MasterCard and Dynamics have announced a joint commercial initiative to develop expanded suite of secure and feature-rich payment card solutions.
The partnership allows MasterCard to offer exclusive Dynamics products to its issuers globally, providing consumers with added choice, flexibility and security at the point of sale.
Dynamics technology and manufacturing capabilities produce payment cards that allow issuers to differentiate their card products and to provide better payment functionality to their cardholders.
The technologies will allow issuers to offer multiple consumer features and functions in one card. This includes cards that offer consumers multiple selectable currencies, access to both debit and credit accounts, and cards with a co-brand that offer credit or debit in conjunction with a separate loyalty application.
Dynamics next-generation interactive payment cards come with features such as buttons, displays and LEDs.
Jeff Mullen, CEO of Dynamics, said: "Interactive payment cards give cardholders an unprecedented level of customization, control, and security at each and every purchase at any point-of-sale device in the world.
"With interactive payment cards, banks can expand card offerings by providing cardholders with several additional on-card payment options that cardholders can select at each purchase.
"By giving consumers easy access to additional options, banks can enable several business models on a single card while building brand and an enhanced cardholder relationship with each purchase."