Mobile payment systems or mobile wallets are yet another technological advancement gradually creeping into our everyday life. Apple Pay has gained some serious media attention, but it has not been adopted universally and some supermarket chains like Walmart are encouraging the use of their own proprietary payment system. All these factors leave a sizeable opportunity in the market for a player like LoopPay's CardCase.
What's the LoopPay CardCase?
The LoopPay CardCase is an electronic payment system with a detachable electronic card that could be utilized to buy stuff at almost any place where a traditional credit card can be swiped. This means that the CardCase works just like a magnetic stripe credit card and can work well in its stead. It is essentially a smartphone case with wireless payment technology built within the removable card.
The product costs $49.95 and is still kind of bulky with a shiny, slippery texture to it. It actually increases your iPhone’s girth by almost two times when attached. The detachable card is just a little smaller than a real credit card though it’s much thicker. You have the option to store a few actual cards in the meager room provided in the back though you may not be able to also fit in some cash along with the cards as it gets quite tight. It’s pretty clear that LoopPay have not taken the design criticisms faced by ChargeCase seriously as the CardCase also adds similar bulkiness to your smartphone.
The Working Mechanism
To set up the LoopPay Card, simply download the app and pair your iPhone with the device using Bluetooth. There is a card reader included to help you scan your credit cards. Once the credit cards get scanned, your new mobile payment system is ready to go. To buy stuff, place your phone close to a sales terminal or remove the card from the case and place it close to the terminal instead. It’s a neat process that actually does work most of the time. In fact, you can give the CardCase to the cashier to let him or her process the transaction without parting with your phone.
To trigger the LoopPay Card, you can either press the physical button present on the back of the card or you can tap the stored credit card in the app loaded on your phone. Using the physical button seems slightly more convenient as you needn’t unlock your device each time you wish to pay. When using the card, you just need to hold it like a traditional credit card and your stored information gets transferred making the payment successfully.
Real World Feasibility
CardCase does not use NFC technology like Apple Pay. It's actually more old school, despite functioning innovatively. It creates a magnetic field that duplicates the magnetic stripe information on the back of your real credit card. The functioning is quite fast, almost flawless and is well-suited to closely 90% of the credit card machines in the real world. This compatibility gives the CardCase far more reach than Apple Pay at this point. However, LoopPay does not work in payment terminals that need inserting your credit card into the slot like ATMs.
Additionally, you can hold more than one credit card in your phone’s LoopPay app and the one set as default will be charged for the payment made. You can also pick whichever credit card you desire in the app just before your payment. Security factors are also given adequate attention to in the app as you choose how long the detachable card can be outside the Bluetooth range before the wireless transmission ceases to work.
The case is also somewhat slippery making its handling slightly tricky at times. This minor shortcoming do not overshadow the creative thought process put into creating this product. LoopPay has got most things right and if they can rectify these little issues, they have definitely got a winner in their hands.
Buy it from LoopPay.com