Runge & Company provides management consulting services to card issuers for the evaluation, design and deployment of instant card issuance systems. We offer solutions that are easily integrated with existing card issuance processes.
What is instant issuance?
With instant issuance, a financial card carrying the
VisaŽ/MasterCardŽ logo is personalized on-demand, and "hand
delivered" to the customer in the branch or at another remote
location. All of the Visa/MasterCard-required security
features for encoding, embossing and indent printing are
incorporated on the card. Custom graphics or a photo may also
be applied to produce a unique card product that dramatically
exceeds customer expectations. An example includes a co-branded, university-issued "Campus Card"
that comes complete with a digital photo, a customer-selected
PIN and immediate ATM access and signature-based debit functionality.
What are the benefits of an instant issuance program?
New customers receive permanent debit cards on-the-spot at account opening, eliminating
the typical one-to-two week waiting period for a customer to receive a card in
the mail. Lost or stolen cards are replaced in minutes, not in days or weeks.
Compared with customers who must wait to receive debit cards by
mail, those who receive instantly issued cards during account
opening are easier to motivate--
and are more likely to take immediate action, using their cards sooner for offline
debit.
How can Runge and Company help?
The core expertise of Runge & Company is the implementation
of instant card
issuance
programs.
We provide professional guidance in hardware and software selection, set-up,
and
integration
with current systems.
Our analytics will
scope out your anticipated return on investment, while our experience enables
us to pro-actively address potential risk factors.