We have strong partners in the financial market who have helped us reach this unprecedented benchmark, and we will continue to lead this industry in technology and new innovation
Littleton, Colo. (Vocus) November 16, 2010
CPI Card Group, a global leader in financial and commercial card production and related services, today announced the production of the 100 millionth contactless card in its Colorado facility. Demand for contactless cards in the financial payment card market has increased significantly over the past several years. For retailers or merchants, contactless cards offer lower costs and faster transaction time. Leading financial brands such as Visa, MasterCard and Discover have adopted contactless payment technology to offer increased security, convenience and speed for consumers when making purchases. CPI Card Group is the largest global manufacturer of contactless cards and is a leader due to the investment made years ago in automated systems and contactless smart chip technology.
“We have strong partners in the financial market who have helped us reach this unprecedented benchmark, and we will continue to lead this industry in technology and new innovation,” says Benoit Guez, Director of Smart Cards & New Technologies. “We want to meet our client’s needs by providing secure, high-quality cards at a competitive price and in a quick timeframe.”
The contactless card has a higher level of security and protection than that available with traditional cards. Each transaction is unique and digitally signed, which prevents duplication and data theft. Industries using contactless smart card technology include government and corporate ID cards, transit fare payment cards, passports and visas, and financial payment cards. In addition, CPI provides personalization services for mobile secure payment form factors including contactless stickers and MicroSD.
“CPI and INSIDE Contactless share a commitment to contactless technology and have worked together over the years on many successful projects, including the first open-loop contactless payment stickers, which were powered by our MicroPass™ Platform,” said Didier Serra, executive vice president, sales, and general manager for the United States for INSIDE Contactless. “We congratulate CPI on achieving this impressive milestone and will continue working with them in the future on more exciting and innovative contactless solutions.”
CPI Card Group has delivered contactless cards for the leading financial payment card issuers in the U.S. and Canada including Barclays, U.S. Bank, Capital One and others.
About CPI Card Group
CPI, a global leader in financial and commercial card production and related services, offers a single source for card production, data personalization, security packaging, and card fulfillment services. CPI is a certified producer of products and services under the VISA, MasterCard, American Express, Discover, Interac and JCB card association brands. CPI has seven production facilities in the United States, Canada and Western Europe and offers the largest network of certified secure facilities in North America. For more information, visit http://www.cpicardgroup.com.