The push provisioning of a digital card offers higher card volume for the card issuer plus an improved cardholder experience
While cards are still more convenient for cardholders to use than other forms of payment, that could change if alternative digital payment methods (PayPal, RTP, and cryptocurrencies) are integrated into the mobile device for QR code or NFC payments. By removing the need to have a card in hand at the POS or manually enter card data online, push provisioning of a card removes most or all friction from adding cards to a mobile device or merchant website.
In a new report Payment Card Push Provisioning: A Straight Line to the Mobile Wallet and Merchant, research and advisory firm Aite-Novarica Group outlines digital issuance and push provisioning of a digital card, and why push provisioning adds value to issuers and cardholders. This report is based on Q3 and Q4 2021 interviews with seven push provisioning and digital card issuance solutions providers in the U.S. and abroad.
“Although it may be managed as one part of digital card issuance, push provisioning to a mobile wallet is not simply an extension of the digital card product,” said David Shipper, Strategic Advisor at Aite-Novarica Group and author of the new report. “Push provisioning is a stand-alone product that is key to keeping debit and credit cards relevant as payments become more mobile.”
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on LinkedIn.