Issuers & Account Providers

Making payment services

and banking embedded

We’re seeing a huge number of changes in payment cards. Modern issuers have adopted a digital-first user journey, with digital payment cards provided at sign-up and physical cards following later. Numberless and metal cards are increasingly being issued, but the physical payment card could yet become extinct.

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The future of payments is digital, with the payment process seamlessly integrated into the service, instead of being a separate function.

At the point of sale, we’re already seeing a battle between traditional EMV contactless cards and payments initiated by QR codes. Contactless digital payments such as Apple Pay and Google Pay continue to grow in-store and online.

Today, issuing banks typically offer payment cards affiliated to a card association, such as credit cards, debit cards and prepaid cards. Looking beyond those cards, there is a vast range of payment products banks can issue. They include virtual accounts, lodge cards for corporate travel, fuel cards, gift cards, loyalty cards, decoupled debit cards and contactless devices such as key fobs and mobile wallets. Embedded finance, embedded payments and cryptocurrencies also present new opportunities.

Working with our issuer and bank clients

Issuing processes have evolved significantly in the last decade. EDC has been at the forefront of this progress, supporting and advising issuers and processors as they optimise and modernise their operations.

Our past projects include market sizing analysis for a metal card issuer, and contactless kernel migration for EMVCo. We can help with Strong Customer Authentication (SCA) compliance, technology upgrades and growth strategy.

When we work with technology clients our service capabilities include

We’ll work alongside you as you define your value proposition. We’ll collaborate with you throughout the development and launch phases, and ultimately help you to scale.

Our Experts

Working with our experts in payment issuing

“While we don’t expect all countries will be cashless, but it is highly likely to happen by 2030 in several countries – such as Denmark, Norway and Sweden.  As a result of regulatory changes and the adoption of open banking, there is a growing number of mobile wallets being funded directly from bank accounts. In Asia more users fund their digital wallets directly from their bank account whereas in the West more users fund their digital wallet via a debit or a credit card. Payment issuing financial institutions are expected to adopt new business models over the next decade to respond to changing consumer habits.”

Ulf Geismar
Head of the Issuing Practice

“We have seen that cash transactions have given way to digital transaction in the Middle East. Banks and payments providers are rapidly evolving their issuing strategies. While card payments are growing strongly in the Middle East, mobile wallets continue to increase their relevance in Africa.”

Manuel Cigala
Senior Consultant based in Dubai

Case studies

Our latest issuers & account providers experience

Talk with our experts in payment issuing

How can EDC help you issue payment methods?

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