Arroweye Solutions, a card marketing and production company, has been awarded a patent for its digital on-demand technology. The patent protects Arroweye’s vertically integrated, digital on-demand model and the technology that enables the company to manufacture, personalize and encode payment cards.
Fifty-four percent of those 2014 breaches related to identity theft; 17 percent to financial access; and 11 percent to account access. And in that year, 32 data records were lost or stolen every second—averaging out to almost 2.8 million a day. In a world of widespread breaches, card issuers must look at reissuance as an opportunity.