Thursday, December 2, 2010

A Credit Card for the 21st Century - - 01 Dec 2010

What if that magnetic stripe on your credit card could get a lot smarter? That’s the idea behind Dynamics’ Card 2.0, a paper-thin, flexible computer platform that can be utilized in a variety of applications such as next-generation payment cards. Card 2.0 features a magnetic strip that can be reporogrammed on the fly; it can be read by any existing magnetic stripe reader, so merchants don’t need to bring in new hardware or learn a new process.

According to the company one of the greatest benefits is Dynamics’ anti-skimming device, called the Dynamic Credit Card. It helps to protect consumers and merchants against this threat by automatically writing a new, unique dynamic security code onto its magnetic stripe for every in-store purchase. (Grabbing your credit card number from a receipt and abusing it is no longer an option for bad guys.) The card can even have a display that shows a new security code for every online purchase.

By Robin Raskin

1 comment:

Credit Card Processing said...

We all are aware of the fact that technology is really creeping high. A lot of new services are being invented these days. One of such high tech services is credit card processing. Well, these are of utmost importance for every one. They really help you a lot. These cards allow you to purchase products and services even when you are low on cash.