Out of all the many devices that have evolved out of the USB phenomenon, this has got to be the icing on the cake. Shinhan, a Korean company, has come up with the first ever USB type credit card.

It aims at providing users with the ability of making easy transactions via its built-in IC chip which allows for no-touch payments in IC card reader-equipped establishments as well as the convenience of having pertinent credit card information entered automatically for online transactions just by simply plugging it into the USB slot of your computer. However, as grand as their announcement to the public, they are quick to note that they won’t go full steam ahead with this project and will still provide the conventional plastic cards until a greater number of establishments become equipped with the IC chip readers.

I guess when this does become mainstream, online fraud will be as easy as plugging in a hijacked USB credit card, but I guess they’ve already thought of this possibility, or have they?