Dynamic Card Solutions Signs 550th Customer

American Eagle Federal Credit Union to Offer Instant Issuance of Unembossed Visa® Debit Cards to Its Members in Connecticut

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Dynamic Card Solutions (DCS), the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, today announced that it signed its 550^th customer – American Eagle Federal Credit Union.

“Instantly issuing and personalizing cards, stickers, and mobile phones allows financial institutions to remain current and competitive with all consumer segments. DCS’ CardWizard is the only instant issuance platform that can provide a PCI compliant, turn-key platform with all these capabilities.”

DCS is working with American Eagle Federal Credit Union to implement a program that instantly issues unembossed Visa® debit cards at the branch level. Looking to eliminate the wait time for members to receive a card in the mail, the Connecticut-based credit union will be implementing DCS’ CardWizard® instant issue software and its FCP 20/20 flat card printers to instantly issue and activate a personalized debit card that can be used immediately when the member leaves the branch.

“We are very pleased that American Eagle Federal Credit Union selected DCS as their instant issue vendor of choice,” said Ron Zanotti, senior vice president of DCS. “Signing our 550^th customer is a milestone that DCS is extremely proud of. Moreover, our sustained customer growth is a significant sign that more and more financial institutions are recognizing instant issuance as highly beneficial for building better customer relationships and loyalty.”

DCS’ instant card issuance and PIN solutions are now installed in more than 5,500 retail bank locations both domestically and internationally. And, according to the 2010 Debit Issuer Study sponsored by Discover Financial Services’ Pulse electronic funds transfer network, “Instant issuance is growing sharply. Banks and other issuers said they are increasingly handing out debit cards in the branch as they sign up new customers, to facilitate immediate use and to eliminate the expense of having to replace cards lost or stolen in the mail. And, 35 percent of debit-card issuers offered instant issuance in 2009, up from 28 percent in 2008. Those considering it jumped to 36 percent, from 26 percent, in the same time period.”

“Financial intuitions are really focusing on improving their card, payments and branch delivery programs to attract and retain customers; especially the younger generation of consumers who are more technology savvy and require convenience in every aspect of their life, including banking,” added Zanotti. “Instantly issuing and personalizing cards, stickers, and mobile phones allows financial institutions to remain current and competitive with all consumer segments. DCS’ CardWizard is the only instant issuance platform that can provide a PCI compliant, turn-key platform with all these capabilities.”

Instantly issuing payment cards eliminates the traditional seven to 10 business days it takes for a cardholders to receive their card, and it decreases the cost and fraud risk associated with sending these payment cards through the mail. In addition, instant issue increases activation and usage rates because the cardholder can begin using their card right away.

For more information about DCS’ instant issue technology, please visit www.instantissuance.com.

About American Eagle Federal Credit Union

American Eagle Federal Credit Union is a not-for-profit financial cooperative based in East Hartford, CT. It is Connecticut’s largest community credit union with assets of $1.3 billion, 100,000 members, and nine publicly accessible retail offices. The Credit Union was founded in 1935 and offers financial services to residents and businesses in Hartford, Middlesex, and Tolland counties. Member deposits are federally insured by the National Credit Union Administration. For more information, visit www.americaneagle.org.

About Dynamic Card Solutions

Founded in 1996 and a wholly owned subsidiary of Dynamic Solutions International, Dynamic Card Solutions (DCS) is the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue EMV, contactless and magnetic stripe cards. With over 500 financial institution customers supporting thousands of active branches, DCS is the leading instant issuance provider for Visa® and MasterCard® debit cards worldwide. DCS is dedicated to meeting the needs and requirements of complex issuance environments, and has the experience to guide you through the procedures and processes required to implement a best-in-class instant issuance operation for contact and contactless EMV and magnetic stripe cards. For additional information, call [phone] or visit the Dynamic Card Solutions website at www.instantissuance.com.