Constellation Digital Partners announced today that it will launch a new certified service to provide instant digital issuance with its platform deployment for CFCU Community Credit Union. This innovative solution, IssueDirect®, is enabled through the strategic partnership with New Jersey-based fintech, Ciphertext Solutions, Inc.
Ciphertext’s IssueDirect service will enable CFCU to instantly issue digital payment credentials to its members during account creation and reissuance, by offering prompt access to digital payments and significantly reducing the waiting period related to the card issuance process.
Vice President of Electronic Services Jennifer Carlton-Cooper said, “Giving our members the best possible experience is our goal. Ciphertext’s IssueDirect platform is a great way to enable us to further expand member convenience with additional future capabilities including issuing payment credentials directly to mobile wallets, Click to Pay, and card-on-file merchants. We can now tailor our services to meet members’ digital payment needs.”
“Our instant digital issuance solution leads the industry in speed, security, and scalability, eliminating the 7-14 day waiting period for members to receive their payment cards. Our partnership with Constellation will create a new standard and set the bar on how credit unions choose their digital banking platform provider,” said Walter Quiroga, Chief Executive Officer of Ciphertext Solutions.
Through Constellation and the roster of credit unions planning deployment, Ciphertext has the potential to reach and benefit more credit union members, versus issuing a separate, stand-alone application. Bringing innovation through strategic collaboration is a winning strategy for credit unions and fintechs, and ultimately delivers a better experience to members.
“Constellation’s value to provide more efficient development and exponentially faster fintech innovation deployment is realized with Ciphertext,” said David Lindner, SVP of Sales and Marketing. “All credit unions who deploy on our platform will have the capability to provide IssueDirect, with confidence of data security and integration.”
To learn more about Constellation, visit www.constellation.coop. And, connect with Constellation on Twitter, Instagram (@ConstellationDP), Facebook and LinkedIn.