CPI Card Group Renews Agreement with PSCU
October 10 2018 - 9:00AM
Business Wire
CPI to continue serving as card manufacturer
for nation’s premier payments CUSO
CPI Card Group Inc. (Nasdaq: PMTS,
TSX: PMTS) (“CPI”), a global leader in financial and EMV® chip card
production and related services, today announced that it has
renewed its agreement with PSCU, the nation’s premier payments
credit union service organization (CUSO). As such, CPI will
continue to serve as PSCU’s primary manufacturer for its payment
card needs.
PSCU provides a comprehensive, highly integrated suite of
payment solutions to nearly 900 credit unions across the country to
optimize their member experience. CPI has served as PSCU’s trusted
partner for its card manufacturing needs for 15 years, supporting
the CUSO as it delivers best-in-class, end-to-end solutions to
credit unions. As U.S. financial institutions grappled with the
migration to EMV over the last decade, CPI’s expertise in chip card
manufacturing helped PSCU become one of the first to issue credit,
debit and prepaid EMV cards in the credit union market. Considering
CPI’s depth and leadership as a manufacturer of dual interface
cards, the companies’ relationship will similarly aid PSCU in
preparing its Owner credit unions for the predicted growth of
contactless card payments.
“Our long-standing relationship with PSCU is a testament to a
shared commitment to service excellence, and a deep understanding
of our clients’ needs,” said Jason Bohrer, SVP and General Manager,
Secure Card Solutions for CPI. “We are pleased to continue serving
as PSCU’s primary payment card manufacturer and look forward to
making it possible for PSCU to equip credit unions with solutions
to keep pace with an evolving payments landscape.”
“PSCU has a history of being fast to market with emerging
technologies and is dedicated to evolving its model and making
strategic investments to meet the changing needs of credit unions
and their members,” said Jeremiah Lotz, VP of Product
Management at PSCU. “CPI enables us to continue leading the charge
in bringing innovation to the credit union market. With new trends
like contactless payments on the horizon, this relationship will be
pivotal in enhancing our Owners’ readiness.”
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 and dual interface,
personalization, instant issuance, fulfillment and digital 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 locations throughout the United States
and Canada, 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.
About PSCU
PSCU is the nation’s premier payments CUSO. Committed to service
excellence and focused on innovation, PSCU offers a comprehensive,
highly integrated suite of traditional and digital payments
solutions for credit unions to optimize their member experience.
Leveraging digital technology, PSCU supports the success of
nearly 900 Owner credit unions representing over
20 million accounts through secure, best-in-class solutions
including payment processing, risk management, analytics, loyalty
programs, digital banking, marketing, strategic consulting and
mobile platforms. Comprehensive, 24/7/365 member support is
delivered by contact centers located throughout the United
States. The origin of PSCU’s model is collaboration and scale,
and the company has leveraged its influence on behalf of credit
unions and their members for more than 40 years. For more
information, visit pscu.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: https://www.businesswire.com/news/home/20181010005184/en/
ICR Inc. for CPI Card GroupLaura Anderson,
203-682-8267media@cpicardgroup.com
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