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These are the Amazing Credit Cards of the Future

By , Jane McEntegart - Source: Tom's Guide US | B 45 comments

This is way better than the regular pieces of plastic we use.

Credits cards have been the same old credit cards for decades. Sure, there are secure codes on the back that are required for online transactions, and Visa and Mastercard may also offer an extra layer of protection through a secondary password when checking out online.

In real life transactions, countries outside of the U.S. are not going by that magnetic strip and signature anymore. Rather they are relying on a chip that can't be as easily spoofed and a PIN system that's easier to keep secret than your John Hancock.

All of these are great evolutionary steps in credit card technology, but nothing quite holds a candle to the way Dynamics Inc. has used technology to make credit cards much more than just pieces of magnetic plastic.

Check out the demo given to us by Jeffrey Mullen, CEO of Dynamics Inc., at a recent event. Some of you may have these cards already in your possession if you're a Citibank client, but for the rest of us, we can't wait to get something like this in our wallets.

Credit Cards of the future

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Top Comments
  • 26 Hide
    hexacanon , November 15, 2010 3:27 AM
    k-zonOk, within then even on that ideaology, Say having the credit needing to have to go online to check balances and transfer funds wouldnt be needed sometimes. You could high tech so to say having to go back to the bank for some needs balancing and money transfers. But still probably isnt quite there yet, but one those lines of thoughts though, given the simplicty of managing the use of two accounts into one card, and the security set of another to ensure proper transaction of funds not online and the use to use your rewards point as needed when having your credit card ready at hand in location. Online is still useful for balancing of account and a credited banking ???And indeed Super Awesome.



    argh .. my eyes .. .so much pain i cannot read !!!
  • 20 Hide
    BoxBabaX , November 15, 2010 2:49 AM
    WOW. That is super awesome :) 
  • 16 Hide
    _Cubase_ , November 15, 2010 3:03 AM
    That makes it so much easier for me when paying:

    *press*
    Maxed.
    *press*
    Maxed.
    *press*
    Approved!

    ...awesome!
Other Comments
  • 20 Hide
    BoxBabaX , November 15, 2010 2:49 AM
    WOW. That is super awesome :) 
  • 16 Hide
    _Cubase_ , November 15, 2010 3:03 AM
    That makes it so much easier for me when paying:

    *press*
    Maxed.
    *press*
    Maxed.
    *press*
    Approved!

    ...awesome!
  • 5 Hide
    kriswitak , November 15, 2010 3:07 AM
    Yeah, this is actually very nice. I recently misplaced my card (ended up falling out of my wallet) and I was worried about fraud. It was a pain to call up the bank and cancel that card and wait for a new one to come in the mail. This would be super nice being able to rest assured that no one can get any of your info off of the card. I hope more banks just on board with this and get this wonderful technology out there.
  • -7 Hide
    Anonymous , November 15, 2010 3:18 AM
    That is one hell of a huge man!

  • 3 Hide
    requiemsallure , November 15, 2010 3:25 AM
    thats some shit!!!! when can i get one of these?
  • 26 Hide
    hexacanon , November 15, 2010 3:27 AM
    k-zonOk, within then even on that ideaology, Say having the credit needing to have to go online to check balances and transfer funds wouldnt be needed sometimes. You could high tech so to say having to go back to the bank for some needs balancing and money transfers. But still probably isnt quite there yet, but one those lines of thoughts though, given the simplicty of managing the use of two accounts into one card, and the security set of another to ensure proper transaction of funds not online and the use to use your rewards point as needed when having your credit card ready at hand in location. Online is still useful for balancing of account and a credited banking ???And indeed Super Awesome.



    argh .. my eyes .. .so much pain i cannot read !!!
  • 5 Hide
    brando56894 , November 15, 2010 3:29 AM
    Pretty cool idea, I'm assuming with that "dual card" feature you could combine a credit card and a debit card from the same bank, but that could get dangerous lol
  • 12 Hide
    lukeiamyourfather , November 15, 2010 3:58 AM
    Don't lose your card, probably be $50 to replace it. Also I give it one week after release before someone hacks them.
  • 5 Hide
    killbits , November 15, 2010 4:08 AM
    wow that password protected card with the hidden numbers is effing amazing!!!!
  • 3 Hide
    Anonymous , November 15, 2010 4:26 AM
    If you just require a pin number for all transactions, as opposed to just debit card transactions, you wouldn't need all of that technology. In fact, you could use the same old cards with the existing readers.
  • 4 Hide
    SchizoFrog , November 15, 2010 4:47 AM
    I don't know about in the US but in the UK we haven't used magnetic stripes for several years, rather all our systems now use the Chip and PIN system and the new cards (Barclaycard for example) use a contactless technology. But I am sure they could intergrate this new tech for that, I'm just not sure why they didn't already.

    http://www.barclaycard.co.uk/personal-home/contactless/
  • -4 Hide
    seboj , November 15, 2010 5:15 AM
    Hope the battery doesn't run out lol.

    Or some random walk-through scanner doesn't ruin the card.

    Or some hacker figures out some clever way to jack the card.

    Or some other random thing that no one has thought of yet..

    Seems like great tech now, but only time will tell how they actually hold up to real life.
  • 2 Hide
    winner4455 , November 15, 2010 5:47 AM
    It's cool how the simplest things can have a very modern twist on them...
  • 4 Hide
    zarrensanders , November 15, 2010 6:23 AM
    NO NO NO...Why not just put a little square on one corner of the card so that when you press it it activates a thumb print scanner and then activates the card for 5 seconds or so, so it can be used..At the same time displaying a special number code that would be required for online transactions in adition to your card number,experation date and pin.That number would of course change for each use.Thus compleatley eliminating anyone other than yourself from using the card.Finger print inprinted into card when made at bank.
  • -1 Hide
    Gulli , November 15, 2010 6:35 AM
    "Credit cards of the future"? That's a contradictio in terminis, America may be lagging behind but the rest of the world switched to debit cards decades ago. I can't believe anyone would trust a random waiter, hotel clerk or website with their credit card number and I can't believe anyone would be stupid enough to use a method of payment that spends money you don't really have.

    Just put a PIN-number on it and it'll be a million times safer.
  • -3 Hide
    mitch074 , November 15, 2010 8:20 AM
    what I find most amusing is that most of the improvements described come to 'rewrite the magnetic stripe' and 'rewrite the numbers' - and if you have accounts in different banks, you'll still need a different card for each of these.

    The fact that you can now 'concentrate' several accounts on a single card is great, but it would be made useless if the card itself was secure enough to manage all your operation through a single identifier.

    As an example of that, currently in Europe, with a single SIM card, you can:
    - use it as a phone card in a phone booth,
    - use it as a limited amount wallet: no online validation needed, the card itself stores a small amount you can debit from,
    - use it to manage all your accounts from one of your bank's booth.
    The only limitation, again, is that you need one card per bank.

    The main use I'd see for one of these improvements is if you had several debit accounts: say, a personal one, a shared one, and a professional one, all at the same bank.

    For the battery matter, considering the SIM is powered on by the reader, which still has to cater to older models, said reader should send enough juice for the card's accumulators to charge.
  • 4 Hide
    g00ey , November 15, 2010 8:36 AM
    I have so many plastic cards in my wallet it would be nice if the bank offered a service that allowed one to fit all these cards into one.
  • -3 Hide
    dillyflump , November 15, 2010 10:07 AM
    Hmmm if im correct silicon chips are not very flexible. Put one of these in your wallet and sit down it's a gonna. Plus if you were to get mugged, criminals wouldn't just steal your card or bag, they'd now take you aswell and probably beat the shit out of ou until you told them the lock sequence.
  • 0 Hide
    reggieray , November 15, 2010 11:07 AM
    Did I miss it but what stops it from being accidentally turned on in your wallet all the time and running the battery down. I would like to see how the battery is put in it. Would not a capacitor be better, easily recharged.
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