Dynamics’ battery-powered cards hit Japan
Payment technology company Dynamics has introduced its battery-powered, interactive debit and cash cards to the Japanese market. The move comes via a partnership with GMO Aozora Net Bank in Tokyo, reports Julie Muhn at Finovate.
♫ Life can be cool in Tokyo ♫
Offering the Dynamics card, which features a touch keypad and digital display, will help GMO Aozora Net Bank’s technology-first reputation.
The keypad and digital display work together to secure the card by requiring the user to enter a passcode to activate the card for use.
If the passcode is correct, the card number appears in the display screen on the card.
Using the keypad, the user selects whether they want the card to act as a debit or cash card.
Once it is activated, they can swipe, tap, use the mag stripe, or contact/contactless EMV chip to make a payment at a traditional payment terminal; no special infrastructure is required.
Headquartered in Pennsylvania, Dynamics maintains APAC headquarters in Singapore, LATAM headquarters in Brazil, and EMEA headquarters in New York.
The company is partnered with financial institutions in Europe, the US, and Asia for card distribution. Dynamics also maintains a processing partnership with an unnamed Canadian financial institution, and a mobile payment partnership with an unnamed mobile handset carrier in Korea.
