Company Continues to Increase Revenue and Orders as Instant Issuance Draws Noteworthy Interest in the Industry
Englewood, Colo.—(April 30, 2008) — Dynamic Card Solutions (DCS), developer of CardWizard®, the leading instant issue and PIN selection software application for financial institutions, today announced that it has had significant increase in numbers from 2007. Ending Q1 2008 with the addition of new customers, an increase in orders and considerable revenue growth continues to solidify the company’s strong foothold as the preferred vendor-of-choice for instant issuance of debit, ATM, credit and prepaid cards.
Orders from large financial institutions contributed to DCS’ revenue growth of nearly 30 percent over the last year. In addition to new contracts, numerous existing customers expanded their deployments of DCS’ instant issue solutions, resulting in a 34 percent increase in orders from Q1 of 2007 to Q1 of 2008.
Recently, instant issuance has drawn interest in the industry as a method to increase the customer experience which results in higher customer retention and acquisition rates. Financial institutions that are able to produce a plastic card “on-the-spot” essentially eliminate the wait time for consumers to receive a card, allowing them to activate and use their card immediately which produces additional revenue benefits as well.
With the latest version of DCS’ CardWizard flagship product, financial institutions and retailers will be better able to serve their customers with a more personalized, innovative, convenient and secure plastic card. CardWizard continues to provide unmatched flexibility and user-friendly design, and enables significant new functionality and capabilities to enhance security, delivery and overall customer experience.
“Each year, DCS sees considerable growth as instant issuance is recognized as a unique way for financial institutions to gain additional interchange revenue and increase customer satisfaction,” said Ron Zanotti, vice president of sales and marketing for DCS. “Our company has, and will continue to be an innovative and safe choice for our customers. We anticipate 2008 to be our most successful year yet.”
For more information about DCS’ instant issue technology, please visit www.instantissuance.com.
About Dynamic Card Solutions
Founded in 1996 and a wholly owned subsidiary of Dynamic Solutions International, Dynamic Card Solutions is an innovative developer of instant issuance and PIN selection solutions for banks, credit unions and retailers. Dynamic Card Solutions is the leading instant issuance provider for Visa® and MasterCard® debit cards in the United States. The company offers fully integrated solutions that allow financial institutions and retailers to quickly and securely issue ATM, debit, credit and prepaid cards instantly at branch or store locations. Issuing cards instantly increases customer service, card sales and revenue, and eliminates current card issuance costs. Dynamic Card Solutions’ system includes a user-friendly administration component that provides full reporting, card inventory and more. All solutions utilize DES encryption and are compliant with recommended security procedures for instant issuance. For additional information, call 1-800-641-5215 or visit the Dynamic Card Solutions Web site at www.instantissuance.com.