CPI Card Group White Paper Educates Financial Institutions on Assessing Instant Issuance Platforms
January 30 2018 - 8:00AM
Business Wire
Software as a Service (SaaS) and Software for
Purchase (SFP) Instant Issuance Model Guidance for Financial
Intuitions Seeking to Meet Consumer Demands
CPI Card Group® (Nasdaq:PMTS, TSX:PMTS) (“CPI” or the
“Company”), a global leader in financial and EMV® chip card
production and related services, today released “Instant Issuance:
Deeper considerations when choosing between Software as a Service
(SaaS) or Software for Purchase (SFP)”, a white paper highlighting
the various factors financial institutions should consider when
choosing between the two principal models for an in-branch instant
issuance solution.
In today’s consumer-driven, on-demand environment in the
financial services industry, instant issuance has become a key
focus to meet growing customer expectations at the branch-level. A
crucial decision when building an instant issuance program is
determining the ownership of the server in which the solution will
store secure data for programming new cards. Issuers can choose
from either a SaaS platform in which organizations select a
supplier that offers cloud-service software and the server is owned
by the supplier, or an SFP platform that provides a secure server
and software for purchase, owned and maintained by the financial
institution.
“Decision-makers must examine the financial institution’s unique
situation at a deeper level to determine the instant issuance model
that is most appropriate for their needs, and to consider the cost
efficiency and human resources that go along with it,” said Lane
Dubin, SVP and General Manager, Prepaid and Instant Issuance at CPI
Card Group. “Our newest white paper aims to help make these
assessments between SaaS and SFP instant issuance platforms and to
support FIs in evaluating their options.”
Knowing how each model approaches the fundamentals of card
issuance – and the effects on economic, staff and time resources –
will help decision-makers to find the best instant issuance
platform solution. “Instant Issuance: Deeper considerations when
choosing between Software as a Service (SaaS) or Software for
Purchase (SFP),” illustrates how SaaS and SFP platforms have
different implications around a number of organizational factors,
such as cryptographic keys responsibilities, EMV certifications,
employee involvement, and timeline of the desired instant issuance
launch.
“We’ve seen financial institutions, small and large, implement
successful instant issuance programs with our patented SaaS
solution, Card@Once®,” added Dubin. “CPI’s comprehensive approach
unburdens branch employees and ensures, in a manner of seconds,
cardholders can walk out of the location with a custom,
personalized card in hand.”
To download “Instant Issuance: Deeper considerations when
choosing between Software as a Service (SaaS) or Software for
Purchase (SFP),” click here.
For more information about CPI Card Group’s instant issuance
solution, Card@Once®, click here.
About CPI Card Group
CPI Card Group is a leading provider in payment card production
and related services, offering a single source for credit, debit
and prepaid debit cards including EMV chip, personalization,
instant issuance, fulfillment and mobile payment services. With
more than 20 years of experience in the payments market and as a
trusted partner to financial institutions, CPI’s solid reputation
of product consistency, quality and outstanding customer service
supports our position as a leader in the market. Serving our
customers from ten locations throughout the United States, Canada
and the United Kingdom, we have the largest network of high
security facilities in North America, each of which is certified by
one or more of the payment brands: Visa, MasterCard, American
Express, Discover and Interac in Canada. Learn more at
www.cpicardgroup.com.
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.Card@Once is a registered
trademark of CPI Card Group, Inc. The Card@Once product is
protected by the US Patent No.:8429075 of CPI Card Group, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20180130005040/en/
ICR Inc. for CPI Card GroupLaura Anderson,
203-682-8267media@cpicardgroup.com