EMV Card Production Management: Optimising Resources with Advanced Tools
Customer is king! And customer is spoiled. While payment cards were once considered a high-tier luxury, today they are almost a commodity. This brings us to a change of mindset not only on the customer side but also on how banks and personalization centers address this change. There is pressure to deliver high-quality and customized payment cards faster, сheaper and ideally follow their status in real time, like an Uber order.
With the growing demand for cost-effective and customized end products, the need for optimizing production processes while ensuring a seamless customer experience has become crucial for financial institutions. The cost per card, delivery timelines, and operational efficiency are all key metrics driving this shift.
X Infotech offers a suite of tools that help banks and financial institutions streamline their EMV card production processes, improving efficiency and reducing costs. Several pain points commonly affect service providers in the card production industry, including:
- Manual Labor: Traditional processes require a significant amount of manual intervention, leading to higher labor costs and the potential for human error.
- Lack of Traceability and Reporting: Without robust tracking and reporting tools, it’s challenging to monitor the production process and ensure accountability.
- Time and Resource-Consuming Labor: Legacy systems and manual processes often lead to inefficiencies and resource wastage.
X Infotech’s Production Management System offers a comprehensive solution to these challenges. The modular system supports the entire production lifecycle, from data retrieval and preparation to quality control, stock management, and distribution management.
Key Features of X Infotech’s Production Management System:
- Complete production management of payment cards – from data import to stock management and reporting.
- Production monitoring in order to control the distribution of requests to personalization machines.
- Support for magstripe, contact, and contactless chips, third-party equipment, and systems.
Conclusion
Optimizing resources through advanced tools is no longer a luxury – it’s a necessity. We feel the need to reduce costs primarily where it is under our expertise – automatization of process and eliminating manual intervention. Our solution will improve delivery times, and enhance production quality, all while offering the flexibility to scale and integrate with existing systems.
As the demand for faster, more secure card personalisation continues to rise, financial institutions that adopt these advanced tools will be well-positioned to stay ahead of the competition and provide superior customer experiences.
By embracing modern production management systems, banks can ensure they’re not only meeting current demands but are also prepared for the future of card issuance and personalisation.
For more information about X Infotech’s EMV Personalization Solutions, visit www.x-infotech.com.