Is it Difficult to Launch Your Card Program?

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There is hardly anyone who needs to explain the advantages of their card project. Your card program helps your business develop, manage your budget effectively, meet modern market realities and keep up with the times. You can issue your corporate cards, launch payroll projects, and use cards for one-off and regular transactions.

These can be both physical and virtual cards. All these payment instruments, in general, help businesses to be efficient and modern. However, implementing any innovative solution is always associated with certain difficulties, and card issuing is no exception.


The main difficulties of launching the card program itself

The main difficulties of launching the card program itself

You first need to get a BIN number to start issuing your cards. This number identifies the card issuer within a certain payment system. To obtain this number, it is necessary to collect a rather large package of documents and fulfil many requirements. Issuing your cards is associated with a fairly large expenditure of resources, namely:

  1. On average, It takes several months to six months to obtain a BIN number. It would help if you also spent quite a lot of time developing and testing your software to manage the card program.
  2. Hiring a whole staff of qualified IT specialists who can create software for card issuance and management is necessary. Also, the staff should be an employee who will be further engaged in the modernization and maintenance of this software.
  3. To make the software as easy to use as possible, it must be created by qualified IT specialists, whose services are expensive. In addition, to obtain a BIN number and establish a close relationship with the payment system, you must also use a lot of money and pay various registration fees.

All these complexities of starting a card program can be avoided using Wallester's card issuing platform.


Can issuing your cards be easy?

If you want to launch a ready-made card product on the market quickly and want to do it with minimal resources, you should only undertake some of the stages of its launch yourself.

For example, you can use the services of a BIN sponsor instead of establishing relations with the payment system yourself and spending a lot of time on obtaining a BIN. He takes care of most of the administrative and organizational issues, namely:

  • is already a full member of the payment system, so it provides its clients with BINs for any card projects;
  • creates and sets up all the infrastructure necessary for launching the card program;
  • has all licenses necessary for issuing payment means;
  • complies with all regulatory requirements;
  • ensures the security of transactions and cardholder information;
  • maintains and upgrades the software necessary to operate the card program.

BIN-sponsor provides its clients with a convenient multifunctional platform through which it is possible to issue cards and manage the entire card project.


Advantages of using platforms for card issuance

Advantages of using platforms for card issuance

The platform is a multifunctional tool through which you can perform the following actions:

  • Issue cards. These can be physical and virtual cards. They can be debit, credit and prepaid;
  • Process payments. A quality platform can process any number of payments in the shortest possible time, wherever they are made. It is made possible because there is no need to get approval from banks and other financial institutions;
  • Manage the card program. Through the platform, it is possible to set card limits, re-issue cards, and block and unblock them. To carry out these manipulations, there is no need to go to the bank and spend time and money on this.

Issuing your cards is safe, as modern platforms use innovative protocols that ensure the security of e-commerce. The most modern of them is the 3D Secure protocol. It involves the use of an additional verification step during each transaction.

Issued cards can be tokenized. It provides additional security in making electronic payments. Such cards can be added to any of the most popular digital wallets.

The classic procedure of launching a card program has many complexities. But if you use modern software and utilize the services of BIN sponsors, your card project is launched quickly and easily.

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