Instant Card Issuance For Breaches?
DCS has entered into partnership with Postilion to offer financial institutions an integrated system for card management, instant issuance and PIN selection.
Maybe they should be partnering with Heartland too. The question I have is whether this was done to meet the demand created by the Heartland Breach or whether this was done because they are banking on another major one? (Got Hacked? Bank on It) Here's the press release. That's two today for Postilion.
Dynamic Card Solutions or DCS has entered into a partnership with Postilion, a division of S1 Corporation, to offer financial institutions an integrated system for card management, instant issuance and PIN selection, by connecting DCS's patented CardWizard services with Postilion for card issuers. (Editor's Note: Sounds like they see the opportunity created by the Heartland breach...)Postilion said that instant card issuance provides banks with improved service for new account holders and allows for the immediate replacement of lost or stolen cards for current customers. Dynamic Card Solutions (DCS) CardWizard instant issue software personalizes the chip, encodes the magnetic stripe, and prints or embosses cardholder details on each card. (Sounds like they should be partnering with Heartland too)Postilion for Card Issuers provides complete life cycle management for a range of card products with full support for Europay, MasterCard and Visa (EMV), including contactless, and PIN control. The integrated system also enables customers to select their own PINs at the time of issue, which is expected to increase activation rates, allows for the immediate use of the card, and eliminates the costs of PIN mailers.Mark McMurtrie, marketing director of Postilion International, said: "Instant issuance is now both easy to implement thanks to advances in technology, and it makes an ideal complement to our product suite. This service, which includes immediate card replacement and the freedom for customers to choose their own card designs, can support card issuers with customer acquisition, retention and portfolio profitability."Related Articles
