Sentry Enterprises is producing credit cards with an OLED panel for card-issuing institutions, the company has announced. The card, called Radiance, is intended to give banks the opportunity to distribute a modern-looking credit or debit card.
The OLED panel is more of a gimmick, as it ensures that part of the card lights up when a payment has been made. In doing so, banks can also choose to have their logos light up. Then again, the card does have a useful aspect: users can more easily see whether the card is within range of an EMV payment.
Radiance promises banks that such a card will increase customer loyalty and encourage them to make more payments. The Radiance card can be issued as a Visa or Mastercard. Contactless payment via EMV Contactless is of course also planned, as the card also receives the energy required to light up the panel via RFID. According to Sentry, the card is supplied with energy via NFC.
According to OLED-Info, the panel is produced by Konica Minolta, which has been trying to commercialize such a card application for several years. It is not yet clear when the first cards will come onto the market, as Sentry has not yet named any partners, but is ready in principle. It can be assumed that neobanks in particular will show interest.