CardWizard for Chip-Based and Prepaid Cards

ENGLEWOOD, Colo. – Dynamic Card Solutions, which markets the instant card issuer CardWizard, unveiled an instant issuing solution for chip-based and prepaid cards. Many credit unions are transitioning from magnetic stripe cards to smart card solutions to enhance security and add multi-application functionality to financial cards, but have experienced a large start-up cost, but they can reduce the start-up cost with their remote data preparation service, allowing issuers to delay the investment in an on-site data preparation infrastructure. CardWizard Chip is installed, along with an in-house data preparation system, in the issuer’s central computer room, allowing financial institutions to instantly issue cards to consumers at each branch. CardWizard Smart Start leverages a remote data preparation service, allowing issuers to delay the investment in an on-site data preparation infrastructure. This “pay as you go” option significantly reduces startup costs, complexity, and deployment time for instant issuance.