ANGERS, France, June 14, 2016 (GLOBE NEWSWIRE) -- Evolis, the new world leader in decentralized issuance systems of payment cards, and CPI Card Group, a global leader in financial and EMV chip card production and related services, have extended their partnership agreement to provide U.S. banks with the EMV-capable instant card issuance solution Card@Once®.
CPI Card Group and Evolis have been partnering since 2011 to provide CPI's patented instant issuance solution, Card@Once®, which has been deployed by thousands of bank branches throughout the United States.
Card issuers leveraging the Card@Once® solution can issue a fully functioning, personalized EMV debit or credit card immediately after opening a bank account or to replace a lost or stolen card. Facing the challenge of digital disruption, many financial institutions are looking to bring more innovative services into their traditional network. The in-branch personalization of payment cards allows a bank to issue a debit or credit card in a few minutes. Instant issuance has many benefits: banks achieve more operational flexibility through a decentralized solution while reducing their shipping costs, and customers benefit from fast and more convenient service.
The secured card personalization device developed by Evolis enables CPI to offer a fully managed instant issuance service that can be deployed without the need to install any software at the card issuer. Thanks to the high reliability and remote monitoring capabilities of Evolis card printers, the Card@Once® solution benefits from an unmatched uptime of 99.8%.
Facilitator for the EMV® migration process
Card@Once®, which is PCI DSS compliant, is one of the few EMV-capable instant card issuance solutions available in the U.S. market. Evolis foresees a strong growth in the demand for instant issuance solutions in the coming years, mainly driven by the current EMV card migration. Through this partnership, CPI continues to be well positioned to address the needs of card issuers.
"Consumers today expect banks and credit unions to provide products that are both convenient and cutting-edge in terms of security, which today means seamlessly building in EMV capabilities into debit and credit cards," said Troy Bernard, Director, EMV and Emerging Products at CPI Card Group. "Through our partnership with Evolis we are able to offer an instant issuance solution that raises the bar in terms of quality and reliability for our customers and the consumers they serve."
A UNIQUE POSITIONING FOR THE FRENCH SME
The French manufacturer of printing systems Evolis has recently become the worldwide leader in the decentralized instant issuance of payment cards with
50,000 systems installed in bank branches throughout the world. Ten years after its first projects in Korea, Evolis has deployed this system in 900 financial institutions throughout the world. Evolis is still addressing the banking market with the same philosophy: offering customized solutions that are marketed through a network of solution providers who are experts in banking services.
Evolis is leveraging the expertise of partners specializing in card payment personalization services, some of which are large international market players that have integrated Evolis systems in their instant issuance solutions. Thanks to the flat card personalization technology by Evolis, decentralized solutions can be deployed on a very large scale at an attractive price for banks.
INSTANT PERSONALIZATION OF PAYMENT CARDS THROUGH ATMS
The latest trend in the financial market is the instant personalization of payment cards directly issued by ATMs. Evolis has recently expanded its offer with a full range of systems dedicated to self-service applications. This range, which consists of four printing modules, covers all payment card personalization needs.
EMV is a registered trademark or trademark of EMVCo LLC in the United States and other countries.
About CPI Card Group (www.cpicardgroup.com)
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.
About Evolis (www.evolis.com)
The French company Evolis designs, manufactures and markets printing and personalization systems for plastic cards that provide all the options needed for graphic and electric personalization (magnetic stripes, contact or contactless smart cards) of all types of cards (national ID cards, payment cards, employee badges, student cards, etc.). The company has set up over 50,000 bank card customization systems throughout the world. Evolis also markets a broad range of products and services for identifying people and goods: software for customizing cards (through the cardPresso subsidiary), a complete line of card accessories (through the Sogedex Accessories subsidiary) as well as signature pads and support services. Based in Angers (France) with subsidiaries in Miami (United States), Mumbai (India), Singapore and Shanghai (China), Evolis is listed on the Paris Stock Exchange (Alternext) and earned sales of EUR 76,8 million in 2015. The company has more than 300 employees and is present in 125 countries throughout the world.
PRESS CONTACT CPI
Ross Levanto, ICR
T: +1 617-956-6739
PRESS CONTACT EVOLIS USA
T: +1 954 777 9262