, a provider of next-generation payment cards, has announced that it has closed an initial $5.7 million Series A round of financing led by Adams Capital Management. Joel Adams, founder and general partner of Adams Capital Management, is joining the Dynamics Inc. board of directors.
Dynamics produces "a paper-thin, flexible computer platform that can be utilized in a variety of applications such as next-generation payment cards. Dynamics has invented the world's first fully programmable magnetic stripe that can be read at any existing Point-of-Sale (POS) magnetic stripe reader. The card 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 re-education of its merchant base."
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