The Card Issuing Lifecycle (Design, Manufacture, Personalisation, Distribution)
Issuing a card involves multiple stages, each critical to creating a secure, functional, and branded product. The first stage, design, includes defining visual elements, branding, card functionality, and whether the card will be physical or virtual. Manufacture produces the physical card, embedding security features such as EMV chips, holograms, and magnetic stripes.
Next, personalisation adds cardholder-specific information, including the card number, name, expiry date, and CVV code. For virtual cards, personalisation involves generating unique digital identifiers and security credentials. Finally, distribution ensures the card reaches the user safely and efficiently, whether through secure delivery or instant digital activation.
Monavate streamlines the entire lifecycle by integrating physical and virtual card issuance into a single platform. Businesses and fintechs can manage design, issue cards, apply spend rules, and track usage in real time. Monavate also ensures compliance with regulatory and network standards, automating many processes that would otherwise require multiple vendors. By handling both the operational and compliance layers, Monavate transforms card issuing from a complex logistical task into a smooth, scalable process, giving businesses full control and visibility over every stage of the card lifecycle.