MasterCard’s big interactive payments bet

first_img“We see a future where every device becomes a commerce device. This not only includes a shift in mobile-based payments, but also a move from ‘static’ plastic to ‘dynamic’ interactive payment cards and systems.”That’s MasterCard Group Exec, Global Credit and Debit Products Carlos Menendez commenting on the company’s recent investment in a dynamic card that, literally, powers payments at existing points of sale.MasterCard and Dynamics Inc., a company that designs and manufactures intelligent battery-powered payment devices and advanced payment platforms, are partnering in a commercial initiative to drive innovation in the interactive payment card market, according to a MasterCard release.The initiative follows the recent announcement of Dynamics’ Series C funding of $70 million, as a result of which its new investors MasterCard and CIBC joined existing backers Bain Capital Ventures and Adams Capital Management. Thanks to the partnership, MasterCard will now offer exclusive Dynamics products to its issuers worldwide. These products aim to provide consumers with added choice, flexibility and security at the point of sale. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more