CardWizard instantly reissues breached cards
ENGLEWOOD, Colo. (2/16/09)--Dynamic Card Solutions' (DCS) CardWizard software is instantly reissuing debit cards to credit union members whose accounts were comprised by the Heartland Payment Systems breach.
United Heritage CU, Austin, Texas, is using CardWizard to reissue the compromised cards. Members had the option of receiving cards instantly in-person at the branch, or waiting seven to 10 days for delivery in the mail.
Of the 948 cards United Heritage re-issued, 60% were instantly reissued with CardWizard.
"Instant issuance has given us the ability to ease many of our members' concerns by securely reissuing them a replacement card right away, cutting back on the disruption to daily lifestyles many of these cardholders could otherwise experience," said Michael Ver Schuur, United Heritage executive vice president and chief financial officer.
Credit unions using instant issuance eliminate the time it takes for cardholders to receive replacement cards and reduce costs, DCS said.
United Heritage has $590 million in assets.
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