We all know that nowadays you don’t need to carry cash in the wallet to make a purchase. And thanks to mobile technologies people can now even leave their bank card at home. But what is really amazing is that now consumers don’t need to have a payment card at all, which brings never-before-possible convenience to clients.
Digital banking is on the up and people can manage their finances on the go, experiencing truly personalised retail banking services.
A BETTER WAY TO HANDLE MONEY
The digital card, a newly available feature, offers the same protections and benefits as a physical card and is immediately available to use in a mobile app.
Clients can request digital cards in their mobile app and then it can be instantly used to:
- Make payments in stores in apps using a mobile wallet like Apple Pay or Google Pay
- Shop online by accessing all necessary card details in the mobile app
- Withdraw money and make deposits at cardless ATMs.
THE OBVIOUS BENEFIT OF THE DIGITAL CARD IS NO WAITING TIME FOR THE CARD TO BE READY, WHICH INCREASES CLIENT ENGAGEMENT AND SATISFACTION
Offering customers digital tools around payment cards, simple and convenient management with a friendly onboarding informative chat service and the ability to choose individual loyalty programs directly in the mobile app can give an edge in customer acquisition.
Of vital importance in terms of security is that the risk of copying a digital card is completely eliminated and it is impossible to lose such a payment card.
Digital cards, just like regular physical cards, also contain a unique number, personal cardholder data and a secure CVV2 code. The very welcomed safety features include:
- The ability to switch a card on or off
- The ability to set a travel alert
- The ability to file a card transaction dispute
IMPACT FOR BANKS
In addition to increased consumer loyalty gained by the convenient and instant way to make purchases, offering clients the digital card will significantly reduce the expenses borne by banks related to the physical production and issue of plastic cards.
Advanced digital banking features are an important driver of bank selection. The Solar Digital Card adapts to individual business needs and is an unique product which will retain existing and attract new clients.
THE SOLAR DIGITAL CARD ENSURES COMPREHENSIVE AND SIMPLE CARD MANAGEMENT FROM THE MOBILE APP AND FULL FUNCTIONALITY IDENTICAL TO PLASTIC CARDS