US Bank has announced that it is adding Visa payWave technology to an unembossed debit card that is issued instantly to an account holder upon opening an account. The instant-issue Visa payWave pilot is being tested at select US Bank branches in Denver and Salt Lake City as part of US Bank’s on-going innovation in payments.
Reportedly, the pilot allows US Bank and its customers to explore the benefits of combining three new technologies into one card – instant issuance, unembossed personalization and contactless payment. The instant issue debit card can be issued in the branch at the time the customer opens a checking account, rather than that same customer getting an initial temporary card, then waiting for the permanent one to arrive days later in the mail.
The bank has added that Dynamic Card Solutions is providing the software and hardware necessary to personalize and issue the debit cards instantly at the branches.
