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Storage is certainly a problem, but Nintendo already promised a solution for that.

The rest of it is just ignorance. Mario is the progress bar. Storing credit card numbers on a video game system is a BAAAAAD idea. I'm sure Nintendo would just love to be sued by a thousand parents who weren't aware their credit card was stored after their kid went to town and bought 30 VC and WW games.

All it asks is the number, exp. date, and security code. You should have those memorized anyway.