Credit Union Seeing Increase in Usage and Interchange Revenue Since Implementing ProgramENGLEWOOD, Colo.—(May 26, 2010) — Dynamic Card Solutions (DCS), the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, today announced that US Community Credit Union is utilizing its instant issue software and associated hardware to offer its members personalized debit cards on-demand at the branch level. Activation is immediate, so members can start using their debit cards within minutes of opening a checking account or requesting a replacement debit card.
After evaluating multiple vendors, Nashville-based US Community Credit Union chose DCS as its instant issue provider of choice, implementing DCS’ CardWizard® instant issue software, FCP 20/20 card printer, and PIN selection devices. The credit union has the ability to print multiple card images on-demand with DCS’ FCP 20/20 card printer, and now offers 21 different background images that members can choose from. Cardholders can also choose their own personal identification (PIN) at the branch.
“We selected DCS because of its proven technology in the industry as well as their outstanding customer references,” said Joe Menninger, vice president, special projects for US Community Credit Union. “We also found that their CardWizard instant issue software and FCP 20/20 printers were superior and offered so much more advantages and features over what others in the industry provided.”
Issuing the personalized card on-demand and allowing the member to choose their own PIN at the branch level eliminates the need to send the cards through the mail, which can take up to seven to 10 business days. By not having to send the cards or PINs through the mail, US Community Credit Union eliminates the possibility for their debit cards being intercepted and used for card or identity fraud, and ultimately increases usage rates and interchange revenue because the member begins using the card right away.
“Instant issuance and the ability to offer a variety of card images gives us quite a competitive advantage amongst our competitors, differentiating us in the marketplace as a credit union that continues to focus on member satisfaction,” added Menninger. “The ability to deliver a highly personalized debit card on-demand that can be activated right away or next day provides a convenient service experience to the membership, and the increased usage and interchange revenue that we are initially seeing is quite impressive as well. The personalization is providing that top-of-wallet differentiation that we were hoping for. Instant issuance is one of the best branch innovations to come across the financial services marketplace.”
About US Community Credit Union
US Community Credit Union is a full-service, financial institution serving individuals who work, live, go to school or worship in Davidson, Wilson, and Rutherford counties. USCCU was started in 1949 as the Nashville VA Credit Union and changed its name in 1952 to US Courthouse Credit Union. In 2005, the credit union’s name was changed to US Community Credit Union and opened its membership to the community. It is recognized as one of the best managed and strongest financial institutions in the country, as indicated by USCCU’s 5-star rating from Bauer Financial, the nation’s largest independent rating service for banks and credit unions. With more than 20,000 members, over $130 million in assets and 4 full-service branches around the Nashville Area, USCCU is a leader in the credit union industry. For more information, visit www.usccu.org.
About Dynamic Card Solutions
Founded in 1996 and a wholly owned subsidiary of Dynamic Solutions International, Dynamic Card Solutions (DCS) is the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue EMV, contactless and magnetic stripe cards. With over 500 financial institution customers supporting thousands of active branches, DCS is the leading instant issuance provider for Visa® and MasterCard® debit cards worldwide. DCS is dedicated to meeting the needs and requirements of complex issuance environments, and has the experience to guide you through the procedures and processes required to implement a best-in-class instant issuance operation for contact and contactless EMV and magnetic stripe cards. For additional information, call +1 303.754.2000 or visit the Dynamic Card Solutions Web site at www.instantissuance.com.
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