SafeNet has launched a web-based PIN issuance solution ViewPIN+.
ViewPIN+ automates the issuance and delivery process of personal identification numbers (PIN) and is designed to prevent PIN fraud and improve customer satisfaction.
Using ViewPIN+, cardholders can instantly retrieve their PIN through the card issuer's website via computer or mobile devices. This improves customer experience and loyalty to one card, as customers do not need to wait days for paper-based PIN delivery.
Sally Hudson, research director, security products and services at IDC, said: “Despite growing economic pressures and rising numbers of PIN fraud, banks and other card issuers continue to mail millions of paper letters every day containing PINs and other sensitive data to their cardholders. Sending PINs through traditional mail is costly, time consuming, unsecure, and detrimental to the environment.”