CPI Card Group® and Oxygen Collaborate on Debit Cards for the Gig Economy
May 19 2020 - 9:00AM
Business Wire
Oxygen Selects CPI® to Help Deliver Sleek,
High-Design Cards for Freelance and Self-Employed Workers
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 announced a
collaboration with Oxygen, the first digital banking platform
tailored to meet the unique needs of the freelance economy. Oxygen
selected CPI to develop its first personal and business debit cards
– tapping the Company’s card manufacturing experience and advanced
print design services to create a payment product that embodies
Oxygen’s unique financial market positioning.
Oxygen provides flexible banking to the millions of U.S.
professionals who thrive on multiple income streams, contract work
and freelance gigs. The company’s solutions are available through a
mobile app that enables a fast, frictionless user experience.
Oxygen takes a holistic approach to meeting the financial services
needs of independent professionals. In CPI, Oxygen found a card
manufacturer that could create a payment solution from end to end.
CPI and Oxygen collaborated to develop two packages with clean and
crisply-designed vertical cards that arrive nested in interactive
packaging. Back-of-card personalization completes the high-end look
and feel.
“At Oxygen, we understand that the physical brand experience, –
including everything from the card design to the packaging
appearance – matters for our creative, tech-savvy clientele. With
CPI’s cost-effective scale and design strengths, we were able to
deliver a sleek card to customers in a unique, memorable fashion,”
said Hussein Ahmed, founder and CEO at Oxygen. “We are pleased to
have such a reliable secure card provider and are thrilled to offer
customers an eye-catching debit card that echoes their drive,
ambition and lifestyle.”
Through CPI’s advanced personalization capabilities and
packaging options, financial institutions can develop
differentiated card programs that deliver a premium cardholder
experience. The Company provides end-to-end support and
customizability that allow businesses to create tailored products
that bridge the digital and physical worlds for their brands.
Additionally, CPI’s innovative manufacturing approach empowers
companies to introduce exciting card designs and technology
features, which can offer a competitive edge in the pursuit of
top-of-wallet status.
“CPI and Oxygen share in being deeply customer-centric in
everything we do. We are excited to leverage our manufacturing
strengths and high-quality print and design services to achieve
debit cards that match the modern, sophisticated aesthetic of
Oxygen’s brand and its clients,” said Guy DiMaggio, SVP and General
Manager, Secure Card Solutions, CPI Card Group. “We look forward to
supporting more fintech innovators and pioneers in creating payment
cards that expand the physical aspect of their brands.”
About Oxygen
Oxygen is a digital banking platform tailored to meet the unique
needs of freelancers, digital natives, and small businesses -
providing worry-free banking solutions to the nearly 60 million
people who make up the ever-expanding U.S. gig economy. Through the
Oxygen app, users can manage everyday expenses on their Oxygen Visa
Debit Card, helping provide freedom, flexibility and
predictability. Based in San Francisco, Oxygen is backed by Runa
Capital, Y Combinator and other leading fintech investors. For more
information, visit www.oxygen.us and follow us on Instagram,
Twitter and Facebook.
Banking services are provided by The Bancorp Bank, Member FDIC.
The Visa Debit Cards are issued by The Bancorp Bank pursuant to a
license from Visa U.S.A. Inc. and may be used everywhere Visa debit
cards are accepted.
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
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.
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ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
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