give all the info with the input of a four digit password. When interviewers asked V. Subba who is a representative of a bank working with MasterCard on the design how they came up with the idea, it was stated:
The question was: instead of sending customers another bulky token, could we replace something which already exists in the customer’s wallet? That was when credit, debit, and ATM cards immediately came to mind.
Of course it will be convenient for those who do not carry smart phones. Is this necessary when we are so close to having NFC or near-field communication which could make credit cards a thing of the past and require nothing but our smartphones? Some believe that we should be making credit cards a thing of the past and require nothing but our smartphones. Not everyone is up to date with techonology, and not everyone wants to be. It should be at the discretion of the consumer what they are more comfortable with. It could be a very useful device for those tho like to have the physical card in their posession and choose to not have a smart phone.