This isn't a "smart card". This is more like a computer shaped like a credit card, but as thin and light and flexible as a normal plastic credit card. It has a magnetic stripe, but the strip is programmable on the fly, so a single electronic credit card can take the place or several physical credit cards. It is amazing that they have fit all this into such a small container:
The name of the company is Dynamics.
What would be better than this? It might be better to embed credit cards into a cell phone as is happening in Japan:
The advantage of the electronic card shown above is that it is compatible with all of the existing mag stripe readers.
For more info see:
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