Dynamic Card Solutions, a developer of instant issuance and PIN selection systems, has launched the latest version of its CardWizard software.
Contactless personalization will be available with its FCP 20/20 full card personalization instant issue solution along with the Datacard 150i embosser. With contactless technology integrated into Dynamic Card Solutions’s (DCS) signature CardWizard product, financial institutions can maintain the customer and revenue benefits of instant issuance.
Contactless cards streamline the purchasing process for purchases under $25, improving the speed of micro transactions for merchants and providing consumers with a cash alternative. The combination of smart card technology and Dynamic Card Solutions (DCS’s) instant issuance solutions helps financial institutions provide immediate access to contactless cards for new and existing customers. Typically interchange revenue comes from both PIN-based and signature-based purchases with the merchant, however, signature-based transactions have a slightly higher interchange rate. Contactless card transactions are signature-based, giving financial institutions access to increased interchange revenue from instantly issuing the card in branch, and getting it into consumers’s hands faster for use.
DCS’s CardWizard contactless system will instantly issue cards with both chip and magnetic stripes allowing them to remain usable with a variety of existing merchants’s payment systems. Both the FCP 20/20 and the DataCard 150i embosser hardware used to make instantly issued cards will have the capability to produce chip and magnetic stripe cards on the spot.