31 Jan '14, 5am

A handbag that tracks spending

A handbag that tracks spending

The iBag is designed to be a stylish way of keeping shopaholics in check. It looks like a normal handbag and, to an extent, it is. However it is a handbag with radio sensor, a GPS tracker and even the ability to trigger a physical lockdown, preventing its owner from being able to open it, if need be. Created by creditcardfinder.com.au, an Australian credit card comparison service, the motivation for launching the iBag is to help people rein in their unnecessary spending and in particular, keep them from accessing their credit cards when they are at "their most vulnerable." It uses an RFID tag which tracks and counts every time the purse or wallet is being removed and replaced in the bag and it also uses GPS technology to know when the bag and its owner are in dangerous locations - say for example a shopping mall the week before payday. If the data the bag is gathering rais...

Full article: http://www.fz.com/content/handbag-tracks-spending

Tweets

Meet the handbag that stops you spending

Meet the handbag that stops you spending

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