FIS, one of the worldâs
largest providers of banking and payments technology, today announced
that it has launched its Instant Issuance card product for banks in Asia
for the production of fully personalized EMV cards in branch locations.
Historically card issuance for new and replacement credit and debit
cards could take up to two weeks. Now, financial institutions can
produce cards easily, cost-effectively and in very little time. FISâ
Instant Issuance eliminates many of the high costs associated with batch
card production cycles with no postage costs, no risk of card intercept
fraud, or expensive PIN mailers. Banks benefit from increased card
sales, immediate replacement for lost, stolen or damaged cards and
improved customer loyalty, while featuring VISA® and MasterCard®
compliance and security requirements.
FISâ Instant Issuance product is a cost effective solution that operates
as a stand-alone solution or as part of its Cortex card management
system. Cortex is one of the most advanced and comprehensive card
payment solutions available in the market today and supports all the
international schemes and card types, including contactless cards.
âWe are excited to make the Instant Issuance product available to all of
our current and prospective bank clients in the Asia region. It is a
smart technology investment that helps banks to retain and grow deposits
by distributing cards upon account opening,â said Christopher Yeo,
General Manager, Payments, FIS Asia. âConsumers can walk out of a branch
with a personalized, fully functioning EMV credit or debit card in hand.
This also accelerates the actual timetable for card usage â reducing the
number of days from card issuance to the first transaction when compared
to a standard card issuing model.â
About FIS
FIS delivers banking and payments technologies to more than 14,000
financial institutions and businesses in over 100 countries worldwide.
FIS provides financial institution core processing, and card issuer and
transaction processing services, including the NYCE® Network. FIS
maintains processing and technology relationships with 40 of the top 50
global banks, including nine of the top 10. FIS is a member of Standard
and Poor’s (S&P) 500® Index and consistently holds a leading ranking in
the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla.,
FIS employs more than 30,000 on a global basis. FIS is listed on the New
York Stock Exchange under the âFISâ ticker symbol. For more information
about FIS see www.fisglobal.com.
