Dynamic Card Solutions (DCS), the leading instant card issuance, PIN selection and PIN change provider for financial institutions, and Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation (NASDAQ: SONE), today announced a partnership to offer financial institutions a fully integrated solution for card management, instant issuance and PIN selection, by connecting DCS' patented CardWizard® solutions with Postilion for Card Issuers.
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. DCS' CardWizard instant issue software fully personalizes the chip, encodes the magnetic stripe, and prints or embosses cardholder details on each card. Postilion for Card Issuers provides complete life cycle management for an extensive range of card products with full support for EMV, including contactless, and PIN control. The integrated solution also enables customers to select their own PINs at the time of issue, which increases activation rates, allows for the immediate use of the card, and eliminates the costs of PIN mailers.
Fraud associated with the interception of cards in the mail is a known area of concern for issuers. The end-to-end solution from DCS and Postilion offers built-in security and removes the risk of sending cards and PINs through the mail. Instant issuance provides an attractive, low-cost alternative, particularly in countries where mail delivery services may be less reliable.
"We are pleased to be partnering with DCS in the Europe, Middle East and Africa regions to offer this innovative capability to our card issuer customers," said Mark McMurtrie, marketing director, Postilion International. "Instant issuance is now both cost-effective and easy to implement thanks to advances in technology, and it makes an ideal complement to our product suite. This unique 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."
"Instant issuance eliminates the cost, risk and delay of centrally issuing cards," said Spencer Clark, director of international markets for DCS. "By instantly issuing cards, the issuer simultaneously improves customer service, differentiates itself from the competition, and generates incremental revenue. Thhanks to its many advantages over traditional card issuance, we have seen global demand for EMV instant issuance increase exponentially in the last year. Through our partnership with Postilion, we have introduced a fully integrated instant card issuance solution which can be quickly deployed and ultimately simplifies the steps to EMV migration and branch issuance. This partnership affirms our commitment to offering the most advanced EMV instant issuance, PIN selection and re-PIN systems available."