Plastics

Plastics are a tactile, visual representation of your credit union’s payments experience. It’s a key touch point to be carefully crafted. Co-op offers options from the traditional plastics and contact EMV chips cards, to the ever increasingly popular contactless card. We’re here to help you build a payments experience specifically for your member base.

Co-op Plastics Solutions Offer:

• Gallery of stock card or custom card options 
• Contact and contactless EMV cards
• Support for Instance Issuance programs
• Prepaid cards
• Card security programming through personalization
• Standard or customized card mailers 
• Standardized implementation processes
• Consolidated ordering process
• Support for PIN change / card activation
• Fully developed business continuity for card manufacturing 

In addition, solutions such as the integrated Inventory Management Tool, in Co-op Springboard^® make it easier to manage your plastic stock and details with at-a-glance views of each card program’s settings, monthly forecasting calculator and automatic low stock alerts.

Contactless Cards

Give Members a Faster, No-Touch Point-of-Sale Option with Contactless Cards
Contactless cards offer your members the fast, secure, touch-free experience they want at the point of sale – without having to migrate away from the cards they already use. Tap-and-go card payments hit critical mass in the early months of 2020 as consumers reached for the safety of contact-free payments. Now, the ease and convenience of contactless payments are becoming both a default and a differentiator:

• Contactless is the new top-of-wallet: Nearly half of cardholders (46%) traded their top-of-wallet card for one that offered tap-and-go in an April 2020 global study by Mastercard.¹ According to Visa, contactless payments by card and digital wallet increased 150% between March 2019 and March 2020.² 
• Merchant acceptance is widespread and growing: Contactless payments are an option at roughly 65% of the nation’s merchants³ – and more than 75% of the top 100 U.S. merchants.⁴ Contactless is also expanding its reach as public transit in New York, San Francisco and Boston adopt tap-and-go payments.
• A faster experience is better: Contactless transactions are 10x faster than chip transactions, improving the point-of-sale experience and inspiring card spend and usage.
• Security is seamless: Contactless cards provide the same dynamic EMV security used in chip cards and they do not require a signature.

Your members are making the leap to contactless payments. Give them the digital payment options they prefer to build a primary financial relationship and advance your digital transformation journey. 

Learn more about contactless cards from your Co-op representative.