Introducing LOOP The Future Of Money!
http://ift.tt/1fh5GPk. Loop is the first mobile wallet to let you securely store all your cards in your phone and let you pay at more than 90% of retailers. Why is that a big deal? Because for the first time, you can use your smartphone to better organize and use the cards in your wallet, and to better interact with the card issuers and merchants you do business with. Loop is all about making your life easier, keeping your cards more protected, and helping you look and feel like the trendsetter you are. Loop Fob: The Loop Fob is a small audio jack device with a built-in card reader to safely stores your cards encrypted into a secure memory module. A microprocessor and a magnetic induction loop within the Fob allows you to transmit your card data to just about any merchant card reader. The Loop Fob is compatible with both iOS and Android devices (iOS app will be ready by December for download, the Andriod app will be available in the first quarter of 2014). The Loop Fob is capable of transmitting your card data while attached to your phone or can be easily used in detached mode in restaurant or bar settings. The Loop Fob with the LoopWallet App. The dimensions of the Fob are: 1.5 in x 1.65 in x .21 in. (The Loop Fob will look the same as the pictures above. The production version will be made with more resilient plastic than the rapid prototype versions shown above. Rapid prototype plastics tend to be more brittle than production plastics.) Loop ChargeCase: The Loop ChargeCase is a sleek, protective case that provides you with a secure wallet that you can use, but also delivers up to 60% more battery power for your iPhone 5 and 5s when you need it. The ChargeCase comes with an audio jack mag stripe reader to swipe in all of your mag stripe cards into the Loop device. Both the Loop Fob and the Loop ChargeCase come with a USB cable for charging. The LoopWallet app will be available for free download. The People Behind Loop: Our founders, Will and George, are a couple of entrepreneur geeks trying to make our own little dent in the universe. George pioneered the mag stripe credit card reader in the 80's, took his company Hypercom public, and revolutionized the way we pay. Will created the first company to turn mobile phones into payment terminals with Way Systems and he built ROAM Data with the same spirit of ingenuity. Now, the two have teamed up to solve the biggest challenge facing mobile payments today: how to turn your phone into a wallet that works, for any consumer, "right now". Loop is the first company that has solved this enormous challenge and now we need your backing to help us put this innovation in your hands so you can go from a big fat wallet or pocketbook, to the convenience of carrying only your phone (and some cash if you're feel old fashioned)! How does it work? The MST technology generates changing magnetic fields over a short period of time. This is accomplished by putting alternating current through an inductive loop, which can then be received by the magnetic read head of the credit card reader. This signal received emulates the same magnetic field change over time as when a magstripe card is swiped across the same read head. Loop works within 4 inches from the read head; the field dissipates rapidly beyond that point, and only exists during a transmission initiated by the user (as opposed to NFC). How are cards loaded and used? You can swipe all our magstripe cards into a secure chip in our Loop ChargeCase with an audio jack reader we provide or the integrated card reader on the Loop Fob. Then use the LoopWallet app to select the card you want to use, place the Loop near the credit card reader, and hit the transmit button on the screen or device. The signal will be sent and the credit card machine will accept the transmission. Loop Features: Loop gives you control of what you put in your mobile wallet. Just load your cards as described above (credit, debit, gift, membership, loyalty) into a secure chip in your Loop Fob or ChargeCase. Use your LoopWallet app to organize and manage your cards. You can even scan in IDs, Membership Cards, and even your receipts and passwords. The Loop can only be unlocked with your PIN. Your LoopWallet is password protected. You have complete control over what cards to use, and when to use them, just like a regular wallet. You can also transmit a "default" card that you select by simply pressing the transmit button on the Loop Fob or ChargeCase. The Loop already works at more than 90% of retailers. Due to our extensive field-testing, even before we ship, we know that the Loop works all around the US and internationally as well. We would love to hear what you think about the Loop ChargeCase and Fob packaging. Please leave your thoughts in the comments section. Thank you for your support and feedback.
via YouTube https://youtu.be/IO8vpmXTYeM
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