Fiserv Launches Instant Issue Solution for Credit and Debit Cards
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, today announced the addition of instant credit and
debit card issuance services to its central issuance business. This will
give financial institution clients the ability for branch staff to
provide consumers in a branch location with a plastic Visa®
or MasterCard® branded debit or credit card upon new account
opening, or as a replacement for a lost or stolen card.
"With the addition of instant issuance to our central issuance business,
Fiserv is the only company that can offer a seamless card issuance
solution for financial institutions," said Jorge Diaz, president, Output
Solutions, Fiserv. "Because of this, we are able to counsel clients on
the best solution to meet their business objectives — whether that is
central or instant issuance, or a strategic combination of the two
approaches."
There are both strategic and tactical considerations, such as the
operating environment, association compliance, product strategy and
processor integration that must be considered by financial institutions
before deciding to issue cards in a branch. As a leader in payments,
Fiserv is able to walk clients through this decision process as well as
other aspects of their payment portfolios.
"We work closely with our clients to understand their business goals and
how they can reach those goals. Instant issuance is now part of that
equation," said Diaz.
Instant issue cards from Fiserv can be delivered using one of two
options:
-
Temporary secure vault cards provide all the benefits of
instant issuance without an investment in hardware and software. A
non-personalized Visa® or MasterCard® debit card
is issued in-branch, providing the majority of customers with
immediate access to an account until the permanent card is received in
the mail. Cards can be ordered in bulk or with a PIN and stored in a
secure vault.
-
Permanent Instant Issue cards are available for financial
institutions that are interested in issuing permanent, personalized
cards in the branch. To enable this, Fiserv offers card
personalization equipment and Instant Issue software so that financial
institutions are able to offer a variety of cards including ATM,
debit, credit, gift, contactless and EMV cards. Financial institutions
also gain access to the same product suite that is available for
centrally issued cards including The Card Collection™, a portfolio of
nearly 80 research-based designs that clients can use without having
to create their own custom designs, as well as full-image photo cards,
which allow customers to personalize cards with an image of a
vacation, children, pet or artwork.
Fiserv provides a seamless connection between its central issuance
bureau and instant issuance solutions deployed at financial
institutions. Via that connection, data from every instantly issued card
is stored, greatly simplifying the card replacement or reissuance
process. In addition, the solution is integrated with the Fiserv card
processing platform for seamless activation and single entry.
Fiserv is a leading provider of credit, debit, ATM and prepaid products
and services and offers processing, program management and business
communication services, including card manufacturing and
personalization, transactional document composition and production,
electronic document delivery services and direct marketing strategy and
execution.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry. Fiserv is driving innovation in
payments, processing services, risk and compliance, customer and channel
management, and business insights and optimization. For six of the past
eight years, Fiserv ranked No. 1 on the FinTech 100, an annual
international listing of the top technology providers to the financial
services industry. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior PR Manager
Fiserv,
Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media
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