CPI Card Group Receives U.S. Patents for Encased Tungsten Fusion Metal Card
October 17 2017 - 08:00AM
Business Wire
Patents protect Company’s new metal card, made
from heaviest weighted metal available
CPI Card Group (Nasdaq: PMTS, TSX: PMTS) (“CPI” or the
“Company”), a global leader in financial and EMV® chip card
production and related services, today announced that it has been
issued patents for its Encased Tungsten Fusion card – U.S. Patent
No. 8,857,722, U.S. Patent No. 9,117,155 and U.S. Patent No.
9,430,724. The Company has also been issued patents for the card in
Canada (No. 2,879,639) and the United Kingdom (No. GB2519046).
“Our approach to developing metal cards has always been rooted
in differentiation – helping financial institutions offer consumers
a product that is unique and stands out in the marketplace from
competitor cards,” said Lane R. Dubin, Senior Vice President of
Sales and Marketing, CPI Card Group. “Through these new patents, we
have greater protection in offering customers our Encased Tungsten
Fusion card, which brings a substantive, satisfying weight paired
with our extensive card design features and capabilities.”
The patented Encased Tungsten Fusion card features Tungsten, the
heaviest available metal, encased in PVC allowing financial
institutions to offer cardholders a colored-edge combined with
substantial weight and rigidity. Additionally, the card is nearly
double the weight of conventional metal cards, while enjoying EMV
capability and the same design customizability via CPI’s
high-quality, high-definition print technology.
“Built to Shine: 3 Ingredients for a Differentiated Metal Card
Program,” a white paper recently published by CPI, highlights the
relationship between card weight and the perception of luxury among
consumers, noting the satisfaction cardholders feel when metal
cards are removed from a wallet or purse and dropped on a
counter.
For more information about CPI Metals from CPI Card Group, click
here.
To download “Built to Shine: 3 Ingredients for a Differentiated
Metal Card Program,” click here.
About CPI Card Group
CPI Card Group is a leading provider in payment card production
and related services, offering a single source for credit, debit
and prepaid debit cards including EMV chip, personalization,
instant issuance, fulfillment and mobile payment services. With
more than 20 years of experience in the payments market and as a
trusted partner to financial institutions, CPI’s solid reputation
of product consistency, quality and outstanding customer service
supports our position as a leader in the market. Serving our
customers from ten locations throughout the United States, Canada
and the United Kingdom, we have the largest network of high
security facilities in North America, each of which is certified by
one or more of the payment brands: Visa, MasterCard, American
Express, Discover and Interac in Canada. Learn more at
www.cpicardgroup.com.
EMV is a registered trademark or trademark of EMVCo LLC in the
United States and other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20171017005300/en/
ICR Inc. for CPI Card GroupLaura Anderson,
203-682-8267media@cpicardgroup.com