What is Card Management Systems?
Generally, Card Management System manages the life-cycle of a card. Cards can be – debit, prepaid, credit, physical, virtual, consumer and corporate cards.
The card life-cycle starts from generating a card - a request, an approval and issuance, after that is followed using, blocking, lost or stolen, expiry and re-issuance. Each business will have its own rules around each stage of this process.
A Card Management System (CMS) is a software system that manages and facilitates the tracking and control of the card life cycle. Usually, the system will incorporate business rules to automate and streamline the card management process.
Nets Estonia Solution
Nets Estonia offers Card Management System (CMS) to the Issuers as an additional service. We are providing standalone Card Management System in corporation with Tuum.
Our co-created Card Management System has following modules:
- Cards module
- Persons module
These modules cover all functionality Issuers need to have regarding Card Management System (products, pricelist, card order, card activation, card authorizations, clearing, reports). Integration with CMS is done via API. Issuers can integrate with their chosen core systems.
