iCache is a new gadget on the market trying to gain some adoption with the intention of consolidating your credit card data and adding a little security as well.

The iCache device is able to house the data from all your credit cards, debit cards and basically anything with a magnetic stripe. Once the information is saved it’s secured by a biometric fingerprint scanner on the front. Whenever a credit card is needed for a purchase, users can select the appropriate card from the menu on the iCache gadget and the magnetic stripe on the iCache credit card will be temporarily encoded with the appropriate swipe data. The iCache device can also display bar codes and communicate information with Contactless terminals.

This all seems pretty slick, especially for those with a number of credit cards. If you lose this device the bar code prevents others from using the credit card or the information, but you have to carry this additional gadget around with you which looks to be larger than a small stack of credit cards.

Source [iCache]