Skip to Content
Uncategorized

Never Lose Your Wallet

Your iPhone could help you find your wallet.
November 20, 2012

We’ve heard of the ways that the smartphone can supposedly replace our wallet, but that doesn’t seem to have happened yet. In the meantime, what if our smartphone could simply help prevent us from losing our actual wallet?

That’s what Wallet TrackR, from a company called Phone Halo, purports to offer. Here’s how it works. First, Wallet TrackR hooks you up with what it says is the “world’s thinnest Bluetooth device, about the size of a credit card.” You can probably already see where this is going. You slip that Bluetooth credit card thingy in with your wallet, and pair it with your iPhone (Wallet TrackR also has an app). If your wallet and iPhone become separated, the app records the GPS coordinates of where the phone or wallet was left.

There’s undoubtedly a market for this. Today I stepped on the subway in Brooklyn, as multiple people stepped off. As the train pulled away, one of the women on the platform moaned as though she’d just seen a loved one abducted. People turned to look at her in concern, as the train began to pull away. “I can’t find my wallet!!” the woman screamed.

Perhaps that was an overreaction, but the truth is that a lost wallet can mean not only the loss of cash and the risk of identity theft, but also the hours spent cancelling some cards, while renewing and replacing other ones.

It can also help you out with more banal, everyday forgetfulness. Sometimes you step out of the house without realizing you left your wallet–safely, but annoyingly–at home. “Never again will someone have to face the embarrassment of being out with friends or on a date and having to confess they forgot their wallet,” Phone Halo co-founder Christian Smith said in a press release. “What’s exciting here is that we are helping consumers to prevent loss or misplacement in the first place by alerting them before they have stepped away from a valuable item.”

The service is as much preventive as restorative, in a way.

Wallet TrackR isn’t on the market just yet; Phone Halo has set up a crowdfunding website to help tip the device into wider production. How do you know you can trust Wallet TrackR to actually get made? Phone Halo points to former success, including Cobra Tag, a 2011 device that could track your keys from a smartphone. These guys have expertise in digital lost-and-found.

Keep Reading

Most Popular

10 Breakthrough Technologies 2024

Every year, we look for promising technologies poised to have a real impact on the world. Here are the advances that we think matter most right now.

AI for everything: 10 Breakthrough Technologies 2024

Generative AI tools like ChatGPT reached mass adoption in record time, and reset the course of an entire industry.

Scientists are finding signals of long covid in blood. They could lead to new treatments.

Faults in a certain part of the immune system might be at the root of some long covid cases, new research suggests.

What’s next for AI in 2024

Our writers look at the four hot trends to watch out for this year

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.