The LoopWallet app acts as a repository for your credit and loyalty cards. When you’re ready to make a payment, you queue up the card you want to use, type in your PIN and then hold your Loop attachment over the retailer’s magstripe reader. Loop’s device then generates a tiny magnetic field that mimics the magnetic strip found on your plastic cards.
Currently, Loop offers a Loop Fob keychain attachment that plugs into your phone’s audio jack to sync card data. The company is gearing up to release its ChargeCase, a case for the iPhone 5 and iPhone 5s that includes an external battery and Loop’s proprietary magnetic technology.
➤ LoopWallet for Android