The Time is Now: CPI is Ready to Deploy Revolutionary New Chip Technology
October 16 2024 - 3:01AM
Business Wire
Incorporating advanced chips will expand
payment card design options and reduce environmental impacts
CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or “the Company”), a
payments technology company providing a comprehensive range of
credit, debit, and prepaid card solutions, fraud tools, and digital
solutions including Software-as-a-Service-based instant issuance,
is ready to produce the latest advancement in pay technology with a
new contactless card build featuring Infineon’s SECORA Pay Green.
CPI began manufacturing sample cards in September and is ready with
inventory in-house to work with issuers on pilots of this
innovative technology.
Launched today, this All-in-One technology with an integrated
chip and antenna, allows card manufacturers like CPI to expand card
design options for features like card shape, colored core, clear
cards and eco-focused materials. Additionally, the
chip-plus-antenna design offers contactless payment technology
without the need for a separate inlay within the card build,
ultimately decreasing the card’s carbon footprint.
“SECORA’s Pay Green advances the way cards are built today,”
said Toni Thompson, Executive Vice President of Debit and Credit
Solutions for CPI. “With this new All-in-One technology, we are
ready to provide even more tailored solutions to meet our
customers’ goals. This chip offers much more flexibility, from card
design to eco-focused solutions – our team is energized by the
possibilities at our fingertips.”
Utilizing the All-in-One technology expands upon CPI’s
commitment to providing payment solutions with lower environmental
impacts, as it enables a reduction in carbon emissions. The
All-in-One offering is a natural extension of CPI’s eco-focused
portfolio that includes Second Wave® and Earthwise® cards. However,
SECORA Pay Green is also compatible with any CPI card material,
providing the opportunity to reduce environmental impacts across
CPI’s entire portfolio of products.
CPI is ready to support its customers’ sustainability and design
goals with this technology and is now accepting orders to start
piloting the card with its partners. The company will have card
samples available at Money 20/20, a global fintech trade show, from
Oct. 27-30 in Las Vegas. For more information about CPI’s
customized card solutions with the SECORA Pay Green, visit
https://get.cpicardgroup.com/eco-focused-suite.
About CPI Card Group®
CPI Card Group is a payments technology company providing a
comprehensive range of credit, debit, and prepaid card solutions,
fraud tools, and digital solutions including
Software-as-a-Service-based instant issuance. With a focus on
building personal relationships and earning trust, we help our
customers navigate the constantly evolving world of payments, while
delivering innovative solutions that spark connections and support
their brands. We serve clients across industry, size, and scale
through our team of experienced, dedicated employees and our
network of high-security production and card services facilities –
located in the United States. CPI is committed to exceeding our
customers’ expectations, transforming our industry, and enhancing
the way people pay every day.
Learn more at www.CPIcardgroup.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241015089348/en/
Andy Sedlak Dix & Eaton media@cpicardgroup.com (740)
412-2189
CPI Card (NASDAQ:PMTS)
Historical Stock Chart
From Dec 2024 to Jan 2025
CPI Card (NASDAQ:PMTS)
Historical Stock Chart
From Jan 2024 to Jan 2025