Dynamics Wallet Card
At CES 2018, card manufacturer Dynamics Inc. launched Wallet Card, a new digital universal Visa-branded card product slated to debut later this year.
Wallet Card can hold debit, credit, prepaid, one-time use, loyalty, and other types of cards, and can be used at any terminal that accepts magnetic stripe, chip, or contactless payments. At the same time, Dynamics launched the Wallet Card consortium, a group with members including Visa, Mastercard, JCB, Emirates NBD, and CIBC. As you toggle through the stored cards, the Mag Stripe, EMV Chip, and the NFC wallet are all overwritten with the new data. Although Visa-branded, MasterCard also recently invested $70 million during the last round. Credit card, debit card and coupon in one? Dynamics Inc. unveils its smart Wallet Card Pittsburgh Post-Gazette Dynamics' Wallet Card could have niche appeal - Business Insider |
Questions
My questions so far:
1. How will be credit/debit/other cards added to the Wallet Card? 2. Can I have cards from different networks (MC, VISA, AMEX,...) mixed in Wallet Card? 3. No charging needed for product life, understood correct? |
Originally Posted by laco2000
(Post 29323588)
1. How will be credit/debit/other cards added to the Wallet Card?
2. Can I have cards from different networks (MC, VISA, AMEX,...) mixed in Wallet Card? 3. No charging needed for product life, understood correct? |
None of the previous attempts ever panned out, but maybe this one will defy the odds
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Originally Posted by Stoughton
(Post 29326253)
None of the previous attempts ever panned out, but maybe this one will defy the odds
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Originally Posted by Hbax
(Post 29325538)
Bank cards will be downloaded via the onboard cell chip. This also allows them to give you a whole new card on the spot if there is suspected fraud. The prepaid, one-time, and other cards would be added manually.
Still will be no good for stores that can see the name on terminal no matter what the card says. |
Obviously nobody knows, but if it will accept one-time-use cards, there has to be the ability for manual input. We'll see.
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Originally Posted by laco2000
(Post 29323588)
2. Can I have cards from different networks (MC, VISA, AMEX,...) mixed in Wallet Card?
In any event, I signed up for updates. I'd still be hesitant to spend $50+ until it's been out a while though. |
Originally Posted by Hbax
(Post 29325538)
They have some proprietary method of self-recharging. No charging by the consumer required.
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Originally Posted by inY
(Post 29345463)
Self-recharging?! Unless it's mooching power from terminals, but there isn't much contact time.
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