Geode iPhone Appcessory
By: iCache Inc.
Pledged: $352,918 of $50,000 goal
Industry: Product design
Funded: April 21, 2012
The $200 Geode is an iPhone accessory and program that is meant to replace your wallet. The program stores loyalty, membership, and credit card information so that they don’t need to be carried around. It requires a fingerprint match to be used, and when needed to cash something out, the user can take out a GeoCard from the case on the back of the phone that will temporarily be programmed with the credit or debit card data and then swiped at any retailer. It also has a barcode display on the back for any loyalty or membership cards that require a scan.
iCashe started out in Cambridge in 2007 but even though it still has employees in the area, it has since moved its headquarters down to South Carolina. It was also recognized at the non-rofit CTIA Wireless Association emerging technology awards in May. The product was given first place for both mobile commerce shopping and rewards, as well as for mobile consumer electronics assessors.
Although the campaign was a success from the company’s perspective, more than 1,700 customers expressed outrage on the company’s page because they either did not receive the product at all or reported that it was defective and nothing was done about it. Kirsner wrote a story in December about this and other failed projects on Kickstarter.