Photo Credit: © 2016 Plastc, Inc.

Plastc Card Status, Expect Delays For 2016

Plastc Card Status Update

Plastc Card is one of many cards that were announced between 2013 and 2015 that tout to be the next digital all-in-one financial management device. This family of cards include Plastc, Coin, Stratos and Swyp are all all-in-one universal credit cards. They take all the cards in your wallet and securely load them into one super card. This card gives you the ability to shrink the size of your purse or wallet through consolidation. It also offers better security by adding some type of security option such as auto-lock via Bluetooth or remote wipe.

So you don’t suffer early adopters regret, I have thrown my hat into the ring for Coin 2.0, which I am currently using, Swyp and Plastc. My experience with Coin 2.0 has been fairly good and the NFC, at least at Subway, works like magic. NFC is the same tech that Apple Pay works on.

Expect Delays

Par for any new technology, delays are abundant. It took almost 16 months to get the Coin. I just subscribed to to both Swyp and Plastc late 2015. No expectations for at least 9-12 months. The good news about the wait is when the product actually comes through. In regards to the Coin 2.0, I only carry my Coin, drivers license, work ID, and both the Chase Sapphire Preferred and AMEX Everyday Preferred (as back up).

If you are still interested and ready to buy, you can click through here. You will get a $20 discount when you pre-order Plastc, and I will receive a $20 Amazon gift card. Thanks for supporting the site.

Plastc Card StatusWhat Is The Plastc?

Of all three cards available, I find the Plastc to be the most innovative and future-proof. Here is a list of features.

Payment technologies

  • Re-writeable Magnetic Stripe (available at launch)
  • Re-writeable EMV (support not available at launch)
  • Re-writeable NFC (support not available at launch)

E-ink touchscreen display

  • 3.1”
  • 312 x 74 Pixels
  • Flexible bi-stable display
  • Touch sensor

Charging

  • Proprietary Plastc charger

Other features include, Bluetooth low energy, flexible rechargeable battery (Approx. 30 day charge) and flash memory (Store up to 20 cards).

Plastc Card StatusThe Waiting Game

Today I recieved an email from Plastc discussing the lack of communication on updates and when we can expect to see our return on investment. Here’s the message we were sent.

Hello Plastc Pre-Order Customers,

I have read your comments on Facebook and Twitter and see the demand for more frequent updates. Going forward, you will get them. We have made tremendous progress and are excited to share our latest with you. You are our loyal and valued customers, and you deserve to know the realities that we face every day. You will see the successes as well as the challenges that we encounter while bringing a product of this caliber to market. Updates will come through social channels, blog posts and email. That is a promise, from me to you.

The Big Question:

When will Plastc Card ship? While we have made great progress, we will be delayed beyond our April 29, 2016 ship date. Based on our current development and production forecast our new shipping timeline is August-September 2016. If this changes, you will be informed immediately, whether the date is closer or farther away.

Before I share with you our progress and remaining challenges, I’d first like to thank you for your support throughout the past year while we’ve been developing and manufacturing this card. Our consumers are the inspiration behind this product and without your enthusiasm and continued support, we would have never made it this far.

Current Progress and Feature Updates:

As you know, Plastc is not a simple device. It’s a complex system that has to be “just right” – all of the time. As our competitors have learned from shipping their product before it was ready, “sort-of-working, some of the time,” is not okay. I refuse to ship you a product that does not consistently work. Along the way, we have solved many significant challenges and have made some decisions on what the final card and app feature set will have:

  • All components including the E-ink screen assembled and connected in form factor.
  • E-ink screen fired up and working with successful tap and swipe motions.
  • Production and supply chain is in place and we are manufacturing prototype cards.
  • Rewritable magnetic stripe is working. While we still have some testing to complete, our success rate with the re-writable magnetic stripe is very encouraging.
  • Plastc card has the hardware necessary to support EMV and NFC payments; however, partnerships are needed in order to be able to support the technology. These relationships may not be in place at launch. We are currently working on solidifying those relationships and will share updates as they become available.
  • Plastc card has the hardware necessary to support RFID; however, it will not be supported at launch.
  • The Wallet App is equipped to support barcode cards; however, barcodes will not be displayed on Plastc Card itself at launch.
  • Plastc Wallet will only support English language at launch.Plastc Card will ship with its own proprietary charger.
  • The Wallet App will not feature facial authentication, but instead use touch ID for supported iOS devices and fingerprint sensors for supported Android devices. A 4-digit pin will be required to access the Wallet App.
  • Prototype Plastc Card fully assembled in form factor.

Remaining Challenges:

Below are a few of our remaining challenges. None of them are showstoppers, but combined they have slowed our progress and have contributed to the delay in delivery.

  • FCC, CE, and ISO testing and approval is taking longer than we expected.
  • Android and iOS app development and backend engineering.
  • One of our merchant providers, Stripe, has chosen to hold our early pre-order funds.
  • Prototypes require lead times for our contract manufacturers and component vendors, and lead times can change on a daily basis. Our next and anticipated final prototype is slated to be completed in the next few weeks. This should provide a fully functioning card. Once we work through any remaining issues, we will be ready for full-scale production.

As I said above, none of our outstanding challenges are showstoppers. We are more confident than ever that we will solve any remaining issues and deliver you a groundbreaking product.

We have been blessed and humbled with each order that has come in. We truly appreciate your support, confidence and patience. However, it’s going to take time to ramp up our production process in order to deliver all of our pre-orders. If you wish to cancel your pre-order for a full refund before your order ships, please email [email protected] But I hope you stick around. Plastc Card is going to be an AWESOME product.

Thank you again for your support, honest feedback and patience. We are getting very close!Ryan Marquis CEO, Plastc, Inc.

Summary

Delays are nothing new. If you want to invest in new technology, prepare for delays, software bugs and potential disappointment. That said, production delays can also lead to a more refined product as is the case with Coin 2.0. I am remaining hopeful. Maybe they will, at a minimum, implement re-writeable NFC as Coin has done.