CPI Card Group’s Card@Once® instant issuance solution achieves double-digit growth, recognition in 2018
Card@Once® experienced best quarter on record in Q4 2018
LITTLETON, CO (April 4, 2019) — 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 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.