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