The card also utilises a near-field communication (NFC) chip for in store payment.NFC is a short-range wireless connectivity technology commonly deployed in a chip and embedded in handsets such as mobile phones in other countries for contactless payment, just like Visa Wave that is available in Malaysia. Besides that, the USB card can also be utilised as a post-paid transportation payment system.
In my opinion, I think it's got an equal share of pros and cons. The advantage is that it'll save you time if you are in a rush whether for online or offline transactions. The post-paid transport payment is great especially when you don't have change or when your Touch-N-Go is out of credit. There is no credit card number that can be stolen just by the appearance of the USB card. All information in the card can be digitally encrypted and transaction security is the responsibility of the merchant.
The disadvantage is that it's still as easy to steal as a normal credit card. Due to it's size, there are chances that you'll misplace it, just like the many USB sticks from the university computer lab sitting in lost & found. It is not suitable to be carried in your wallet as it is definitely thicker than a normal sized credit card, so hanging with a lanyard is probably the other option. These are just a few sudden thoughts that I compiled. It might not be long before it hits our shores, but whether its just a fresh idea or another practical option for our payment,we'll have to try it to find out.
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