Payment card issuance software helps businesses and financial institutions generate physical and virtual payment cards. While banks issue payment cards for their customers, companies use this type of software to generate cards for their employees. Corporate payment cards allow businesses to track work-related spending and help employees separate business and personal finances.
This type of software should not be confused with solutions used to create ID and access cards, or gift cards. Payment card issuance software integrates with accounting software and expense management software for businesses and with core banking software for financial institutions.
To qualify for inclusion in the Payment Card Issuance category, a product must:
Manage payment card orders, inventory, and replacement
Allow companies to personalize and customize payment cards
Generate multiple types of cards such as debit, credit, or prepaid
Include options to deactivate cards or set spending limits
Comply with security and privacy regulations and standards