ENGLEWOOD, Colo. - (05/03/05) -- CardWizard, which sells a productthat enables small credit unions to instantly issue cards, is nowtargeting larger credit unions and banks. CardWizard manufacturessoftware and hardware that allow credit unions and banks toinstantly issue credit, debit, payroll, ATM and gift cards. Thecompany's software, which is connected to a financial institution'spersonal computer, can take blank card stock, emboss it to meetqualifications required by Visa and MasterCard requirements, andprovide a PIN number in one minute. Recently, the company enteredinto a pilot agreement with an unnamed regional bank that has 75branches. Five of the branches will employ CardWizard's technologyto instantly issue cards. The company said larger financialinstitutions are moving to instant issue because the servicedifferentiates them from the competition.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3