Ping wallet – the world’s thinnest & smartest wallet

A US start-up company is in a raising funds period for full production of the first world’s super slim aluminum smart wallet with anti-loss, anti-theft, and card reminder technology. So far the company raised $10.000 of their $30,000 target, from the ordinary people interested in supporting or having such a product. When it goes for sale, in early December this year, Ping will retail for $79.
What does Ping?
Card reminder alert – Ping connects to your iPhone and Android smart phones using Bluetooth 4.0 and sends an alert reminding you to return your card back to wallet after each use or if a card has been removed unbeknownst to you.
Theft alert – Ping comes with a built-in speaker that alerts if someone takes the wallet or your phone.
Lost connection alert – Ping automatically alerts and records the last know GSP location of the wallet in the event of a lost connection between your phone and Ping.
Proximity search – Ping can be located using proximity searches or sounds in the event the wallet is lost, stolen or accidentally left behind.

Other features allow you to open a tab at a bar or restaurant using a Ping app. After a certain amount of time, the Ping app will remaind you that your card has not been returned to your wallet.

The wallet has a range of 100 feet and the battery lasts for up to two years, after which it needs to be replaced for a „very small fee”.

„Ping helps make losing or getting your wallet and/or cards stolen a thing of the past. We have been working on Ping for almost a year. We currently have working prototypes, and are hard at work developing the Ping mobile app and finalising the Ping design for production with the electronic circuit board”, according to Kickstarter’s statement.

At just 3 mm thick, Ping is slimmer than 4-stacked credit cards, yet can hold more than 10 cards and a great deal of cash.

„We did not want to make just another wallet, we wanted to help solve a much bigger problem which consist in a fact that stollen wallets, not hackers, cause the most identity theft”.

According to reports from Javelin Strategy&Research as well as LifeLock, 43% of most known cases of identity theft occur through a lost or stolen wallet. 26% of victims who experienced theft from their existing bank account said it was due to a lost or stolen wallet. 29% of victims who had multiple kinds of theft (bank, credit, other) indicated it was from a lost or stolen wallet, while only 11% of the respondents said it was lost in an online transaction.

Source: wired.com

The Javelin Strategy&Research report confirms that the number of identity fraud victims has increased 22% to 9.9 million adults in the United States, and the total annual fraud amount increased by 7% to $48 billion over the past year.

Source: http://pingwallet.com/