MINNETONKA, Minn. – Datacard Group, the privately owned card services provider, announced this afternoon it has agreed to acquire Dynamic Card Solutions, the popular provider of instant card issuing for credit unions and banks.
The acquisition, which includes Dynamic Card’s flagship CardWizard software, strategically expands the Datacard portfolio of end-to-end instant issuance solutions for banks, credit unions and retailers.
Dynamic Card has deployed CardWizard software in more than 5,500 credit union, bank and retail locations, primarily in the United States. With more than 500 financial institution customers supporting thousands of active branches, Dynamic Card is the leading instant issuance provider for Visa and MasterCard debit cards worldwide.
Datacard’s systems are used to personalize the vast majority of the world’s financial cards, with more than 10 million cards are issued daily with Datacard systems.
Datacard Group plans to maintain Dynamic Card’s staff and a facility in the Denver, Colorado area.
Financial terms of the deal were not disclosed.
