Instant issue cards can generate higher card activation rates and more interchange revenue.
By Missy Baxter |
Updated on July 06, 2014
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Even in the best circumstances, it can take more than 10 days for a member to receive and use a debit or credit card issued by traditional mail. Some cards get lost in the mail, creating further delays, potential security problems and dissatisfied members.
Whether issuing new cards or replacements for lost or stolen cards, many credit unions have switched to instant issue cards to eliminate postage, cut other costs, improve efficiency and enhance security.
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