Financial services provider Dynamics has partnered with GMO Aozora Net Bank, a technology bank, to launch interactive debit and cash cards in Japan next year.
The battery-powered cards will offer enhanced security via a touch-sensitive keypad and digital display on the card. Cardholders need to enter a pass code into the keypad present on the front of the product.
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Upon entry of correct pass code, the card will be turned ON and can be used for swipe, tap or insertion into reader through a magnetic stripe, contact or contactless EMV chip.
The pass code activates the card’s display that will show the payment card number.
Consumers will also be able to utilise the keypad for choosing to use their card as a debit or cash product. This feature enables both debit and cash functionality on a single card.
The new interactive cards are compatible with the existing payment infrastructure and merchant systems. They can be used wherever Visa is accepted.
Dynamics CEO Jeffrey Mullen said: “We are very pleased to work with GMO Aozora Net Bank on delivering such a revolutionary payment experience to the Japanese market.
“Through this new card, we shall provide new convenience and security to the Japanese consumer, and together with GMO Aozora Net Bank we will deliver further value into the future.”
