Matsushita Electric Industrial Co. on Friday unveiled a new SD Memory Card that doubles as a smart card, allowing consumers to use the product as a wallet or a train ticket, as well as to store music and pictures.

With the smartSD Card to be released next fall, the consumer electronics giant is going head-to-head with Sony Corp., which has already launched the FeliCa smart card and the flash memory Memory Stick.

The smartSD Card can be used to store music, pictures and other digital data as flash memory.