BROOKFIELD, Wis. – Fiserv announced this morning it is now offering its credit union and bank customers the ability to instantly issue Visa and MasterCard credit and debit cards.
This will give credit unions and banks the ability for branch employees to provide consumers 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.
Instant issue cards from Fiserv can be delivered using one of two options; either non-personalized temporary Visa or MasterCard debit cards, providing immediate access to an account until the permanent card is received in the mail; or permanent issue cards.
To enable permanent cards 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.
Credit unions and banks also gain access to the same product suite that is available for centrally issued cards including The Card Collection, a portfolio of 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, simplifying the card replacement or reissuance process.