NASHVILLE, Tenn.--(BUSINESS WIRE)--EFT Source, Inc. today announced that its patented EMV-capable instant issuance solution, Card@Once, won BankNews’ 2014 Innovative Solutions Award, receiving the most votes for the best Equipment/Hardware category. EFT Source is a provider of turnkey card programs and personalization services for ATM and debit cards for financial institutions.
Sponsored by BankNews, the Innovative Solutions Awards recognize companies that have introduced or significantly enhanced products designed to help community banks become more efficient, expand their capabilities and better serve their customers. Functioning as a software as a service, Card@Once enables financial institutions to deliver cards on-site and to the customer within seconds, eliminating cost, boosting revenue and strengthening customer loyalty. Recently enhanced, Card@Once is also equipped to issue EMV-ready cards upon request, allowing financial institutions to deliver chip-cards within seconds, once their respective EMV programs are complete.
“Innovation is fundamental to the success of financial institutions. With it, we can combat emerging types of fraud, create new levels of efficiency and maximize the satisfaction of those being served,” said Bill Dinker, president of EFT Source. “Receiving the BankNews Innovative Solutions Award is an incredible achievement and perfectly illustrates that when technology evolves and advances, so does the financial industry.”
Within the past year, the number of banks using Card@Once increased 211 percent. In that same time, the number of cards delivered per week has tripled. In the wake of the recent (and numerous) data breaches, Card@Once was leveraged to quickly and securely deliver replacement cards to affected customers.
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.