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CES 2013: Interactive Credit Card Enables Instant Rewards

By Phil Lelyveld
January 10, 2013

Dynamics Inc. is showcasing a credit card “charge plus instant reward” solution that blends a multi-account credit card with a customer profile and purchase-tracking infrastructure. This enables Dynamics’ client companies to instantly offer personally relevant rewards to consumers when they make purchases. The battery-powered card allows users to securely choose from rewards using mechanized buttons on the card. Continue reading CES 2013: Interactive Credit Card Enables Instant Rewards

Get Ready to Tap Away: Google Wallet NFC App now Live in Limited Locations

By Rob Scott
September 21, 2011

Google’s long-awaited Wallet app, which works via near-field communication (NFC) technology, is now officially live in New York, San Francisco, Los Angeles, Chicago and Washington, DC.
The service allows users with a current Paypass-enabled Citi Mastercard to pay at retail stores (and any other businesses with a contactless payment — or “tap payment” terminal) simply by waving their NFC-enabled phone.
“In the app, users will be able to link their Citi card with Google Wallet,” explains TG Daily. “That is, when they go to a drug store or fast food restaurant, or take a cab, or anywhere else that has a contactless payment terminal, all users will need to do is open the app on their phone, tap it to the credit card terminal, and that’s it.”
While there are still many limitations — users must also have a Sprint Nexus S phone (for now) — this is the first step toward a mobile payment system for which Google has big plans.
“For those of you worried about security, Google tells us that your card information will be stored in a single place, on a chip,” reports The Next Web. “That means that it should be at least somewhat firewalled from unauthorized software access. However, there is another failsafe that limits new cards to $100 until the owner releases the limitation so that should help to quell any fears.”
Google explained in May that the system was ready for action at over 300,000 merchants, with another 120,000 possible. And additional credit card companies will be joining the effort soon. According to a Google blog post: “We appreciate Citi and MasterCard for being our launch partners. And today, Visa, Discover and American Express have made available their NFC specifications that could enable their cards to be added to future versions of Google Wallet.”