Instant issuance card company reports 87% revenue increase
31 August, 2009
category: Contactless, Financial
Dynamic Card Solutions, an Englewood, Colo. provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue mag stripe, contactless or EMV cards, has announced $14.8 million in revenue for the second quarter, an 87% increase over the previous year.
The company attributes these results to new customers both domestically and internationally, as well as expanding existing deployments of its instant issue software and associated hardware.
With nearly 500 customers to date, the company’s CardWizard software allows the personalization of ATM and Visa/MasterCard plastic cards on demand with secure PIN selection. CardWizard helps financial institutions optimize their card issuing programs by eliminating the cost, risk and delay for cardholders to receive their cards.