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(KANSAS CITY, MO) October 2020 Lead Bank, a locally owned, award-winning financial institution committed to offering best-in-class banking products, recently launched contactless debit cards. Contactless chip cards allow users to tap their card against a reader, in addition to swiping or inserting, for faster checkout. The banking industry has had to rethink its daily operations; the exchange of funds is no different.
Lead Bank issued cards use short-term-range radio frequency identification (RFID) wireless technology, which quickly completes transactions between a payment device and a checkout terminal. Contactless cards can be used anywhere a contactless symbol is visible on the point of sale card reader. According to Visa, overall contactless usage has grown 150% since March 2019. The benefits of using contactless payments include: a faster and more convenient checkout when you're on the go, a simplified process of tapping the card on the reader and a more sanitary payment option since there is no exchange of card from one person to another. If a client opts for a standard or even a personalized contactless Lead Bank debit card, then he/she can visit a branch to request, and pick-up the new debit card in 10 minutes or less. If a client has a current Lead Bank account and would like a contactless card, he/she can request that card from a Banker and will receive it withing 7-10 days.
"We pride ourselves on being at the forefront of banking technology and being capable of bringing superior services to our clients," said Josh Rowland, CEO, and Vice Chairman of Lead Bank. "The way people bank has changed because of the pandemic, and we're changing with them. We need to make sure our clients feel safe when they bank by giving them a variety of options. Our contactless cards are just one more way we are doing banking better and meeting the needs of those we serve," Josh added.
About Lead Bank
Lead Bank is a community-minded, independent commercial bank recognized for its innovative approach to community banking and unique banking solutions that allows real people, real businesses, and their communities to thrive. Serving communities with treasury management and lending services, consumer client products, digital consumer banking, and innovative financial technology services, Lead Bank is the first choice for those looking for a future banking partner. Headquartered in Kansas City, Missouri, yet serving clients digitally throughout the United States, Lead Bank is known for being a small business advocate, having outstanding client service, and creating financial pathways for those, who in the past, have been unbankable. 2020 member of the Global Alliance for Banking on Values (GABV), an international network of banking leaders worldwide committed to advancing positive change in the banking sector. For additional information, call (816) 220.8600 or visit http://www.lead.bank/.