The 21st century consumer wants a debit or credit card that does it all and can be inside their wallet within the span of a short visit to their financial institution. For banks and credit unions, implementing and delivering the “magic” of instant issuance to customers requires a number of considerations, with one area being particularly critical to their success: the ownership of the server that stores secure data and programs new cards.
There are two main solution models to choose between in this regard – Software-as-a-Service (SaaS), where the data is maintained in a secure cloud-service offered by the instant issuance supplier, and Software for Purchase (SFP), in which the institution owns the server and software. This white paper from CPI Card Group® provides information and insights on the various factors to consider when assessing instant issuance via a SaaS platform vs. a purchased and custom-built SFP platform, and helps financial institutions to determine which model is the best fit for their organization.
