Dynamics, a payment cards provider, has
completed multiple volume agreements with card issuers in the US
for over one million units.
The agreements are in order to unveil its
next-generation magnetic stripe products within the US.
Go deeper with GlobalData
Jeff Mullen, CEO of Dynamics said:
“Dynamics is very pleased with the growing
roster of leading issuers that have endorsed and adopted our
next-generation magnetic stripe technology.”
Volume production will begin immediately in
2012.
Dynamics has introduced a series of new
products utilizing the first programmable magnetic strip including
MultiAccount which allows users to select an account by pressing a
button on the face of the card.
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By GlobalDataHidden is another new product that has five
buttons on the face of a card and a paper thin display that hides a
portion of a cardholder’s payment card number.
The company also introduced Redemption, a
device that gives the option to choose points or credit at the POS
by pressing the appropriate button.
