Dynamics Inc. Wallet Card Wins Fintech Breakthrough Innovation Award

15 May

Dynamics Inc., an innovator in next-generation payment systems, has announced that the Dynamics Wallet Card™ has been selected as winner of the “Innovation Award for Financial Transaction Security” from FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market today.

Since its introduction in January 2018, Wallet Card has won many prestigious industry awards. It was awarded four Innovation awards including the Best of Innovation Award for Security Technologies, and was an Honoree for Computers, Embedded Technologies, and Technologies for a Better World at CES 2018. At Mobile World Congress, Wallet Card was nominated for “Best Mobile Service for the Connected Life,” “Best Mobile Innovation for Commerce,” and “Best Mobile Innovation for Enterprise”. It was the only product to be a nominee in three categories.

“The Wallet Card demonstrates the spirit of innovation and ingenuity that we seek to highlight through our awards platform,” said James Johnson, Managing Director, FinTech Breakthrough. “With its connected capabilities, such as quick data breach response and replacement, we recognize Wallet Card for its breakthrough technology in financial transaction security and beyond. We are thrilled to recognize Dynamics Inc. and Wallet Card with this well-deserved industry recognition.”

The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2018 FinTech Breakthrough Award program attracted more than 3,000 nominations from across the globe. Other winners of FinTech Breakthrough Awards include Mastercard, Klarna, JP Morgan Chase, PayPal, and TD Ameritrade.

“Dynamics Wallet Card redefines the way consumers and financial institutions interact. This award is a testament to the work our team and constituents put into creating the world’s first interactive, connected payment card,” said Jeffrey Mullen, CEO of Dynamics Inc. “It improves the security of everyday payments, simplifies the cardholder journey and allows consumers and financial institutions to meaningfully interact with one another in new ways.”

Launched at CES 2018, Wallet Card is the world’s first connected, secure IoT payment card that can remotely download card information. This new card with electronics features unprecedented levels of security and functionality and still works with the existing payment infrastructure and merchant systems. Leading financial institutions, processors and technology companies have come together to form the Wallet Card consortium, helping to make the card a reality and drive adoption worldwide.

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