PayCraft offers a range of various card management solutions for the banking industry. It is a SaaS offering of PayCraft which helps institutions like Banks, Transport & Toll Operators, Loyalty Programs etc to setup a card issuance in a matter of few weeks. The solution provides an all-encompassing capability available on cloud or on premise for clients to choose and pick from options and features. The system supports

a) EMV Based Open Loop Cards that can be accepted at millions of terminals across the globe or b) MiFare / Desfire / Sony Felica based closed loop cards for special purpose implementations. The card management solution also offers a state of the art Instant Issuance Solution which helps banks and financial institutes to issue instant cards to it consumers.

PayCraft also offers an Instant Issuance solution which helps Financial and Non Financial Institutions to issue cards instantly. The solution comes pre integrated with variety of card issuance printers which can prepare EMV and non EMV cards personalized cards to be issued to customers on the go. Banks can now issue EMV cards on-the-spot to customers at any location, within minutes. Thanks to it, customers no longer

need to wait in long queues to receive their card, and then for their PIN to arrive via mail. This prevents the risk of card loss and fraud.
After receiving their cards, customers can activate it instantly and make their first purchase in minutes. This service not only saves valuable time and money for both customers and banks but also allows the latter to use the money saved to offer various value-added services to the former. This inevitably Harbors a better relationship between banks and customers.