Recently GRGBanking announced that its ATM now can support issuing debit card and gift card on ATM. The first machine of that kind will soon be seen in the market, according to Kevin Luo, Director of Business Development Department from GRGBanking.
The self-service card issuing solution of GRGBanking is an innovative service channel optimizing solution that can be handled by service terminal. By adding the card issuing module, ATM can support magnetic card and IC card and they are ready for EMV migration.
A gift card is a specific kind of deposit card, used in the retail sector. Gift cards are designed for the replacement of paper vouchers or gift coupons. Usually gift cards have the same dimensions as debit cards do. The card can be read via barcode, magnet stripe or RFID chip at the point of sale. Some gift cards can also be recharged with certain amounts of money. The card holder is eligible to spend his deposit at the issuing retailer’s stores.
In 2011, consumers in the world loaded about $460 billion onto gift cards. According to research from the Mercator Advisory Group this figure will balloon 50 percent over the next two years, reaching $685 billion by 2014.
The card-issuing ATM can be deployed in all environments with high volume of cash or merchants, like branches, shopping malls, amusement parks and communities.
To ATM deployer, the self-service card issuing solution of GRGBanking can streamline card issuing process, maximum ATM utilization efficiency, and stretch traditional service channel outside branch. “It can also save cost including human resource and time resource, improve customer satisfaction” said Kevin. That card issuing module is equipped with an independent card box for easy maintenance.
GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG’s various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.
News Media Contact: Benny Huang