Credit card processor TSYS has rolled out a new card manufacturing service that enables issuers to add EMV chips to EMV-compatible magstripe cards from TSYS Card Shop during the production process.
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The service, called Chip Card on Demand, has been designed to boost the company’s card production capabilities by offering issuers more flexibility as they migrate to chip-enabled credit and debit cards.
The offering also provides more control of the chip card migration, enabling issuers to issue magnetic stripe cards, build new card designs and launch new cards for all or a some of their portfolio.
TSYS said that the service aims to enhance efficiency and reduce the need for management of chip inventories, applet changes and chip specifications.
The company expects several North American consumer and commercial card issuers to implement the service by this summer.
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By GlobalDataTSYS group executive of output services Bob Kellum said: "We have worked with our US clients since last year as they prepare to issue chip cards in 2015, and it was clear to us early on that we could create an improved process.
"This solution lets our issuers focus more on strategy and execution and less on managing new operational challenges. We have also included Chip Card on Demand in TSYS Card Shop to create custom chip cards."
