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Contis launches instant-issue card program amidst COVID-19

Contis, a payment solutions provider, has announced the launch of an instant issue card program for allowing safe access to money during the COVID-19 pandemic. The release will allow credit union members to get their crisis loan approved and issue on a contactless card, through the supplier’s community banking division.

Geoff Leech, MD of Engage, said, “We’re doing everything we can to help vulnerable people at this difficult time. The financially excluded rely most on cash and are hardest hit in the current climate. Quick, safe and secure access to money is essential, so we have rolled out a range of measures to get contactless cards in people’s hands as quickly as possible.”

Contis states that its community banking arm Engage aims to assist the underbanked and financially excluded and is currently working with around 150 credit union partners. As a result, new Engage current accounts will be approved instantly. The accompanying debit cards are expected to be delivered in two working days. The banking arm’s customers will also be allowed to add a connected card to their account for trusted friends and family.

According to the supplier, COVID-19 has led to a sharp increase in the use of contactless payments and has resulted in a shift of consumers to online services. Thus, instant issue cards provide a safe solution for members and credit unions can also benefit from holding less cash on their premises.

Recently, Contis announced the renewal of its partnership with Lithuanian FinTech Paysera for a term of three years.

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