Company Increases Revenue and Orders as Instant Issuance Continues to Take Hold in the Industry
ENGLEWOOD, Colo.—(Jan. 26, 2009)—Dynamic Card Solutions (DCS), the leading instant card issuance and PIN selection provider for financial institutions, today announced its 2008 results that include a significant increase in customers, number of product orders and revenue.
Following six consecutive years of double-digit growth, DCS continued to expand during 2008; particularly to address increasing demands from business opportunities. The company’s revenue increased 23 percent compared to 2007 year-end results. In 2008, DCS also issued 72 new CardWizard® Software licenses for instant issue and had numerous existing customers expand their deployments of the company’s software and hardware. Overall, the DCS customer base grew to more than 442 financial institutions with installations across thousands of retail bank branches.
Known for its patented instant issue software, CardWizard, DCS continues to help financial institutions optimize their card issuing programs by eliminating the delay, cost and risk for cardholders to receive their debit or credit cards through the mail. CardWizard is a component-based software application and can instantly issue fully personalized and compliant Visa® and MasterCard® products at the branch level.
In addition to the success of their software, last year the company also released a patent-pending unembossed card printing method utilizing their newly introduced flat card printer, the FCP 20/20. To date, DCS has received orders for over 1,400 new FCP 20/20 printers.
“Recognizing the positive impact on customer service, card activation, usage rates and fee income, more banks and credit unions are implementing instant issuance technology worldwide,” said Ron Zanotti, senior vice president of DCS. “Our continued growth is a great indicator financial institutions share our vision that technology innovation is an important investment and asset to have in this ever-changing financial landscape.”
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.