Japan's GMO Aozora Net Bank to introduce battery-powered debit cards
Dynamics Inc. and GMO Aozora Net Bank, Ltd. today announced plans to introduce the first battery-powered, interactive debit and cash cards to the Japanese market in 2019.
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The new card features unprecedented levels of security with a touch-sensitive keypad and digital display on the card. A consumer enters a pass code, known only to the consumer, into the keypad on the face of the card. The correct pass code turns the card ON so that it can be used in any swipe, tap, or insertion reader via a magnetic stripe, contact or contactless EMV chip. Entering the correct pass code also activates the card’s display to show the consumer's payment card number. The cardholder can select on the keypad whether or not a debit card or a cash card is to be used. In doing so, the card provides both debit and cash functionality on a single card.
This card works with the existing payment infrastructure and merchant systems (terminals and the like). Consumers may use the card wherever Visa is accepted.
Dynamics Inc. CEO Jeffrey Mullen announced, “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.”