This post is part of our live coverage of FinovateEurope 2014.
Second up at this session, Dynamics launched its new hardware and software technology, Open Loop and Closed Loop:
Its new technology eradicates credit interchange for merchants while increasing interchange revenue for FIs. End customers can earn rewards by making regular purchases. Can run network and non-network contactless payments.
The new cards have increased security by embedding the EMV chips into the card.
Presenting Jeff Mullen (CEO) and George Schmelzel (Chief Payments Officer)
Product Launch: February 2014
HQ: Pittsburgh, PA, USA
Founded: November 2007
Website: dynamicsinc.com
Twitter: @dynamicsinc