Fiserv has taken The Card Collection to the EMV level. This new solution allows financial institutions using the Fiserv standard chip card configurations to more quickly and less expensively transition to chip cards.
Using The Card Collection, financial institutions will be able to select from many pre-approved, popular card designs that include both a magnetic stripe and a chip.
Credit and debit cards on the Visa® or MasterCard® payment platforms are available.
Fiserv is helping its clients simplify the transition to EMV chip-enabled cards by offering an integrated, compliant and cost effective path to EMV debit and credit card issuance. Fiserv has worked with Visa and MasterCard to develop standard EMV chip card configurations suitable for most debit and credit card programs.
These standards comply with Visa and MasterCard requirements for the U.S. market. By leveraging these standards, clients can take advantage of The Card Collection pre-approved plastic designs and streamlined testing with the card associations, thereby achieving significant cost and time savings associated with developing, certifying and testing a new script and building a custom program.
The Card Collection for chip cards provides cost and implementation time savings to financial institutions with no minimum orders, no creative costs to develop designs, no upfront inventory costs or risk of chips expiring and no management of card personalization keys.
Plastic procurement and card personalization are just part of the broad Fiserv chip card solution which includes strategic guidance, transaction processing, risk management and consumer and financial institution education. Fiserv can guide clients through every step of the migration process.
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