CardWizard Eyes BiggerMarkets

Register now

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.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER