CoreCard® Product Release: Tokenization as a Service – Driving Enhanced Customer Security
29 Marzo 2021 - 10:47AM
CoreCard Software, Inc. (a subsidiary of Intelligent
Systems Corporation [NYSE American: INS]), the leading provider of
innovative credit technology solutions and processing services to
the financial technology and services market, announced today a new
tokenization product on its issuer processor platform.
‘Tokenization as a Service’ (or TaaS) now enables clients, new and
current, to enable virtual card tokenization instantly across
external platforms.
Since launching CoreCard’s TaaS solution,
customers have seen a significant decrease in fraudulent
transactions. CoreCard has been tokenizing digital cards since 2016
for leading technology providers. Customers who have their own
mobile app can offer consumers the ability to apply for virtual
cards in-app. Newly issued cards are instantly provisioned and
tokenized into any digital wallet. “CoreCard was an early adopter
of provisioning cards into digital wallets and now we are elevating
our popular solution with the bundled tokenization capability,”
said Eswaraprasad Dontu, CTO of CoreCard.
The tokenization announcement highlights the new
capabilities of Tokenization as a Service for any current and
future customers who partner with CoreCard. “By adopting the new
TaaS product, customers will benefit from increased security and an
enhanced in-app user experience,” said Eswaraprasad Dontu, CTO of
CoreCard. “Our TaaS solution is a great addition to our other
industry-leading credit card processing products.”
About CoreCard
CoreCard Software, a leading provider of card
management systems and processing services, offers an array of
account management solutions to support the complex requirements of
the evolving global financial services industry. CoreCard® software
solutions provide the market's most feature-rich and flexible
platform for processing and managing a full range of card products
including prepaid/stored-value, multi-currency wallets, virtual
card issuing, instant financing, small loans, point of sale loans,
fleet, credit, debit, commercial, government, healthcare and
private-label cards as well as accounts receivable and loans.
Approximately 70 percent of the debit, credit and gift card
transactions in the U.S. each year are processed by
companies in Georgia. CoreCard is headquartered in Norcross,
GA with additional offices in India, the United Arab
Emirates and Romania. CoreCard is a subsidiary
of Intelligent Systems Corporation [NYSE AMERICAN: INS].
For more information, call 770-564-8000,
email solutions@corecard.com, or
visit www.corecard.com.
Source: Intelligent Systems Corporation
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