Datacard Group, the world leader in secure ID and card personalization solutions, today announced that they are working with Monext, a key player in the electronic payment market in Europe, to offer clients an innovative and secure equipment and software solution for the instant issuance of EMV compliant payment cards.
The two companies offer complementary areas of expertise that help to speed cards into the hands of consumers. Issuers know that instantly issued cards get activated more quickly and are used more frequently than cards that are distributed from a central location. Users tend to be more loyal to these cards as well.
The Monext platform manages card data on behalf of the issuer, and interfaces directly with an instant card issuance system specifically developed by Datacard Group. The combined solution, which complies with MasterCard and Visa security standards & guidelines, can encode, emboss and deliver a live chip and pin card in as little as one minute.
Sylvain Auchère, Head of Solutions for Datacard Group's European operations, comments, "By combining our extensive card personalization experience, with Monext's expertise in real-time management of confidential data, we were able to deliver an instant issuance solution that was fast, secure and helps to drive more revenue for issuers while optimizing their customer acquisition cost."
Philippe David, Director of the Banks and Payment Solutions business unit, adds: "Monext, market leader in the management of payment cards on behalf of issuers, is an expert in real-time management of confidential data. Clients benefit from this experience, coupled with Datacard Group's personalization solutions, allowing for cards to be delivered securely in less than a minute." We also offer our clients value-added services that can be added to the instant card issuing service, such as PIN code selection or a choice of visuals."