CPI Card Group-Canada Inc. Selected by Ontario Lottery & Gaming Corp. as Manufacturer for First-Ever Canadian Lottery Gift Ca...
November 22 2016 - 9:00AM
Business Wire
Initial Effort of Over 2 Million Cards
Provides New Convenience to Customers, Distributing Cards Through
Gift Card Malls and Lottery Retailers
CPI Card Group (Nasdaq:PMTS) (TSX:PNT), a global leader in
financial and EMV® chip card production and related services, today
announced that CPI Card Group in Toronto, Ontario was selected by
the Ontario Lottery & Gaming Corporation (OLG) to produce more
than 2.4 million lottery gift cards. The cards are part of the
first-ever gift card program offered by a Canadian provincial
lottery corporation and one of the first such programs offered in
North America. CPI’s proven track record and success providing
high-quality product and services helped position CPI to gain the
OLG contract.
CPI will liaise directly with OLG to produce the closed-loop
gift cards as part of OLG’s efforts. Cards will be sold by more
than 8,000 lottery retail locations province-wide and are
redeemable for any lottery product, whereas those sold from gift
card malls featured within mass retail stores can be redeemed for
either LOTTO 6/49 or LOTTO MAX lottery games. In all cases, the
cards provide a brand new experience for OLG’s customers, allowing
them to share the gift of lottery while enabling gift recipients to
select and purchase their favorite lottery tickets.
“Our work for OLG demonstrates an area of CPI’s strength, which
is coordinating among many vendors to seamlessly produce and manage
a high quantity of cards,” said Steve Montross, president and CEO,
at CPI Card Group. “OLG’s new gift cards are a compelling way to
deliver a convenience to customers that didn’t previously
exist.”
More information about OLG’s gift cards is available on the
company’s website: http://www.olg.ca/lotteries/giftcards.jsp.
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, personalization,
instant issuance, fulfillment and mobile payment services. With
more than 20 years of experience in the payments market and as a
trusted partner to financial institutions, CPI’s solid reputation
of product consistency, quality and outstanding customer service
supports our position as a leader in the market. Serving our
customers from ten locations throughout the United States, Canada
and the United Kingdom, we have the largest network of high
security facilities in North America, each of which is certified by
one or more of the payment brands: Visa, MasterCard, American
Express, Discover and Interac in Canada. 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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version on businesswire.com: http://www.businesswire.com/news/home/20161122005098/en/
ICR Inc. for CPI Card GroupLaura Anderson,
203-682-8267media@cpicardgroup.com
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