CPI Card Group® Launches Push Provisioning Service
March 23 2022 - 9:00AM
Business Wire
New Solution from CPI® Helps Issuers Unlock the
Potential of a Complementary Digital and Physical Issuance
Strategy
CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a
payment technology company and leading provider of credit, debit
and prepaid solutions, today unveiled its Push Provisioning
service. This new dynamic solution facilitates the tokenization of
a Mastercard® debit and credit card through in-app provisioning to
a large network of mobile wallets including Apple Pay®, Google
Pay™, Samsung Pay® and Click to Pay.
Issuers are recognizing the importance for some consumers of
complementing a physical card issuance strategy with a provisioning
solution that supports mobile wallet usage. CPI’s Push Provisioning
solution enables issuers to overcome internal challenges, such as a
lack of resources and limited infrastructure, to be able to offer a
mobile payment solution as part of an omni-channel experience for
cardholders.
“Some consumers view the provisioning of payment card
credentials into mobile wallets as an expected part of their
experience and an issuer’s value proposition,” said Lane Dubin, SVP
and General Manager, Prepaid, Personalization Solutions and Instant
Issuance for CPI Card Group. “Issuers need to be able to compete in
mobile arenas – not only for the revenue opportunity, but also for
the success of their overall issuance strategy. We’re thrilled to
introduce Push Provisioning to support issuers in this effort.”
With CPI as their technology partner, issuers can adopt a push
provisioning strategy that delivers a satisfying, on-demand
customer experience for cardholders. Through the Company’s robust
digital infrastructure and existing relationships, CPI frees
issuers from the complex back-end responsibilities and constant
maintenance that in-house push provisioning would otherwise
require. Issuers are able to provide cardholders with a
custom-branded mobile wallet experience, all while CPI accommodates
cardholders when they change their preferred app or mobile wallet
by constantly expanding compatibility.
To learn more about CPI’s Push Provisioning, 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
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220323005260/en/
ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
CPI Card (NASDAQ:PMTS)
Historical Stock Chart
From Mar 2024 to Apr 2024
CPI Card (NASDAQ:PMTS)
Historical Stock Chart
From Apr 2023 to Apr 2024