Open Account, Walk out with Debit Card (No SafeTPIN?)

Open Account, Walk out with Debit Card (No SafeTPIN?)

Posted by John B. Frank Monday, August 10, 2009

Sounds like a perfect promotional program with which to include our PCI 2.x certified authentication, swiping and PIN Entry Device...

U.S. Bank: Open an Account, Walk Out with a Debit Card - Bank Technology News

Bank Technology News | August, 2009
By John Adams

Visa payWave has found an early mover for instant unembossed debit card issuance in the States, with U.S. Bank signing up as the first domestic card issuer to allow consumers to leave a branch with a debit card immediately after opening an account.

The bank, which is piloting the cards at branches in Denver and Salt Lake City, is testing demand for a card that combines three types of technology—instant issuance, unembossed personalization and contactless payment.

Lynn Heitman, an svp in U.S. Bank’s retail payments solution, says the technology allows the process to normally be completed within one minute. “So it’s not like waiting seven-to-ten days to get a card in the mail,” she says. “Our goal is to send customers out the door fully equipped to be able to use that account.”

Editor's Note: If you equipped them with our device they would be fully empowered to securely sign in to your online banking platform, instantly transfer money in real-time, conduct secure 3DES DUKPT encrypted online transactions and enhance their iimage all at once!

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Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

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