HID Global buys DemoTeller Deal provides new regulatory-compliant offering for financial institutions
By SSN Staff
Updated Wed July 20, 2016
AUSTIN, Texas—Identity solution provider HID Global on July 18 announced the acquisition of DemoTeller, a provider of instant issuance solutions for the financial market.
The deal will enable HID Global to “offer financial institutions a proven, regulatory-compliant solution for issuing personalized payment cards, such as a chip card, to consumers,” the company announced.
Stefan Widing, president and CEO of HID Global, said in a prepared statement that this deal marks the entry of HID into the “instant issuance market for financial institution-issued cards.”
Widing said that HID will “be able to improve the user experience with more convenience and seamless integration across hardware, software and services, providing a one-stop shop for a solution that already ties into core banking infrastructure.”
DemoTeller adds solution, installation and maintenance services to broaden HID Global's secure issuance business beyond printers and consumables, according to HID.
The DemoTeller solution will work with HID Global's printers and consumables to “give financial institutions and retailers the ability to hand a customer a personalized card that is activated, which increases the likelihood that the customer will use it immediately,” according to HID.
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