If you’ve read my previous post about an innovation about the next generation of credit cards (Card 2.0), I mentioned two things:
1. Some banks in the US have been running tests and prototypes on Card 2.0
2. I personally think that this concept would not go too far as the next generation payment may go beyond cards (mobile, maybe?)

Well, Citibank is seen to be the first heading into the Card 2.0 world with two buttons – giving cardholders to have the option to pay either via credit or Citi Reward Points anywhere the card is accepted. Introducing to you the Dividend Platinum Select MasterCard and PremierPass Elite cards from Citibank! It is said that these cards will officially launch in May 2011.

Pretty interesting, huh? Instead of sticking to the concept of having 2 different cards represented in 1 Card 2.0, they made it simpler for their cardholders to make different modes of payment. Simple, yet smart.

Do you have a better idea for Card 2.0? I’d love to hear them :)

You’ve heard about Web 2.0. How about a Credit Card 2.0? That’s the evolution of credit cards – really cool features, secured, water and scratch proof. Imagine a card that can tie in multiple accounts into one card, password protected, hide certain digits of your card number with a push of a button (yes, a button), but yet retain it’s card-like plastic features and remains just as thin!

All in all, it is definitely what credit cards should be like right now!

According to the creators of Card 2.0 (Dynamics Inc.), several banks in the States are already undergoing stealth testing with prototype cards and may be launching soon, although an exact date is still unavailable at this moment.

My description of Card 2.0 does not do justice to this awesome innovation. Hear it from them directly in the video below, thanks to Mashable (note: it is pretty noisy so you may want to jack up your volume a little lot!

So, what do you think? I can so imagine myself carrying one of these right away!

“However, the video does not tell us where the battery will come from and it may be really costly for them to produce these in the mass. Plus, security may still be a problem since passwords aren’t exactly safe as well. Let’s see how far this innovation will be able to travel as Cards may not be THE next generation for payment! For all we know, Google may just come up with a Google Bank that allows you to use your Google Account sign-in at banks and transactions… scary much”