What is Instant Card Issuance?
Instant Issuance (also known as decentralized) means that the credit or debit card is issued and activated on the spot and then can be used immediately. It’s essential for today’s market, enabling financial institutions to get new or existing customers up and running with their bank card instantly. There are a number of ways to deliver this level of customer service including locating a card personalization machine in the branch or a self service kiosk which reduces branch staffing requirements.
Key Benefits for the Financial Institution
- Increase your cards in the market.
- Increase card activation, usage and transaction rates.
- Increase customer convenience.
- Remain top of the wallet.
- Enhance customer experience.
- Reduce delivery costs and potential for fraud that comes with cards send by mail.
Key Benefits for the Client
- Instant purchasing power.
- Instant replacement of lost or stolen cards.
- A personalized connection with the branch personnel.
