May 12, 2010

VanCity rolls out in-branch instant card issuance system

VANCOUVER--Canada’s largest credit union, Vancouver City Savings Credit Union (Vancity) is to roll out NBS Technologies' instant card issuance system, Xpressi, in its branch network.

Card personalization and smart card technology vendor NBS is headquartered in Canada, but also has offices in the U.S., UK and France

"The Xpressi instant card issuance system from NBS Technologies will enable Vancity to be the first financial institution in Canada to instantly issue chip-and-PIN cards to its members right at the branch," Ramesh Ajitaprasad, General Manager, UbiQ Software, NBS Technologies' software design unit, says.

Xpressi enables financial institutions to issue credit and/or debit cards (magnetic stripe, contact and contactless) instantly at the branch. NBS also offers card Javelin printers for use in combination with Xpressi – a solution which Vancity has opted to deploy.

However, Xpressi can also be implemented with embossers or thermal desktop printers from any major card printer manufacturer, NBS says.

“We’re thrilled to provide our EMV chip card instant issuance solution to Vancity, one of the leading credit unions in North America,” Michael Delaney, vice president, sales and marketing at NBS, says. “In this growing and fast changing market, Vancity is taking a leadership position in enhancing the user experience at the branch level."

A Vancity spokesperson tells Payments Business that the credit union is scheduled to start issuing mag-stripe cards using Xpressi in its branches in June 2010. “The issuance of chip cards will follow by October 2010,” she says.

The first Javelin card printers will also be installed in early June, the spokesperson says.

Ajitaprasad tells Payments Business that the reason for initially issuing mag-stripe cards using Xpressi is so that Vancity can familiarize itself with the instant-issuance process



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