CPI is ready to adopt the revolutionary new chip technology

Integrating advanced chips expands payment card design options and reduces environmental impact

LITTLETON, Colo., October 16, 2024–(BUSINESS WIRE)–CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or “the Company”), a payments technology company that provides a comprehensive range of credit, debit and prepaid card solutions, fraud tools, and digital solutions, including software-as-a-service based instant issuance, is poised to produce the latest advances in payment technology with a new contactless card design featuring SECORA Pay Green from Infineon. CPI began producing sample cards in September and has an internal inventory to work with publishers on pilots of this innovative technology.

Launched today, this all-in-one technology with integrated chip and antenna enables card manufacturers like CPI to expand card design options to include features such as card shape, colored core, transparent cards and environmentally focused materials. Additionally, the chip-plus-antenna design provides contactless payment technology without the need for a separate inlay in the card structure, ultimately reducing 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 at CPI. “With this new all-in-one technology, we are ready to offer even more customized solutions to achieve our customers’ goals. This chip offers much more flexibility, from card design to environmentally focused solutions – our team is excited about the possibilities at our fingertips.

The use of the all-in-one technology extends CPI’s commitment to offering payment solutions with a lower environmental impact as it enables a reduction in carbon emissions. The all-in-one offering is a natural extension of CPI’s environmentally focused portfolio, which includes Second Wave® and Earthwise® cards. However, SECORA Pay Green is also compatible with any CPI card stock and offers the opportunity to reduce environmental impact across CPI’s product portfolio.

CPI is ready to support its customers’ sustainability and design goals with this technology and is now accepting orders to begin piloting the card with its partners. The company will offer card samples at Money 20/20, a global fintech trade show, October 27-30 in Las Vegas. For more information about CPI’s customized card solutions with SECORA Pay Green, visit https://get.cpicardgroup.com/eco-focused-suite.

About CPI Card Group^®

CPI Card Group is a payments technology company that offers a full 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 building trust, we help our customers navigate the ever-evolving world of payments, while delivering innovative solutions that create connections and support their brands. With our team of experienced, dedicated employees and our network of high-security manufacturing and card service facilities throughout the United States, we serve customers of all industries, sizes and scales. CPI is committed to exceeding our customers’ expectations, transforming our industry and improving the way people pay every day.

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Find out more at www.CPIcardgroup.com.

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Contacts

Andy Sedlak
Dix & Eaton
[email protected]
(740) 412-2189