Dyanmics & Sprint Announces Their Own Take On An All In One Credit Card

Dynamics & Sprint showed off the Dyanmics Wallet Card at CES. This card is their take on an all in one card, the idea being that you can load multiple credit cards into a single card for convenience. These types of all in one cards aren’t new, in fact they were all the rage in 2015 when it seemed a new one was popping up every other week (e.g Stratos, Plastc, Wallby, Swyp, Final). The problem was that none of these were really EMV compatible and in the end they didn’t actually launch or were a failure upon arrive.

In the above image the two arrows going in opposite directs are used to switch between cards. The credit card number/network logo is actually a 65,000 pixel display that can display the card number and also be used to send out alerts.

Features

• Can store multiple cards in one. You can store debit, credit, pre-paid multi-currency, one-time use or loyalty cards on a single card. There is an on screen display and you can also switch between the cards/accounts.
• Can be instantly issued. Financial institutions or retailers can instantly issue these cards to consumers and can be activated immediately.
• Alerts and messages. There is a 65,000 pixel display. This can display account information (e.g remaining funds or credit limits).
• Self charging battery. Card charges itself through normal operation (e.g making a payment).
• Data breach response management. If a card is compromised or a data breach occurs the issuing bank can delete the compromised card account and replace it immediately with a new card and account number.

Final Thoughts

Dynamics has partnered with Visa, Mastercard & JCB and raised $110 million dollars (last round was $70 million lead by Mastercard) for this product. I’ll remain skeptical until I see the product being used in a real world situation, based on what I’ve seen it looks to work as advertised. That being said I think this product is several years late to the game, I don’t see this as a better solution than mobile wallets but traditional payment networks are desperate to get a piece of that pie and it looks like this is their solution (or at least one attempt at it).