MINNETONKA, Minn.--(BUSINESS WIRE)--Datacard Group, the world leader in secure ID and card personalization solutions, announced today that their Datacard® MX1100™ card issuance system has been implemented at a prominent bank in India for an in-house central card issuance setup.
In-Solutions Global Private Limited (In-Solutions) – a third-party service and solutions provider for electronic payments in the Indian banking industry and who works with the bank – selected Datacard Group based on the end-to-end card issuance solutions and module configuration, it offers for the financial industry.
“In-Solutions prides itself on providing our customers in the Indian region with best-of-class solutions that match their business needs and objectives,” said Adelia Castelino, managing director of In-Solutions. “We chose Datacard Group for their world-class card personalization products, which seamlessly integrate with our solutions and provide the bank unmatched technology for their card personalization solution.”
The bank will use the MX1100™ system to produce and personalize cards with specifications for various payments schemes including Visa and MasterCard, as well as the RuPay card – which is the Indian domestic card payment network that is fast becoming a necessity for the un-banked population in the region. In addition, the MX1100™ system’s module configuration includes magstripe and dual chip encoding, front graphics and photo printing, topcoat, embossing and indenting.
“Datacard Group is pleased that In-Solutions chose us for this project,” said Rajiv Singh, managing director of Datacard India Pvt. Ltd. “Right now, only about 50 percent of the 1.2 billion people have bank accounts in India, and there is a significant opportunity for the un-banked population to receive cards that can work with RuPay. Given the card personalization capabilities that we are able to provide this bank, In-Solutions has a great opportunity to capitalize on the increasing needs to offer personalized cards to the Indian market.”
About Datacard Group
Datacard Group empowers financial institutions, government agencies and other enterprises in more than 150 countries to securely issue and personalize financial cards, passports, national IDs, employee badges, mobile payment applications and other credentials. Our flexible solutions enable Secure Issuance Anywhere™, which helps both public and private enterprises succeed in a global, digital and increasingly connected marketplace. Datacard is the world's best-selling brand of secure issuance solutions. For information, visit www.datacard.com. Follow us on Twitter, YouTube and LinkedIn.
In-Solutions Global Private Limited (“In-Solutions”) is a pioneer in the payment card industry in India, providing its GENIUS™ solutions and services for payment transactions as a third party processor as well as solutions provider. In-Solutions’ vision is "Simplify Payments & Enhance Business Value through Innovative Solutions" and its mission is "Integrate Domain, Technology and Processes through equal contribution of People & Partners". In-Solutions is recognized for its domain expertise in the payment industry across the globe.
The In-Solutions GENIUS™ solution suite comprises both Issuance and Acquiring / Merchant solutions, taking care of end to end processing needs of credit, debit, pre-paid cards both magstripe and EMV® cards. The solution provides a single platform wherein most of the functions related to payments are performed in an integrated environment.
Recognized by RUPAY, VISA, and MasterCard International, for its processing capabilities as well as solutions development and with over two decades of experience in servicing clients in the banking sector, In-Solutions has the track record of handling all types of payment transactions as per the standards set by these brands and the regulators. For more information logon to www.insolutionsglobal.com
Genius™ is a trademark of In-Solutions Global Private Limited. EMV is a trademark of EMVCo LLC. All other trademarks and trade names are the property of their respective holders.