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Dynamics partners SoftBank to launch battery-powered interactive cards

Dynamics has formed an alliance with SoftBank and SoftBank Commerce & Service (C&S) to launch interactive payment cards in Japan.

Furthermore, the new battery-powered cards will be integrated with mobile communication chips.

Dynamics portfolio includes a telecommunications card, called Wallet Card, which is embedded with a cell phone chip and antenna to enable data transfer with bank.

It comes with a battery and organic recharging chip for auto-recharge during normal operation. The Dynamics interactive card features programmable magnetic stripe, EMV chip and a contactless chip.

Furthermore, the card has a display and user interface to enable interchange between various cards.

In February this year, the company added two-way communication functionality to the card. This upgrade allowed cardholders to send information to their bank.

As part of the latest partnership, Dynamics will receive mobile connectivity support from SoftBank. Additionally, SoftBank C&S will offer support for service planning, marketing and sales expansion activities associated with the new card.

Dynamics CEO Jeffrey Mullen said: “This is only the first step. Through this technology we will continue to provide more products of value to Japanese consumers.

“With this collaboration, we are convinced that we can drive change and growth in the market environment and business environment in Japan through Dynamics’ technology.”

SoftBank head of global business strategy division Hidebumi Kitahara said: “We are very happy that we can co-create with Dynamics, a company that has advanced technology and a completely different credit card embedded with communication functions as one of the IoT businesses that SoftBank is promoting.

“We believe that the development of IoT technology will improve quality of life and we will help accelerate this movement.”

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