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Re:Plastc Card by adamnemecek on Tuesday October 07, 2014 @03:05PM (#8423254)
It appears that your data is stored on your phone. So I think that the sentence "Completely wipe your card data from your phone." doesn't mean that you will remotely delete data from your lost card using your phone but delete data from your lost phone using some other device. But yeah, it is very ambiguous.
Re:Plastc Card by throwaway234 on Tuesday October 07, 2014 @03:33PM (#8423439)
From reading the front page and only blog post, I gathered it is paired with bluetooth to your phone, and you set a timeout before self-destruct.

So if you set an hour, if your card hasn't been paired with your phone in over an hour it can erase itself. The phone probably rewrites the data as soon as it identifies the card again and the pin is entered.