Wednesday, March 24, 2010

Dynamic Card Solutions Signs Amalgamated Bank



Dynamic Card Solutions Signs Amalgamated Bank



Fully Automated Solution Will Allow Bank to Offer Unembossed Instant Issuance to Its Customers in New York
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Dynamic Card Solutions (DCS), the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue magnetic stripe, EMV and contactless cards, today announced that it has signed Amalgamated Bank of New York.
“As a bank that is committed to providing excellent and reliable customer service, we did not want to risk going with a vendor that didn’t have a proven track record of success in doing instant issuance, PIN selection and card activation.”
Utilizing DCS' technology, Amalgamated Bank will now be able to instantly issue unembossed MasterCard® debit cards at the branch level. Looking to eliminate the cost, risk and delay for their customers to receive a card in the mail and to improve overall customer satisfaction levels, the New York-based bank is rolling out DCS’ CardWizard® software and FCP 20/20 unembossed card printers to its branches in Manhattan.
By issuing unembossed MasterCard® debit cards, Amalgamated Bank will have the ability to offer a variety of images that cardholders can personally select for their card background. Once the background is selected, DCS' CardWizard software transfers all personalization data fully encrypted to the FCP 20/20 printer which quickly and securely prints high-definition color onto both sides of white blank card stock the personalized unembossed card.
“We chose DCS because their CardWizard software, FCP 20/20 hardware, integration capabilities with our core and EFT processors, service and support are all field-proven,” said Debi Gupta, senior vice president and director of Information Technology. “As a bank that is committed to providing excellent and reliable customer service, we did not want to risk going with a vendor that didn’t have a proven track record of success in doing instant issuance, PIN selection and card activation.”
Known for its ability to interface into many core card management systems and network switches, DCS’ CardWizard instant issue software was able to interface with Amalgamated’s core card management system and card processor for automated instant issue, PIN selection, rePIN and instant activation. The CardWizard solution consists of central software and branch level hardware which is PCI PA-DSS compliant.
“Along with offering a reliable, mature and field-proven instant issue and PIN selection product, DCS worked closely with Amalgamated to integrate into their existing core and processor systems so the entire process is easy, efficient and secure for both branch staff and customers,” said Ron Zanotti, senior vice president of DCS.
For more information about DCS’ instant issue technology, please visit www.instantissuance.com.
About Amalgamated Bank
Established in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank continues the progressive traditions of its founders as the only union-owned bank in the United States. Chartered by New York State, Amalgamated Bank is an FDIC insured commercial bank with $4.5 billion in assets. The Bank’s corporate divisions also include Commercial Banking, Real Estate Finance and Amalgamated CapitalTM, the new, specialty leveraged finance division.
Amalgamated Bank is also one of the leading providers of investment and custody services to Taft-Hartley plans in the United States. Amalgamated’s Asset Management & Custody Division serves over 850 public sector and Taft-Hartley clients, manages over 1,100 accounts and has over $10.5 billion in assets under management.
Amalgamated’s retail banking network consists of 22 branches including 16 in New York City as well as branches in: Las Vegas, Nevada; Lyndhurst, New Jersey; Pasadena, California, and Washington, D.C. The Bank’s website is www.amalgamatedbank.com.
About Dynamic Card Solutions
Founded in 1996 and a wholly owned subsidiary of Dynamic Solutions International, Dynamic Card Solutions (DCS) is the leading provider of instant issuance and PIN selection solutions for banks, credit unions and retailers that issue EMV, contactless and magnetic stripe cards. With over 500 financial institution customers supporting thousands of active branches, DCS is the leading instant issuance provider for Visa® and MasterCard® debit cards worldwide. DCS is dedicated to meeting the needs and requirements of complex issuance environments, and has the experience to guide you through the procedures and processes required to implement a best-in-class instant issuance operation for contact and contactless EMV and magnetic stripe cards. For additional information, call +1 303.754.2000 or visit the Dynamic Card Solutions Web site at www.instantissuance.com.

Contacts

Dynamic Card Solutions

Kristin Eckmann, 303-840-4428

eckmann@instantissuance.com
Permalink: http://www.businesswire.com/news/home/20100323006585/en/Dynamic-Card-Solutions-Signs-Amalgamated-Bank


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