Fiserv, a provider of financial services technology solutions, has unveiled Instant Issue Advantage wireless tablet solution that issues activated cards instantly for verified financial institution cardholders.
Initially, the new technology will verify member identity and provide them a tablet to access information and then instantly receive a permanent Mastercard-branded EMV debit card.
The company claims that its instant card issuance increases reliability and uptime of connections, and heightened security in moving data, according to the company.
According to the consumer trends research from Fiserv, 44% of consumers prefer branch for their standard daily transactions, consumers want a brick-and-mortar experience that merges with technology – and fits seamlessly into the way they live and manage their money.
Fiserv president of output solutions Clifford Skelton said: “When people lose their debit cards, they can’t put their lives on hold for ‘within seven to 10 business days’ while they wait for a new card. Their priority is accessing their funds where and when they want, and they expect financial institutions to stay in step and meet their needs in a rapidly moving world.”