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Chesapeake Bank develops system for instant virtual debit card issuance
By
Kate Fitzgerald
Chesapeake Bank develops system for instant virtual debit card issuance
Although digital debit cards are not uncommon, Chesapeake Bank had trouble finding a ready-made way to issue virtual Visa cards to customers who wanted to use them immediately.
To remedy the situation, the Kilmarnock, Virginia-based bank worked with its technology vendors to develop a new process for instantly issuing an additional virtual Visa debit card number to existing customers, the $1.3 billion-asset bank announced this month.
Chesapeake Bank customers now have the option to go online or to the bank's mobile app to request an instant virtual Visa-branded debit card connected to their checking account. The card can be used online or at the point of sale if the virtual card is enrolled in a digital wallet like Apple Pay or Google Pay, said D.J. Seeterlin, chief innovation strategy officer for the 16-branch bank.