Dynamics Inc. will use innovative technology that will replace the traditional credit and debit cards in order to bring greater security to consumers.
Dynamics Inc. has introduced the first and only functional interactive payment card to the market. This new innovative card will have a computer inside and buttons displays and LED on its face.
This new innovation will be demonstrated at the CES 2015 next week in Las Vegas. Visitors at the CES can go to the booth and see the live demonstration which will enable the visitors to choose transaction options with the touch of a button as an alternative to traditional payment cards.
This breakthrough innovation by Dynamics Inc. will enable issuers to provide consumers greater card functionality which will include the ability to select applications that are stored directly on the card itself with the assurance that the card is compatible with the existing POS terminals.
Applications include greater security as now the consumers will be able to unlock their account numbers for each purchase with special codes which will help in preventing use after theft.
Greater convenience for consumers as they will now be able to carry both debit and credit accounts on the same card. So the need to carry too many cards has been taken care of.
Moreover greater control for the consumers is also provided as they can now carry both loyalty and credit accounts on the same card and make purchases with their cash or loyalty rewards.
Jeff Mullen is the chief executive officer of Dynamics. He is an inventor of more than 150 pending and issued patents which range from mainstream consumer electronics for Apple, Inc., to children’s electronic toys.
Jeff explained how he designed the first working interactive payment card. He also revealed its current market applications. He also explained that the consumer method of using credit and other payment crards is going to have a radical change. He also said that the company’s partnership with Master Card will aid in creating a global activity of interactive payment cards.
According to the 2013 Federal Reserve Payments Study there were 86 billion card transactions which were conducted in the United States alone in 2012. This clearly demonstrates that card usage is still a premier payment method among consumers. Dynamics has provided the security and convenience to ease and simplify consumer’s lives.
Do not miss the chance to see the live demonstration of this new innovative card at booth 74367 at the CES 2015. The CES 2015 will be held in Las Vegas from the 6th of January and will end on the 9th of January.
The CES 2015 will host more than 3500 exhibitors which will showcase their new products and innovations. The CES is owned and controlled by the Consumer Electronics Association (CEA). So all those who want to see what technology will be released in the next year should visit the CES 2015 in Las Vegas next week.
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