CPI Card Group®’s Dual Interface Metal Cards Uniquely Combine High-Quality Design and Contactless Capability
January 30 2020 - 9:00AM
Business Wire
In New White Paper, CPI® Maps “The Road
to Contactless”
CPI Card Group Inc. (OTCQX: PMTS, TSX: PMTS) (“CPI” or the
“Company”), a payment technology company and leading provider of
credit, debit and prepaid solutions, today highlighted its dual
interface metal card solution, which uniquely captures two major
trends in consumer payments: metal and contactless. The Company’s
patented Encased Steel and Encased Tungsten cards feature dual
interface EMV® technology, enabling both contact and contactless
transactions to elevate the overall customer experience even
further.
CPI’s dual interface metal cards are developed to allow the
cards to overcome the design and functional limitations of
conventional metal cards – helping financial institutions unlock a
world of card design potential for metal cards with leading-edge
contactless capability. Metal cards available from CPI can feature
many of the design treatments available on plastic, such as high
definition printing and spot gloss, without having to sacrifice the
weight and gravity of a metal component. In addition, CPI’s dual
interface metal cards offer multi-directional contactless
read-ranges with the ability to communicate with a payment reader
regardless of how the card is held, maintaining consumer
convenience and a frictionless transaction at the point-of-sale.
For today’s financial institutions, offering cardholders the
sophistication of metal and the seamlessness of contactless payment
in a single card can serve as a major competitive
differentiator.
“Our dual interface metal cards represent a breakthrough in
production innovation, considering the manufacturing complexities
that must be navigated to achieve a high-functioning contactless
card that maintains a premium metal look and feel,” said Guy
DiMaggio, SVP and General Manager, Secure Card Solutions, CPI Card
Group. “We take pride in engineering solutions that ensure our
customers don’t have to settle for one trend over another. We look
forward to more financial institutions enhancing their portfolios
with contactless-capable metal cards.”
For financial institutions, the opportunity at the intersection
of metal and contactless is ripe – the number of U.S. cardholders
is projected to reach nearly 191 million by 2022, with 70 percent
of U.S. retailers already having point-of-sale terminals capable of
accepting contactless payments. In “The Road to Contactless,” a new
white paper, the Company explores the factors surrounding the U.S.
market on the cusp of a contactless payment revolution. The white
paper addresses the contactless trend thus far and what may be in
its near future, and educates financial institutions on how to
assess contactless programs of their own.
To download “The Road to Contactless,” click here.
To learn more about CPI’s dual interface metal card solutions,
click here.
About CPI Card Group®
CPI Card Group® is a payment technology company and leading
provider of credit, debit and prepaid solutions delivered
physically, digitally and on-demand. CPI helps our customers foster
connections and build their brands through innovative and reliable
solutions, including financial payment cards, personalization and
fulfillment, and Software-as-a-Service (SaaS) instant issuance. CPI
has more than 20 years of experience in the payments market and is
a trusted partner to financial institutions and payments services
providers. Serving customers from locations throughout the United
States, CPI has a large network of high security facilities, each
of which is registered as PCI compliant 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 in the U.S. and other countries
and an unregistered trademark elsewhere. The EMV trademark is owned
by EMVCo, LLC
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200130005190/en/
ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
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