Want A Payment Card That Reprograms Its Own Mag Stripe? How About No Stripe At All?
StorefrontBacktalk blogs with lots of activity in the mobile payment and keyfob space, many have predicted the near-term demise of the rectangular plastic payment card. But at least two vendors are not giving up on wallet payment plastic without a fight. On September 15th a Pittsburgh-based vendor called Dynamics unveiled a battery-powered device in the shape of a credit card that is capable of mimicking multiple cards by reprogramming its own magnetic stripe on the fly when the user hits a button to change accounts. Instead of replacing all of the credit cards in a consumer’s wallet, this device would instead sharply reduce their number.
