Welcome to our dedicated page for CPI Card Group news (Ticker: PMTS), a resource for investors and traders seeking the latest updates and insights on CPI Card Group stock.
CPI Card Group Inc. (Nasdaq: PMTS) is a payments technology company focused on payment cards and related digital solutions, and its news flow reflects activity across debit, credit, and prepaid markets. On this page, readers can review press releases and updates that the company issues about its operations, partnerships, acquisitions, financial performance, and technology initiatives.
Recent news has highlighted CPI’s acquisition of Arroweye Solutions, Inc., a provider of digitally driven, on-demand payment card solutions for the U.S. market, as well as the integration of CPI’s Card@Once® SaaS-based instant issuance solution with the Nymbus Core Platform. Other announcements describe a strategic partnership and minority equity investment in Karta to integrate SafeToBuy technology with CPI’s U.S. prepaid solutions, aimed at enhancing prepaid card security and connecting physical cards with mobile and online use.
Investors and industry observers can also find quarterly earnings releases, where CPI reports net sales trends, segment performance in Debit and Credit and Prepaid Debit, and commentary on factors such as tariffs, sales mix, and investments in secure card production facilities. Additional items include recognition for specialized card projects, such as the UHCU Metal Card and package being named a finalist in the Élan Awards, and updates on capital structure actions, including amendments to the company’s asset-based revolving credit facility and partial redemptions of senior secured notes.
This news feed allows users to follow how CPI Card Group pursues its strategy to grow and diversify its portfolio of payment card production, instant issuance, prepaid, and digital solutions, and how it collaborates with financial institutions, prepaid program managers, and technology partners across the U.S. payments ecosystem.
CPI Card Group (NASDAQ: PMTS) has launched its Push Provisioning service, allowing issuers to tokenize Mastercard debit and credit cards for various mobile wallets, including Apple Pay and Google Pay. This solution addresses the need for a comprehensive issuance strategy by supporting mobile payment experiences. Issuers benefit from CPI's digital infrastructure, minimizing internal resource challenges while providing a customized mobile wallet experience. The focus on mobile capabilities positions CPI competitively in the evolving payment landscape.
CPI Card Group Inc. (Nasdaq: PMTS), a leader in payment technology solutions, announced its participation in the 34th Annual Roth Investor Conference set for March 15, 2022, in Dana Point, CA. John Lowe, SVP and General Manager, Secure Card, along with Mike Salop, Head of Investor Relations, will lead investor meetings during the event. CPI specializes in providing credit, debit, and prepaid solutions, leveraging over 20 years of experience to serve financial institutions and payments service providers across the U.S. Learn more at www.cpicardgroup.com.
CPI Card Group has achieved a significant milestone by selling over 50 million eco-focused payment cards from its Earth Elements™ portfolio. This growth follows the launch of the Second Wave® payment card in 2019 and subsequent Earthwise™ cards in 2020 and 2021. The Second Wave® card utilizes recovered ocean-bound plastic, diverting over one ton of plastic for every million cards sold. The Earthwise™ cards are designed to reduce first-use PVC, with up to 98% upcycled plastic. CPI emphasizes its commitment to sustainability in the payments industry.
CPI Card Group Inc. (PMTS) reported a strong performance for 2021, with net sales increasing 20% to $375.1 million. The company's net income fell slightly by 1% to $15.9 million, while Adjusted EBITDA rose 33% to $76.4 million. The fourth quarter saw an 11% sales increase to $93.2 million, but net income plummeted 91% to $0.7 million partly due to tax benefits in the prior year. For 2022, CPI anticipates mid-single digit growth in net sales and Adjusted EBITDA, driven by demand in the Debit and Credit segments.
CPI Card Group (NASDAQ: PMTS) announced a webcast and conference call scheduled for March 8, 2022, at 9:00 a.m. ET. The call will discuss the company’s fourth-quarter and full-year financial results for 2021, which will be released prior to market opening on the same day. Key executives, including President Scott Scheirman and CFO Amintore Schenkel, will participate. Investors can access the conference via phone or online, with a replay available until March 22, 2022.
CPI Card Group has been awarded the Best Secure Environmentally Friendly Payment Card at the 2021 Élan Awards of Excellence. This recognition highlights the innovative design and eco-friendliness of their US Bank Diving Turtle Debit card, which is made with recovered ocean-bound plastic. The card's design aims to resonate with environmentally-conscious consumers, featuring vibrant turtle imagery. CPI estimates that producing one million Second Wave cards will divert over one ton of plastic from oceans. A recent survey shows 94% of consumers are concerned about ocean plastic waste.
On National Recycling Day, PSCU announced a collaboration with CPI Card Group Inc. (PMTS) to introduce environmentally friendly payment cards made from recycled plastic. A survey revealed that 91% of cardholders are concerned about plastic waste. The new products include CPI’s Earthwise™ card, which can contain up to 85% upcycled plastic, and Second Wave® card, created from ocean-bound plastic, expected to divert over a ton of plastic for every million cards produced. This partnership supports PSCU's sustainability efforts aimed at reducing environmental impact.
CPI Card Group Inc. (Nasdaq: PMTS) reported strong third-quarter financial results, with net sales increasing 20% year-over-year to $99.6 million and net income rising 14% to $6.6 million. Adjusted EBITDA jumped 23% to $21.5 million. The growth was driven by the success of contactless card solutions and new customer acquisitions, alongside ongoing demand for prepaid debit products. Despite challenges from labor shortages and supply chain issues, the company continues to focus on enhancing its offerings and improving operating efficiencies.
CPI Card Group Inc. (NASDAQ: PMTS), a leader in payment technology, will host a webcast and conference call on November 5, 2021, at 9:00 a.m. ET to discuss its third-quarter financial results. The results will be released before market opening on the same day. The call will feature President and CEO Scott Scheirman and CFO Amintore Schenkel. Participants can join via a toll-free U.S. dial-in or online. A replay will be available until November 19, 2021. For more details, visit CPI's investor website.
CPI Card Group Inc. (PMTS) has appointed Amintore Schenkel as Chief Financial Officer. Schenkel, with extensive experience at Western Union and First Data Corporation, aims to bolster CPI's financial leadership. Former CFO John Lowe has been promoted to SVP and General Manager of the Secure Card business. CEO Scott Scheirman expressed confidence in the new leadership team, citing past achievements in enhancing sales and profitability. This management change is positioned to support CPI's continued growth in the payment solutions sector.