Entrust Datacard confirms it has produced over 10.6 million EMV chip cards in the U.S. in the past 12 months utilizing the Company’s instant issuance solutions.
Fraud is also a driving factor for increased instant EMV card issuance as more and more consumers need an emergency card replacement if their card information has been compromised. Giving consumers the ability to walk into a branch location to immediately receive an EMV card has helped turn a consumer experience from negative to positive.
In addition, if a larger number of consumers are affected by fraudulent activity, the instant issuance of EMV cards can alleviate central issuance operations when reissues are needed. By leveraging instant issuance solutions, the financial institutions can also greatly reduce the amount of rush and overnight delivery costs that are associated with having to mail re-issued emergency card replacements.
Financial institutions have indicated that activation rates of instantly issued cards is 100%, as opposed to the industry standard of approximately 60% activation rate of centrally issued cards.
With more than 2,000 Entrust Datacard colleagues around the world, and a network of strong global partners, the company serves customers in 150 countries worldwide.
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