If you’re anything like me, there’s a stack of credit cards bulking up the size of your wallet (or purse), making it fit to burst in a Costanza-like explosion of receipts and unused condoms. New technology from Pittsburgh, Pennsylvania startup Dynamics Inc. could help cut the number of cards cluttering up your wallet by allowing you to access multiple credit card accounts on a single card. To enhance security, the technology also allows the credit card number that appears on the front of a card to be hidden until the correct code is entered.
The technology, which Dynamics Inc. has dubbed Card 2.0, includes the world’s first fully card-programmable ‘Electronic Stripe’ in place of the traditional magnetic stripe. While the Electronic Stripe can be read at any existing point-of-sale (POS) magnetic stripe reader, it also allows any bit of information stored on the programmable stripe to be changed at any time using the card itself. The device is as thin, flexible and durable as current credit cards and will last over three years on a single battery charge.
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