ciq ciis marketing_4_gen.2015

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CubeIQ Ltd. 78 Vyzantiou St. 14234, N. Ionia, Athens Greece Tel: (+30)-210-9530242, Fax: (+30)-210-6255672 Email: [email protected] Web: www.cubeiq,gr Why bank branch card issuance? Central issuance is still the cost effective solution for many institutions in the financial market. However, there is a number of key points that drive to a remote card issuance solution: Customer relationship: Key opportunities for marketing and building customer relationships are lost in the 4-6 week between “selling” the card product and delivering the card. Card Usage: While 80% of bank customers have ATM cards, only 48% ever use them. Slippage: MasterCard™ loses of 50M+ annually; VISA™ loses 65M+ annually due to cards that are never received in the mail Key benefits of bank branch card issuance. Cards handed immediately to the customer Increased customer satisfaction Increase customer acceptance in card usage Eliminate mailing cost Minimize operating cost Increase card program visibility Provide cross sell opportunity Increased ATM usage Increase customer confidence in ATM usage Improve branch sales and marketing of card program Build stronger relationship with the customer Faster time - to - market for new products Offer better quality of service Differentiate from other retail banks Upgrade the «image» of the bank demonstrating a higher level of branch automation Why haven’t banks been doing this all along? Suitable card personalization system simply cost too much for most banks or credit card companies to put into multiple branches. Contemporary Financial card personalization machines have 1/3 of the cost of other systems without sacrificing performance. Return on investment based justification When customers were asked to estimate how much it cost to issue cards through a third party service bureau, their replies ranged from 1.60€ for an ATM to 2.60€ for debit/credit card. This estimate includes: database maintenance, personalization, customized mailers, postage, customized follow up PIN mailer, more postage and help-desk facilities provision. In comparison, for banks issuing 8 cards per day, contemporary financial card personalization machines will produce a card for just 2.52€ (calculated for Card Issuance Marketing Strategies

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Page 1: CIQ CIIS Marketing_4_Gen.2015

CubeIQ Ltd. 78 Vyzantiou St. 14234, N. Ionia, Athens Greece Tel: (+30)-210-9530242, Fax: (+30)-210-6255672 Email: [email protected] Web: www.cubeiq,gr

Why bank branch card issuance? Central issuance is still the cost effective solution for many institutions in the financial market. However, there is a number of key points that drive to a remote card issuance solution:

Customer relationship: Key opportunities for marketing and building customer relationships are lost in the 4-6 week between “selling” the card product and delivering the card.

Card Usage: While 80% of bank customers have ATM cards, only 48% ever use them.

Slippage: MasterCard™ loses of 50M+ annually; VISA™ loses 65M+ annually due to cards that are never received in the mail

Key benefits of bank branch card issuance. Cards handed immediately to the customer

Increased customer satisfaction

Increase customer acceptance in card usage

Eliminate mailing cost

Minimize operating cost

Increase card program visibility

Provide cross sell opportunity

Increased ATM usage

Increase customer confidence in ATM usage

Improve branch sales and marketing of card program

Build stronger relationship with the customer

Faster time - to - market for new products

Offer better quality of service

Differentiate from other retail banks

Upgrade the «image» of the bank demonstrating a higher level of branch automation

Why haven’t banks been doing this all along? Suitable card personalization system simply cost too much for most banks or credit card companies to put into multiple branches. Contemporary Financial card personalization machines have 1/3 of the cost of other systems without sacrificing performance.

Return on investment based justification When customers were asked to estimate how much it cost to issue cards through a third party service bureau, their replies ranged from 1.60€ for an ATM to 2.60€ for debit/credit card. This estimate includes: database maintenance, personalization, customized mailers, postage, customized follow up PIN mailer, more postage and help-desk facilities provision.

In comparison, for banks issuing 8 cards per day, contemporary financial card personalization machines will produce a card for just 2.52€ (calculated for

Card Issuance

Marketing Strategies

Page 2: CIQ CIIS Marketing_4_Gen.2015

CubeIQ Ltd. 78 Vyzantiou St. 14234, N. Ionia, Athens Greece Tel: (+30)-210-9530242, Fax: (+30)-210-6255672 Email: [email protected] Web: www.cubeiq,gr

200.000 cards per year). This includes the cost of the system, lifetime supply of ribbons, card stock, and annual service (calculation does not included integration cost). That means that a bank or credit card company accustomed to paying 4.60€ per card will realize a payback in less than 1 year.

CubeIQ solutions, products, services and expertise are helping leading banks, financial institutions and independent service providers around the world to achieve their business goals. Learn more about how CubeIQ can have a significant and positive impact on your organization’s operations.

For more information

CubeIQ Ltd. 78 Vyzantiou St. 14234, N. Ionia, Athens Greece Tel: (+30)-210-9530242, Fax: (+30)-210-6255672 Email: [email protected] Web: www.cubeiq,gr