The partnership between Arroweye and DMS Bank & Trust Ltd. was recently featured by two industry powerhouses, Finovate and Paybefore. Arroweye will provide digital on-demand debit and card production for DMS Bank & Trust, and the EMV card program is scheduled to launch in the first quarter of 2015.
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.