NASHVILLE, Tenn.--(BUSINESS WIRE)--EFT Source, Inc., a provider of turnkey card programs and personalization services for ATM and debit cards for financial institutions, announced that it has been recognized as a top technology leader for the second consecutive year by IDC Financial Insights.
The 2014 FinTech Rankings recognize technology companies that obtain more than one third of their total revenue from the financial services industry. To be included, revenues must originate from software, hardware and IT services sold to financial institutions.
“The IDC Financial Insights FinTech Rankings are a global measure of success in the financial services technology industry, and we congratulate this year’s Top 100 FinTech companies and the Top 25 Enterprise companies on their prominent positioning,” said Karen Massey, Senior Analyst for IDC Financial Insights. “These companies have demonstrated commitment and success in supplying innovative and efficient technology to our industry.”
Evidence of the industry’s continued adoption of instant issuance, EFT Source realized a 211 percent increase in the total number of financial institutions using its patented, EMV-capable instant issuance solution, Card@Once, from a year ago. In that same time, Card@Once has also delivered more than half a million cards, while tripling its weekly card volume.
“Technological advancement is paramount for financial institutions to acquire and retain profitable account holders in the wake of data breaches and changing consumer expectations,” said Bill Dinker, president of EFT Source. “We are excited to be included again in the FinTech ranking – a testament to our continued commitment to innovation. We remain at the forefront of industry-wide adoption of instant issuance solutions like Card@Once, and this ranking illustrates our growth and leadership.”
The 2014 FinTech Ranking is compiled by IDC Financial Insights, a leading independent research and advisory firm, and published by Bank Systems & Technology, a comprehensive source of news, analysis and commentary about financial services technology issues. Data is gathered from surveys, original research and market analysis conducted by IDC Financial Insights.
To view the FinTech Special report, please visit:
http://www.idc.com/downloads/Final_Rankings.pdf
About EFT Source Inc.
Established in 1977, EFT Source provides more than 3,000 U.S. financial institutions with turnkey card programs and secure personalization of debit, credit and ATM cards under the VISA, MasterCard and Discover payment brands from conceptual art to creative fulfillment services. Based in Nashville, Tenn., EFT Source also has a production facility in Colorado Springs, Colo. For more information, visit www.EFTsource.com.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email info@idc-fi.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
