CPI Card Group’s Card@Once® Instant Issuance Solution Achieves Double-Digit Growth, Recognition in 2018
April 03 2019 - 9:00AM
Business Wire
Card@Once® Experienced Best Quarter on Record
in Q4 2018
CPI Card Group Inc.® (Nasdaq: PMTS, TSX: PMTS) (“CPI”), a
global leader in financial and EMV® chip card production and
related services, today highlighted the continued growth and
momentum of Card@Once® in 2018. The Company’s instant issuance
solution experienced year-over-year net sales growth of over 30
percent driven by the continued growth in its Card@Once
installation base. Meanwhile, fourth quarter 2018 net sales marked
Card@Once’s best quarter on record.
Last November, Card@Once was named a silver winner in the Best
in Biz Awards, receiving recognition as an Enterprise Product of
the Year. Card@Once’s successes last year also include an
integration with FLEX, a Salt Lake City-based core processor. The
companies announced an integration of Card@Once with FLEX’s data
processing platform, giving its credit union customers the power to
print and provide EMV®-enabled cards to branch members onsite. CPI
also announced a collaboration with Commercial Business Systems
(CBS), a provider of premium software and IT services for credit
unions. CBS’ CAMS-ii credit union accounting and management system
and Card@Once were integrated into an offering designed to
streamline instant issuance of EMV®-enabled cards for credit
unions.
“Card@Once continues to achieve significant milestones. We are
particularly proud to showcase its core integrations, exceptional
quality and easy to deploy model, as well as the best-in-class
customer service behind it,” said Lane Dubin, SVP and General
Manager, Prepaid and Instant Issuance for CPI Card Group. “We were
the first to market a SaaS-based instant issuance solution and
today, as more financial institutions seek the competitive
advantages and customer experience of instant issuance, they will
find that Card@Once is backed by years of experience, innovation
and a track record of success.”
Card@Once is a secure, compact instant card issuance solution
that is web-based, quick to implement and easy-to-use. Using the
solution, branches can respond on-site to customer requests for new
and replacement cards. Because of CPI’s Software-as-a-Service
(SaaS) instant issuance model, Card@Once customers free themselves
of the burden of maintaining any software or servers themselves –
CPI securely manages IT support and maintenance. Financial
institutions benefit from being able to instantly issue cards
in-branch, driving incremental activation rates, transactions and
interchange revenue while substantially reducing mailing and
shipping costs. According to Aite Group, more than half of all
financial institutions will offer instant issuance by 2021.
To learn more about Card@Once, 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 and dual interface,
personalization, instant issuance, fulfillment and digital payment
services. CPI has more than 20 years of experience in the payments
market and is a trusted partner to financial institutions. Our
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,
we have a large network of high security facilities, each of which
is certified by one or more of the payment brands: Visa,
Mastercard®, American Express and Discover®. 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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