The LoopWallet app has just rolled out to U.S. consumers, where they are now the first around the globe to enjoy the wonders of using one’s mobile device as their primary method of payment, eschewing credit cards as well as cash. The LoopWallet app can be downloaded from the Apple App Store, while those who are rocking on the Android ecosystem would have to wait it out for a little while more as there is an April 2014 release being targeted.
Apart from that, Loop Fob is also being offered for $39 a pop, which will be the first (and definitely not the last) of many AppCessories which will enable users to be able to swipe as well as stash their precious credit or debit, gift and reward cards into their smartphones, all the while enjoying a robust security safeguard.
Loop will integrate the highest level of Payment Card Industry (PCI) security, which means you ought to have peace of mind when stashing your slew of cards (payment, gift, loyalty, reward, ID, etc.). Thanks to the patented technology within, payment card data will be encrypted and stashed away in dedicated hardware secure memory, and when partnered with payment card issuers, Loop’s technology will also be able to generate dynamic card data each time a payment is made so that this data becomes unusable for those who want to clone a card. [Press Release]