CPI Card Group Introduces Innovative Chip Technology
CPI Card Group Inc. (Nasdaq: PMTS), a leading provider in the payments technology sector, is thrilled to unveil its latest advancement in pay technology with a groundbreaking contactless card build that features Infineon’s SECORA Pay Green. This new technology signifies a pivotal moment in the world of card manufacturing and design. The company has successfully commenced the manufacturing of sample cards and is poised to collaborate with issuers for pilot programs.
All-in-One Technology: A Game Changer
Today's launch of this All-in-One technology integrates a chip and antenna seamlessly into the card, allowing for unprecedented design flexibility. For card manufacturers like CPI, this innovation opens the door to a multitude of card designs—everything from unique shapes to colored cores and environmentally friendly materials. Moreover, the innovative chip-plus-antenna design streamlines the production process by eliminating the need for separate inlays, ultimately reducing the overall carbon footprint of manufacturing.
Empowering Sustainability with Advanced Solutions
"SECORA’s Pay Green changes the landscape of card manufacturing," stated Toni Thompson, Executive Vice President of Debit and Credit Solutions for CPI. "With our new All-in-One technology, we’re equipped to offer tailored solutions that align perfectly with our customers’ objectives. This chip not only provides design flexibility but also supports our mission for eco-friendly innovations. Our team is genuinely excited about the endless possibilities this technology opens up for us and our clients."
Commitment to Sustainability
The integration of the All-in-One technology underscores CPI’s steadfast dedication to developing payment solutions that prioritize sustainability. This recent innovation contributes to the reduction of carbon emissions and aligns with CPI’s eco-conscious product portfolio. The company's offerings include Second Wave and Earthwise card technologies, but the SECORA Pay Green feature is versatile and can be adapted to any CPI card material. This provides an excellent opportunity to minimize environmental impacts across CPI’s entire product range.
Support for Customer Goals
CPI is eager to assist its partners in achieving their sustainability and design aspirations with this advanced technology. The company is currently taking orders to facilitate the piloting of the card. Card samples will be showcased at the upcoming Money 20/20 event, a significant global fintech trade show that attracts innovators and industry leaders.
The Future of Payments with CPI
For more information on CPI’s customized solutions featuring the SECORA Pay Green technology, stakeholders can learn more about this exciting new product offering. CPI is dedicated to transforming the payment card industry by delivering innovative products that not only meet the needs of their customers but also support an environmentally friendly future.
About CPI Card Group
CPI Card Group is a distinguished payments technology company that offers a diverse range of credit, debit, and prepaid card solutions, alongside advanced fraud detection tools and digital offerings such as Software-as-a-Service-based instant issuance. The company prides itself on cultivating strong relationships built on trust, enabling clients to navigate the dynamic payments landscape while fostering innovation. With a solid infrastructure of high-security production and card service facilities in the United States, CPI is committed to exceeding customer expectations and revolutionizing payment methods for everyday transactions. For further insights, please visit www.CPIcardgroup.com.
Frequently Asked Questions
What is the new technology introduced by CPI Card Group?
CPI Card Group introduced SECORA Pay Green, a contactless card solution that integrates a chip and antenna to enhance card design and sustainability.
How does the All-in-One technology benefit card manufacturing?
This technology reduces the carbon footprint by eliminating the need for separate inlays and offers flexibility in design options.
Is SECORA Pay Green compatible with existing CPI products?
Yes, SECORA Pay Green can be adapted to any CPI card material, enhancing the sustainability of the entire product range.
Where will CPI showcase its new card samples?
CPI will display its new card samples at the Money 20/20 event, a major global fintech trade show.
What is the focus of CPI Card Group as a company?
CPI focuses on providing innovative payment solutions while prioritizing sustainability and strong customer relationships.