Benefits of Instant Issuance to Banks and their Card Holders
Bank Benefits:
- Cost savings in delivery and fulfilment overheads since cards are no longer mailed
- Immediate purchase power; cards activated in branch
- Increased customer loyalty
- Dramatically reduce the amount of inactive cards
Card Holders’ Benefits:
- Immediacy of collecting the card in branch – avoids 7-10 day wait
- Reduced risk of mail fraud
- Save precious time in activating the card – done on collection
- Lost or stolen cards can be replaced immediately without waiting time
- Brand:
- Panini