HID Global\u00ae, a worldwide leader in secure identity solutions, today announced that it has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market.\u00a0 With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as a \u201cchip card,\u201d with a fully integrated solution.\u00a0 DemoTeller adds solution, installation and maintenance services to broaden HID Global\u2019s secure issuance business beyond printers and consumables.\u00a0 <\/p>\n
\u201cHID Global\u2019s entry into the instant issuance market for financial institution-issued cards with the acquisition of DemoTeller is significant for our secure issuance business,\u201d said Stefan Widing, President and CEO of HID Global.\u00a0 \u201cWe will now be able to improve the user experience with more convenience and seamless integration across hardware, software and services, providing a one-stop shop for a solution that already ties into core banking infrastructure.\u201d\u00a0 \u00a0<\/p>\n
DemoTeller\u2019s offerings expand HID Global\u2019s secure issuance portfolio to include financial instant issuance software, hosted distributed printers and HSM hardware.\u00a0 DemoTeller enables HID Global to sell a financial instant issuance solution to financial institutions and retailers, addressing the needs of payment card issuers wanting to offer their customers instant access to their payment card offerings. HID Global\u2019s channel and financial industry partners sell into this market today and will enjoy the benefits of working with a single source solution provider moving forward.<\/p>\n
Financial institutions are investing in new software and hardware to meet EMV standards for smart payment cards \u2013 also called chip cards.\u00a0 The DemoTeller solution, coupled with HID Global\u2019s printers and consumables, gives financial institutions and retailers the ability to hand a customer a personalized card that is activated, which increases the likelihood that the customer will use it immediately.\u00a0 At the same time, consumers value the instant gratification of receiving a payment card.\u00a0 HID Global now connects this convenience and efficiency with the market-specific solution from DemoTeller to complement HID\u2019s existing printers that are used to personalize cards.\u00a0<\/p>\n
\u201cDemoTeller\u2019s reputation for high quality is a perfect match with HID Global\u2019s reputation for high-quality, trusted identity solutions to best serve the needs of financial institutions,\u201d said Charlie East, the head of DemoTeller.\u00a0 \u201cDemoTeller\u2019s customers can have great confidence that HID Global is customer-centric and will invest in the instant issuance portfolio to future-proof customer deployments, as part of its well-established position as a provider of compliant, secure identity solutions across the financial market.\u201d\u00a0 \u00a0\u00a0<\/p>\n
HID Global\u2019s existing secure issuance business, which is led by Craig Sandness, Vice President and Managing Director, Secure Issuance with HID Global, encompasses a range of credential personalization solutions.\u00a0 The portfolio features HID Global\u2019s flagship FARGO\u00ae\u00a0desktop card personalization systems and its IAI range of solutions for the issuance of highly secure passports, cards, and banknotes.\u00a0 HID Global recently released its latest Direct-to-Card (DTC\u00ae)\u00a0FARGO\u00aeDTC5500LMX\u00a0ID Card Printer\/Encoder designed to meet high-volume, card issuance demands. The company also recently announced its new\u00a0FARGO HDP5600 ID Card Printer\/Encoder\u00a0that builds upon its award-winning high-definition printing (HDP\u00ae) solutions for organizations focused on brand image and\/or visual security.<\/p>\n","protected":false},"excerpt":{"rendered":"
HID Global\u00ae, a worldwide leader in secure identity solutions, today announced that it has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market.\u00a0 With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as […]<\/p>\n","protected":false},"author":2,"featured_media":3305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":0,"_extra_hide_author_box":"1","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-3303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n