Scott Schaffer: Death of the Credit Card

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(KTVI) - Is your wallet morbidly obese? Too many credit cards? It may be time to consolidate all of those cards into one.

Scott Schaffer from Blade Technologies talks about the latest innovations.

Coin - Anticipated device that aggregates all of your credit cards, membership cards, etc.
Swipes like a regular card.
Device allows you to select the card that you wish to use for the 'swipe'.
Utilizes Bluetooth to 'tether' to your smartphone to alert you if you leave it behind.
Pre-Order Now, Shipping in Summer 2014.
$55 currently, retail at $100
Visit onlycoin.com

GOOGLE WALLET -  Been around since 2011.
Allows 'tap and pay' functionality using NFC (Near Field Communication).
Supports iOS and Android.

RFID: RADIO FREQUENCY IDENTIFICATION.

Small chips with radio transmitter and antenna.
Same technology that is used in pet microchips.
Could have credit card information placed on it then implanted in your hand.