The first bank to begin testing with the new card 2.0 will be the Citibank, it will in November, a new type of card that stores and links multiple accounts of savings and credit, and that includes security features unprecedented, and in mid 2011 plans to expand its entire user base.
In mid-September, Dynamics, the signature creator of the card, had stolen all the praise in the annual conference for entrepreneurs technological DEMO, held in San Francisco.
This card futuristic is different from its predecessors in every sense. Today, the cards more advanced have a chip, which can only handle banks. The Card 2.0 also includes a chip and a battery that lasts until 4 years, and includes buttons, and displays graphics. Even so, no ceases to be as flexible as a card normal.
Several banks are testing the technology of Dynamics, but Citibank them ahead with all your card 2G (second generation), which will enable them to their users to select between 2 buttons: one will enable them to make payments with ‘points of reward’ such as those offered some banks and supermarkets, and another will give them the option of paying with credit, as with any credit card normal. The cardholders may pay for the two ways in all establishments that accept the new card.
According to The New York Times, the engine microscopic is within the card revolutionize the technology of magnetic stripe that more than 1,800 Americans used since the 1950S. As interestingly, in Colombia, other countries in Latin America and Europe banks use more advanced technologies that the magnetic stripe, such as those that include a chip with high security, although not go as far as the Card 2.0.
While Citibank and other banks are bet to this revolutionary card, from already beginning to emerge skeptical voices, and not because they believe that must be maintained what today works, which is the usual arises when a revolutionary technology, but because they believe that the plastic, and have chips, buttons, and ‘special effects’, will be obsolete soon when reality technologies that converted the smart phones in virtual wallets.
How soon? It is not known, but if one takes into account the giants of credit cards, Visa and MasterCard, and the signature that has transformed several industries, including that of the smart phones, Apple, it will not be long.
As is, Jeff Mullen, president of the signature Dynamics, is convinced of the future of his invention. In an interview to The New York Times, said that the card 2G Citibank are hardly the first steps of a baby, and that “we are trying to be the arm of innovation in an industry that never had one”.
To appreciate how the Card 2.0, or 2G card as the flame Citibank, Mash able published in September a vide