The product provides automation, monitoring, and optimizing of Credit Card Issuance process actions and integration with bank systems, evaluators, compliance, legal and third parties to avoid manual work.
Banks create credit cards for new and existing customers giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made and borrowing limits are preset according to the individual's credit rating.
