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Citigroup set to trial multipurpose smartcard
11 Jan 2011

International financial services firm Citigroup is set to trial a new multi-purpose smartcard, it has been revealed.

The company has teamed up with credit card producer Dynamics Inc to launch the Thank You Prestige 2G Card – a credit card which allows users to choose whether to pay for goods with credit or loyalty points.

It runs on Dynamics' Card 2.0 technology and features two buttons - Regular Credit and Request Rewards - which light up upon selection.

Terry O'Neil, executive vice president of Citi's North America Credit Card division, expressed his praise for the new technology.

He said: "We're also excited that Citi is the first issuer to offer this award-winning technology that delivers greater choice and flexibility at the point-of-sale to our customers and reflects our continued investment in our cardmembers and the customer experience."

Dynamics' Card 2.0 technology was awarded the Best of Innovations Winner for Personal Electronics at the 2011 International Consumer Electronics Show.