By MyBankTracker  Posted on Thu Sep 13, 2012

Dynamics Introduces Card Capable of Swipe, EMV, Contactless Payments

Dynamics unveiled triple-interface card technology, which can be used for swipe, EMV (Europay MasterCard Visa) and contactless payments, at Finovate, a financial-technology conference.

The technology equips consumers with various ways of paying with their cards, so they can make purchases at a majority of payment terminals worldwide. By using cards with multiple payment compatibilities, it reduces the burden for merchants to adopt systems that will accept these types of payments.

Dynamics is also the company that created the card technology that allows cardholders to select (right on the card) whether they want their purchases to be funded with credit or rewards. These cards are being tested by Citibank.

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