CPI Card Group announced the production of the 100 millionth contactless card at its Colorado facility.
CPI Card Group has delivered contactless cards for the financial payment card issuers in the U.S. and Canada including Barclays, U.S. Bank, Capital One and others. In addition, CPI provides personalization services for mobile secure payment form factors including contactless stickers and MicroSD.
Demand for contactless cards in the financial payment card market has increased significantly over the past several years as they offer a higher level of security and protection than that available with traditional cards. For retailers or merchants, contactless cards also offer lower costs and faster transaction time.
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. Industries using contactless smart card technology include government and corporate ID cards, transit fare payment cards, passports and visas, and financial payment cards.