Bank Technology News | August, 2009

By John Adams



Visa payWave has found an early mover for instant unembossed debit card issuance in the States, with U.S. Bank signing up as the first domestic card issuer to allow consumers to leave a branch with a debit card immediately after opening an account.



The bank, which is piloting the cards at branches in Denver and Salt Lake City, is testing demand for a card that combines three types of technology—instant issuance, unembossed personalization and contactless payment.



Lynn Heitman, an svp in U.S. Bank’s retail payments solution, says the technology allows the process to normally be completed within one minute. “So it’s not like waiting seven-to-ten days to get a card in the mail,” she says. “Our goal is to send customers out the door fully equipped to be able to use that account.” 

Editor's Note: If you equipped them with our device they would be fully empowered to securely sign in to your online banking platform, instantly transfer money in real-time, conduct secure 3DES DUKPT encrypted online transactions and enhance their iimage all at once!



Continue Reading: