Colorado at center of credit card’s 21st-century evolution
The Denver Post
Imagine a replacement debit card arriving just minutes after having reported it stolen.
Imagine a single card serving as both your office-access badge and a credit card.
Imagine, too, a credit card in the form of a small sticker that can be affixed to a cellphone.
This is the new age of credit cards, and some of the technologies are being developed and tested in metro Denver.
Englewood-based Dynamic Card Solutions makes hardware and software that allow financial institutions to issue credit and debit cards instantly. They are provided at a nearby branch rather than via the mail seven to 10 days after a customer either opens an account or reports a stolen card.
One of Dynamic’s largest customers, TD Bank, already offers the service.
US Bank, with more than 140 branches in Colorado, is piloting the same technology – known as instant issuance – at five branches in the state.
“We’re starting to see much more rapid adoption of this technology,” said Ron Zanotti, Dynamic’s senior vice president.
Credit-card behemoths Visa and MasterCard have thrown their weight behind unembossed, or flat, credit cards, a technology that makes it more cost-effective for banks to issue cards on the spot.
For more of this Denver Post story: http://www.denverpost.com/ci_13904582