Dynamics Adds Another Option for Its High-Tech Cards


Dynamics Inc., a provider of payment cards that can dynamically rewrite their magnetic stripes or smart chips, unveiled another variant of its design this week.

Dynamics' latest card combines the rewritable stripe and chip with rewritable contactless payments. It calls the combined technology its Triple Interface card. This card allows users to access different payment accounts from the same card by rewriting the stripe and chip with new card data. The technology can also be used for security purposes, such as by removing account data from the card or chip when it is not in use.

"Competing payments standards continue to frustrate merchants and consumers, while offering little value to the networks and card issuers," Jeff Mullen, Dynamics' CEO, said in a press release Sept. 12. "With today's release, Dynamics has achieved its goal of becoming technology agnostic. A Triple Interface device can be used in any terminal in any country to make any purchase. A consumer can now enjoy unprecedented payment options — at the push of a button — using any core payments medium."

Dynamics introduced the rewritable chip, which adheres to the EMV standard that the card networks are urging most U.S. merchants to accept by late 2015, last year as its Chip and Choice product.



'We Don't Want to Wage this Proxy Contest in the Gutter': Week's Best Quotes

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The FinTech 100

FIS and Tata once again top the annual FinTech 100 list of vendors, ranked by revenue; IBM and Hewlett-Packard lead the pack of tech companies serving multiple industries; and Bionym and Silver Tail are among the 10 Tech Companies to Watch.

A Newsletter featuring Bank Technology News' top stories plus special reports and data

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.