CASE STUDY
SMART -BIT BANK CARDS
Securing Sensitive Card Holder Information with
IDP's SMART-Bit Foil Shredder
Background
Banks worldwide are striving to attract and retain new customers by streamlining their processes for greater ease of use. At the same time, they are focused on reducing costs.
CHALLENGE
Banks have increasingly adopted modern plastic card printers and encoders, prompting many to implement instant card issuance systems at local branches. These systems help reduce costs and enhance customer satisfaction by enabling account holders to open an account and receive their card during a single visit.
However, one challenge that arises is the proper disposal of consumables such as ink, indent, tipping, and retransfer foil ribbons after printing thousands of cards. These materials must be handled with care, as they may contain sensitive cardholder data—similar to how a typewriter ribbon can reveal written text. Proper disposal is essential to protect customer privacy and prevent potential data breaches.
SOLUTION
Hundreds of banks have chosen to implement the IDP’s SMART-Bit and SMART-Bit Foil Shredders. Renowned for their compact design and user-friendly features, these shredders provide an ideal solution for their needs. The SMART-Bit Shredder efficiently converts used printer ribbons, indent, tipping, and retransfer foils into tiny, unrecognizable pieces, ensuring that sensitive data cannot be reconstructed. (Please note that the SMART-Bit Foil is specifically designed for shredding indent, tipping, or retransfer foils.)
IMPLEMENTATION
The rollout of the SMART-Bit Shredders is simple. Employees received training on its operation, emphasizing the importance of data security and compliance. Within minutes, the shredder became an integral part of the many banks’ daily operations. Staff appreciated its lightweight design, making it easy to move around the office as needed.
CONCLUSION
The success of IDP’s SMART-Bit and SMART-Bit Foil Shredders have set a new standard for security at some of the Nation’s largest banks. By choosing a solution that combined convenience with robust security features, they transformed their approach to handling sensitive information.
Results
The impact of the SMART-Bit and SMART-Bit Foil Shredders was immediate. Banks with instant issuance systems not only lowered their liabilities but also enhanced their overall data security posture. Employees felt empowered knowing they had a reliable tool to protect sensitive information, which boosted morale and trust in the company’s commitment to privacy.
