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Article: Dynamics's Success Highlights Business Incubation Process at Carnegie Mellon.(Company overview)
- Article from:
- Computer Weekly News
- Article date:
- November 5, 2009
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The next-generation of credit and debit payment cards will provide added security for consumers while protecting retailers' and financial institutions' losses resulting from fraudulent use. The breakthrough technology, which utilizes the world's first fully programmable magnetic strip, was invented by Dynamics Inc., a company founded in 2007 by its CEO Jeff Mullen while attending the MBA program at Carnegie Mellon University's Tepper School of Business.
In September 2009, Dynamics Inc. announced $5.7 million in Series A funding led by Adams Capital Management, successfully completing a big step toward the commercialization of its technology, and demonstrating the ...