Feasibility Analysis

Runge & Company has the experience to advise its clients on all technical and operational issues related to instant issuance of embossed plastic cards.  Our professional approach makes us a dedicated resource who understands the complexities and implications of "in-branch" card personalization; specifically, the technical, operational, and financial considerations involved with deploying instant issuance hardware and software across an enterprise.

An instant issuance project can seem daunting without the right expertise, but with Runge & Company, the initiative can be completed quickly and easily.

The bottom line for most institutions is that a small investment in consulting services up front will save thousands of dollars in capital expenditures down the road, not to mention many hours of time spent performing research, financial analysis, planning and training.

The first phase involves building the business case and determining if instant issuance is right for you. Here are the steps we take to perform a detailed feasibility analysis for a potential instant issuance program:

Spend two days onsite with client

• Begin building the business case
• Discuss project scope and objectives, including potential card types for instant issuance, card activation, number of locations, capital budget, available internal systems development resources and timeframes
• Review client's existing processes/procedures starting with account opening through card activation and first usage
• Determine cost and revenue drivers for financial analyses
• Review security requirements for instant issuance

Develop a strategic map

• One or more instant issuance card types will emerge as the most viable and/or desirable:
  • Visa®/MasterCard® debit cards and credit cards
  • Campus Cards (photo ID cards that carry ATM and/or Visa/MasterCard network logos)
  • Prepaid debit cards
  • Benefits cards
  • Payroll cards
  • Flat debit cards (personalized onsite using a thermal card printer)
• Outline the costs, benefits, risks, and technical issues associated with each card type and each card issuance environment
• Identify high-level integration strategies
• Develop potential implementation timelines

Create detailed recommendations for instant issuance

• Identify a "Price-Sensitive" solution and compare to a "Best-of-Breed" solution where price is not the most important driver
• Recommend hardware and software components for small, non-integrated pilot or large enterprise-wide deployment

Perform detailed financial modeling and analyses

• Calculate costs (startup and ongoing) and benefits
• Perform multi-year IRR and ROI calculations

If you are ready to begin an instant issuance program, learn how Runge & Company can help design your system and launch your program.