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Talk about a big idea and innovative product that this entrepreneur started!

Anthony & James Tiscione are the father/son inventors behind the ACM Wallet - a specially designed wallet that allows you to protect & select up to 12 of your favorite credit, ID and membership cards at the push of a button.

The idea for the ACM Wallet came to James while he was returning home from the supermarket. Up until then, James carried his credit cards wrapped in cash and held together with a rubber band. This often resulted in demagnetized credit cards and torn cash. James felt there had to be a better way - and with the help of his father, he created a prototype of his idea.

To date, the ACM Wallet has generated $5.5 million in sales…making it our pick for the MILLION DOLLAR IDEA OF THE WEEK.

CNBC