Contis rolls out instant-issue cards for the vulnerable  

Published on: April 16, 2020
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Contis has rolled out instantissue cards to allow quick and safe access to money during the Covid-19 crisis. Through Contis’ community banking division, credit union members can now get a crisis loan approved and issued on a contactless card in minutes. No need to wait or handle cash.   

The use of cash has plummeted in recent weeks as retailers shift to contactless payments and consumers move online. Instantissue cards provide a secure solution for members. Credit unions also benefit by holding less cash on premises.  

Contis’ community banking arm, Engage, is working closely with 150 credit union partners to support the underbanked and financially excluded. New Engage current accounts can now be approved instantly, with accompanying debit cards delivered in two working days.  

Credit Unions new to Engage can set up a programme, complete training and facilitate account opening for members within two days – cutting the standard two-week setup time.     

Engage customers can also add a connected card to their account for trusted friends and family. Ideal to shop for a vulnerable person who’s self-isolating. 

Geoff Leech, MD of Engage, said: “We’re doing everything we can to help vulnerable people at this difficult time. The financially excluded rely most on cash and are hardest hit in the current climate. Quick, safe and secure access to money is essential, so we have rolled out a range of measures to get contactless cards in people’s hands as quickly as possible.”      

By: Uche Graves
Published: April 16, 2020
Categories: News

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© Copyright Contis Group Ltd 2021. Registered in England and Wales number 06499022. Contis Financial Services Ltd is authorised by the Financial Conduct Authority to issue eMoney in the UK (Firm Reference Number: 900025) and is a Principal Member of Visa Europe. In the EEA, the accounts and Visa cards are issued by UAB “Finansinės paslaugos „Contis“ who holds the electronic money institution license No. 53, dated 23-07-2019, issued by the Bank of Lithuania, and is a member of Visa.

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