Instant Issuance Helps You Deliver a Better In-Branch Experience
Instant card issuance, once regarded as a “nice-to-have” bonus feature that only large financial institutions could afford, is now a must-have service that customers expect. Fortunately, thanks to the ease and security of cloud-based technology, instant card issuance is now within reach of smaller financial institutions.
Bottom-line benefits of a better in-branch experience:
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47% of cards are used within eight hours
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97% of customers are “satisfied” or “very satisfied”
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Decrease of operational cost related to fulfillment (i.e., envelopes, carriers, postage, etc.) by $1 per card
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15% increase in customer transaction volume — five additional transactions per card
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Increase of 2.5% debit and 4.5% credit interchange
Source: CPI Card Group