Dynamic Card Solutions Launches CardWizard(R) Chip Card Components for EMV(TM) Instant Issuance.Leading U.S. Instant Issuance Provider Now Offers Smart Card Capabilities ENGLEWOOD, Colo. -- Dynamic Card Solutions (DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. ), the leader in instant issuance and PIN selection software applications for financial institutions, today announced the availability of CardWizard[R] Chip and CardWizard[R] Smart Start, two unique chip component offerings for EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet instant issuance with full in-branch card personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. . Smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. have gained traction in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries by providing greatly improved security. Many financial institutions are transitioning from magnetic stripe cards A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. to smart card solutions to enhance security and add multi-application functionality to financial cards. EMV standards ensure that single terminal and card approval processes are developed at a level that allows cross payment system interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. while ensuring data security. "The EMV market offers a substantial opportunity for instant issuance," said Spencer Clark Spencer Clark (January 29, 1987—May 21, 2006) was a racecar driver in the United States. He raced in short tracks in his home state of Nevada and was named a Young Lions National in 2001. , director of international markets at DCS. "Financial institutions who issue chip-based cards can now use the same solution already trusted by more than 300 financial institutions to instantly issue Visa[R] and MasterCard[R] products at the branch level." CardWizard integrates seamlessly with almost all core banking applications, card management systems, data preparation systems and services, branch automation platforms and network providers. CardWizard's design flexibility means that the investment in CardWizard is safe for the long term, no matter which other applications are changed along the way. Both CardWizard Chip and CardWizard Smart Start options offer all of the benefits found in DCS' leading instant issuance and PIN selection software and consist of central and branch level elements. While CardWizard is used to instantly issue cards in branches, and can be used for bulk reissuance, many financial institutions will still conduct mass reissuance of expired cards through a bureau. DCS' 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 EMV cards to consumers at each branch. DCS' 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. By outsourcing data preparation, financial institutions can delay or avoid altogether the costs of developing in-house chip expertise. The challenges associated with key management are also minimized by outsourcing. CardWizard Smart Start makes instantly issuing EMV cards almost as easy as magnetic stripe card issuance. CardWizard Smart Start is ideal for several card issuer scenarios, including: Issuers that want to pilot EMV issuance without fully committing to the infrastructure investment; those currently using a bureau for EMV issuance that also want to instantly issue cards in the branch; issuers in the process of EMV migration that want to instantly issue cards; for issuers that haven't yet decided whether to centrally issue EMV cards through a bureau or in-house. About Dynamic Card Solutions Founded in 1996 and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dynamic Solutions International, Dynamic Card Solutions develops instant issuance and PIN selection solutions for banks, credit unions and retailers that issue chip, magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. or contactless cards. Dynamic Card Solutions is the leading instant issuance provider for Visa[R] and MasterCard[R] debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in the US. The company offers fully integrated solutions that allow financial institutions and retailers to quickly and securely issue ATM, debit and credit cards instantly at branch or store locations. Issuing cards instantly increases customer service, card sales and revenue, and eliminates current card issuance costs. Dynamic Card Solutions' system includes a user-friendly administration component that provides full reporting, card inventory and more. All solutions utilize DES encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. and are compliant with recommended security procedures for instant issuance. For additional information, visit the Dynamic Card Solutions Web site at www.globalinstantissue.com or call +1 303-754-2000. |
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