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Introduction Say Goodbye to Plastic Cards and Checks Instant-issue cards are transforming fintech by replacing traditional plastic cards and checks. Discover what they are, how they work, and their benefits.
What Are Instant Issue Cards? Instant-issue cards are payment cards generated instantly, typically via web or email. Types: Virtual Cards: Digital-only, used online or at POS systems. Physical Cards: Issued instantly, no waiting for mail delivery.
Features of Instant Issue Cards (Part 1) Insurance Claims Payments: Quick and secure payouts to policyholders. Appliance Warranty Claims: Prompt reimbursements for appliance claims. Seasonal/Temporary Employee Cards: Simplifies payroll for temporary staff.
Features of Instant Issue Cards (Part 2) Unclaimed Property/Escheatment: Simplifies regulatory compliance. Per Diem Payments: Speeds up daily allowance for employees. Non-Primary Vendor Payments: Enables flexibility in vendor payments.
Benefits of Instant Issue Cards (Part 1) Reduced Costs: Eliminates expenses related to checks and plastic cards. Improved Workflows: Reduces manual tasks, streamlining operations.
Benefits of Instant Issue Cards (Part 2) Anywhere Approval: Payments authorized from any location, any time. Rebate Incentives: Programs offering rebates based on total spending.
Conclusion Instant-issue cards offer a secure, eco-friendly banking experience. Quick turnaround, enhanced security, and personalized features are paving the way for future banking.
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