[January 23, 2017] |
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CPI Card Group and Proxama Announce Strategic Relationship
Proxama PLC (AIM: PROX), the international digital and mobile commerce
company specialising in end-to-end payment solutions for card issuers
and processors, is delighted to announce a joint agreement with CPI Card
Group (Nasdaq: PMTS, TSX: PNT), a global leader in financial and EMV
chip card production and related services, to deliver innovative
financial and payments products to CPI's growing North American customer
base.
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,
fulfilment and mobile payment services, with more than 20 years of
experience in the payments market and as a trusted partner to financial
institutions. CPI Card Group and Proxama will continue to offer and
develop the most comprehensive financial solutions to meet payments and
processing customer demand in Canada and the United States.
Patrick Regester, EVP Sales and Marketing for Proxama's Digital Payments
Division commented: "We are excited to have established this
collaboration with CPI Card Group for the hosting and promotion of our
highly-regarded product suite in North America. This agreement will
enable CPI to provide best-in-class payment solutions to their extensive
customer base and to new clients, extending further the range of
products andservices that CPI is able to offer to the market."
Lane R. Dubin, Senior Vice President, Sales and Marketing at CPI Card
Group added: "We see great potential in this agreement with Proxama to
broaden our mobile and EMV-related services and offerings to meet the
dynamic and diverse needs of our customers. Our alliance with Proxama
reflects our dedication to expand our domestic and global market
presence and deliver best-in-class financial solutions."
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 (News - Alert), American Express,
Discover and Interac in Canada. Learn more at www.cpicardgroup.com.
About Proxama
Proxama is an international mobile commerce Company specialising in
proximity marketing via mobile and providing end-to-end solutions for
card issuers to migrate customers from magnetic stripe credit and debit
cards to contactless mobile payments. Proxama's digital payments
division supplies smart credit and debit cards solutions to card-issuing
financial institutions and processors in the United States, Europe,
Africa and the Middle East, and specialises in enabling the migration
from magnetic stripe cards to chip cards, and from contactless chip
cards to mobile devices. The product set behind this division is
Proxama's Digital Enablement Platform, a comprehensive suite of card and
mobile payment-enabling technologies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170123005968/en/
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