These devices personalize and produce payment cards on demand, encoding magnetic stripes, embedding smart chips, and printing cardholder information. A financial institution, for example, might use such a device to instantly issue a replacement card to a client.
Instant issuance enhances customer satisfaction and streamlines card delivery. This technology also improves security by reducing the time cards are in transit and allows for greater control over the personalization process. Historically, centralized printing and mailing created delays and security vulnerabilities. Modern, decentralized issuance represents a significant advancement in the financial industry.