Yesterday, Dynamics announced multiple volume agreements with undisclosed card issuers to implement its next generation payment-cards technology such as:
- MultiAccount
- Hidden
- Redemption
- Dynamic Credit Card
Dynamics CEO Jeff Mullen states:
“This step is an important milestone for Dynamics. Card issuers have acknowledged the importance of our technology to empower customers with choice at the point of sale. Dynamics is very pleased with the growing roster of leading issuers that have endorsed and adopted our next-generation magnetic stripe technology.”
Initial orders have already exceeded 1 million units. To meet this demand, production will begin immediately and scale through 2012.
To learn more about Dynamics, watch its FinovateFall 2010 demo.