Dynamics Unveils the Wallet Card, First 'Connected Card' at CES

Galtero Lara
Enero 9, 2018

EXCLUSIVE-Card company Dynamics Inc. revealed its Wallet Card, described by the company as the "world's first" connected payment card, at the CES conference now taking place in Las Vegas, the company announced today.

The card is the same size and shape as a normal credit card, but it has nearly 200 internal parts including a cellphone chip and antenna, a battery and organic recharging chip for self-charging, a programmable magnetic strip, EMV chip, and contactless chip. Since the Wallet Card is a digital card, banks can distribute the card anywhere at any time, and users can activate it at once.

This edition of CES is certainly the most interesting one in the last few years, and Sprint's connected credit card is here to prove it. Card profiles can be downloaded onto the card, and the card's magnetic strip, EMV, and contactless chip can be programmed with the new data. In the same vein, the card can be replaced by a courier within hours.

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The coolest part - you are getting transaction messages right on the card, and can tap on the "not me" option if you have any suspicions. If your card number is canceled due to fraud, your card issuer can simply change the account number, and it will instantly be reflected on the e-ink display. Usually, banks react pretty quickly to data breaches, so it's unclear exactly how much faster Sprint's card would be.

The card, which was developed in tandem with global banks and payment providers such as Visa and Mastercard, relies on Internet of Things technology, the first of its kind issued by Dynamics.

Although the card was announced today, it's up to the partnered banks - Emirates NBD, Japan's Sumitomo, Canada's CIBC, and India's IndusInd - when the card will actually become commercially available.

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