The Wallet Card, Dynamics’ first IoT-powered card, will leverage Sprint’s network for wireless data transfers. The card, which is around the same size and shape as a normal credit card, contains almost 200 internal components. Users can access debit, credit, pre-paid, multi-currency, one-time use, and loyalty cards from a single card.
Sprint, which is powering the IoT technology behind the card, is helping Dynamics differentiate this card from the company’s previous offerings. Specifically, the new Wallet Card contains:
- Cell phone chip and cell phone antenna for data transfer
- Battery and recharging chip– the card charges itself through normal operation.
- Re-writable magnetic stripe, EMV chip, and contactless chip that allows users to download new card information to the card.
- 65,000 pixel display and UI that enables cardholders to select different cards and informational screens.
With these new capabilities, card issuers can immediately rescind compromised card numbers and re-issue a new card number in real time.
The Wallet Card, which was debuted at the CES tradeshow in Las Vegas, received four CES Innovation awards, including the Best of Innovation Award for Security Technologies. It was an honoree for Computers, Embedded Technologies and Technologies for a Better World. “This is just the beginning,” said Jeff Mullen, CEO of Dynamics,”Wallet Card is poised to redefine the way consumers and businesses think of credit cards and enable a close, more secure connection.”
Jan Geldmacher, president of Sprint Business said that the Wallet Card is an example of “how important converged networks and advanced integrated technology will be for the lives of everyday people across the globe.”
Founded in 2007, Dynamics most recently presented at FinovateFall 2017. The company, which has raised over $110 million in funding from investors including Mastercard, CIBC, Adams Capital Management, and Bain Capital Ventures, is headquartered in Pittsburgh, Pennsylvania, with office locations in Singapore, Sao Paulo, and New York.