Technology has taken over the world and payment systems have integrated technology into there platforms thus increasing customer base and maximizing on security of users.
Many people have invested a lot of money in setting up financial institutions to provide financing to people. Initially we had credit cards but things have evolved and recently we have the launch of Magnesis card.
According to Crunchbase, Billy McFarland the card was launched in New York City to help the resident assess many services while minimizing risk.
The card remains to be used in New York City only before being rolled out to other parts of the cities. It has many benefits to the user which includes, annual subscription fee of $250 to members through the website, social life perk for members and it’s backed by smart people.
For instance on the social life perk, members-only are able to access many services ranging from personalized dinners, access to fist-class hotels, personalized drivers and access to neighborhood clubs.
According to the founder and chief executive officer Billy, the Magnises only membership card has over 20 sharing capabilities that continued to connect many people across New York City. The card has a magnetic strip that allows it to copy information from the normal credit card and can be used later as a payment card.
As such, Magnises has a membership of over 10,000 in New York and Washington D.C. since its formation, the Magnises card has raised over $3million from sales, referrals and investment from people who have seen potential in the card.
The formation of the famous black card was to incorporate culture, fashion and technology. As a member, there are many benefits that accompany owning the card. This vary depending on the place and membership status accorded the member.
For instance you can access state of the art sports facilities, attending dinner parties and going to theatre shows. This has also been termed as the future of technological advancement.