FIS takes instant card issuance to the cloud
12 May 2014 | 1566 views | 0
Supporting its focus to deliver innovative solutions, FIS™ (FIS), the world's largest provider of banking and payments technology, consulting and outsourcing solutions, today announced the launch of FIS Instant Card.
FIS Instant Card allows financial institutions to instantly issue ready-to-use credit, debit or prepaid cards to customers or members in the branch or store location. FIS developed Instant Card so banks and credit unions could easily and affordably produce fully compliant EMV and mag-stripe cards when a customer opens a new account or needs an emergency replacement card.
Utilizing a Private Cloud-based solution, FIS Instant Card requires no server software or processing hardware to be installed or maintained at a financial institution's location. Instead, all server hardware, security modules, card profiles, keys/encryption, EMV data preparation, PCI compliance and more are fully managed by FIS. This gives financial institutions the ability to quickly and affordably offer instant issuance to customers, and to easily expand to additional locations as needed.
"FIS is creating the most complete instant issue solution on the market, synchronizing in-branch and central fulfillment, while also fully integrating EMV," said Anthony Jabbour, EVP, FIS North American Financial Institutions. "With FIS Instant Card, a bank or credit union can issue any card their customer wants, anytime and anywhere they need it. This is another step in our ongoing effort to help financial institutions enhance their customer experience and deepen customer relationships."
FIS Instant Card offers an array of flexible options to meet any financial institution's instant issuance needs, including flat print or embossed personalization, blank or custom pre-printed card stock, edge-to-edge four-color or monochrome print, EMV and mag-stripe encoding, PIN selection and PIN change, as well as optional forms and PIN mailers. Financial institutions also have the ability to deploy card issuance to all branches, selected branches or a central location, as needed.
Fully-integrated with ePix®, FIS Instant Card allows customers to select a custom image for a card; It integrates with a financial institution's core, card management and EFT systems - making in-branch issuance a synchronized and automated part of the overall card account opening and card activation process and eliminating dual data entry. It also synchronizes with FIS central mail fulfillment so that re-issues and other large card orders are handled via the efficient, high-volume central process, ensuring any mailed replacement or re-issue card fully matches the original card issued in the branch.