Dynamics, an innovator in next-generation payment devices, received the coveted DEMOgod and $1M Peopleâs Choice Awards at this yearâs DEMO Fall 2010, the technology launchpad conference co-produced by VentureBeat and IDG.
âThis is just the beginning. We will continue to deliver innovative and exciting functionality to the consumer.â
âIt was no surprise to me that Dynamics swept the People’s Choice Award and won the DEMOgod title. What they brought to the DEMO audience this year is game-changing and has raised the bar for all future innovators,â said Matt Marshall, producer of DEMO and editor-in-chief and founder of VentureBeat.
âWeâre humbled to carry the title DEMOgod and excited at the personal connection our technology made with the 800 plus attendees that decided the $1 million Peopleâs Choice Award from a field of 70 companies,â said Jeff Mullen, CEO and founder of Dynamics. âThis is just the beginning. We will continue to deliver innovative and exciting functionality to the consumer.â
The DEMOgod title was given by DEMOâs producer and the conference team. The $1M Peopleâs Choice Award winner was selected by DEMO attendees.
About Dynamics Card 2.0â¢
Dynamics Card 2.0â¢ is a paper-thin, flexible computing platform in a payment card form factor. The device includes the Electronic Stripeâ¢ — the worldâs first fully card-programmable magnetic stripe that can be read at any existing point-of-sale (POS) magnetic stripe reader. The device itself can change any bit of information on this programmable stripe at any given time. The technology does not require any change to the 60 million 1970s-era magnetic stripe readers or reeducation of its merchant base. The device is designed to be as thin, flexible, and durable as a traditional payment card and last over three years on a single battery charge.
Countless applications can be realized with the Card 2.0â¢ platform technology. The two that were showcased onstage at DEMO were MultiAccountâ¢ and Hiddenâ¢.
About Dynamics Inc.
Dynamics Inc. was founded and seeded in 2007 by Jeff Mullen, its CEO. Dynamics produces and manufactures intelligent powered cards such as advanced payment cards. Focused on introducing fastâcycle innovation to top card issuers, the companyâs first commercial application is the worldâs first fully card-programmable magnetic stripe for use in nextâgeneration payment cards â the Electronic Stripeâ¢. The company has won many of the worldâs most prestigious international business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis Venture Competition and the University of San Francisco Business Plan Competition. Dynamics is backed by Adams Capital Management and is headquartered in Pittsburgh, Pa. with offices in Silicon Valley and New York City. More information can be found at www.poweredcards.com.