6 Reasons to Choose a SaaS Software Hosting Model
Instant issuance is becoming a must-have service for financial institutions, allowing cardholders to receive new or replacement credit or debit cards directly in-branch. But before you implement your program, the most crucial decision you’ll need to make is how to host your instant issuance solution.
While you can choose between Software as a Service (SaaS) and Software for Purchase (SFP) models, the SaaS option provides significant advantages for financial institutions looking for a cost-effective, scalable, and secure solution.
Why Choose SaaS for Instant Issuance?
In this eBook, we explore the key benefits of the SaaS model over the traditional SFP approach. Discover why leading financial institutions are adopting SaaS for their instant issuance needs:
Reason #1: No Software to Purchase
With the SaaS model, you don’t need to purchase any custom-designed software or expensive servers. Cloud hosting means you simply access the software over the web.
- Lower Initial Investment: No need to purchase HSM servers or software outright.
- Cost-effective: Reduces upfront capital costs, making it affordable for institutions of all sizes.
Reason #2: The Provider Handles Program Setup
Under the SaaS model, the provider handles the entire setup process, saving you both time and money.
- No EMV Certification Hassles: Your provider has already completed the EMV certification, eliminating the need for repeated recertifications.
- Key Management Handled: The provider takes care of key management and key ceremonies, streamlining the setup and security processes.
This article is posted at cpicardgroup.com
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