Dynamic Card Solutions (DCS) has entered into a partnership with Ontario-based Threshold Financial Technologies (Threshold) to offer financial institutions a comprehensive EMV PIN change and card issuance solution using DCS’ patented CardWizard software. Reportedly, CardWizard is a modular software application used to instantly issue Visa and MasterCard products.
The partnership between Threshold and DCS means Threshold’s card issuing clients can transition from magnetic stripe cards to Chip and PIN cards, offering their cardholders convenient in-branch PIN selection, PIN change and instantly personalized chip cards.
DCS has claimed that using CardWizard software cardholders can fully personalize cards, program the chip, encode the magnetic stripe, and print or emboss their details in real time, and can optionally activate the card for immediate usage. In-branch card issuing and PIN management eliminates the cost, risk and delay associated with the traditional PIN mailer and card delivery methods.
Matthew McIver, president of Threshold, said: “Our clients rely on us to deliver innovative cardholder services as we guide them through the EMV migration process. The DCS partnership is strategically important as it enables our clients to quickly and cost-effectively deploy in-branch EMV card issuance and PIN change systems at a fraction of the cost if they were implementing them on a standalone basis. With Threshold investing in the centralized infrastructure, we can provide our clients with a high quality, affordable managed service.”
DCS is a provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards.
Threshold provides payment processing, fully managed ATM and card issuing solutions to over 65 financial institutions throughout Canada.
