CPI Card Group (CPI), a global leader in financial and commercial card production, EMV cards and related services, announced today that the company has been selected by payment service provider CQR Payment Group to provide card production, personalization and encryption services for a variety of innovative CQR payment products.
Vincento Payment Solutions Ltd, part of CQR Payment Group, has worked with CPI to deliver moneto, the direct to consumer NFC prepaid mobile wallet app for the iPhone. The wallet uses MasterCard PayPass technology, DeviceFidelity's iCaisse4X case and CPI's personalized microSD technology to enable tap & go iPhone payments at nearly 500 thousand merchant locations in 41 countries. Powered by CQR's issuing, processing and acquiring technology, moneto is a truly comprehensive solution that provides the convenience, control, and flexibility of prepaid payments in a secure and mobile environment. The product will be launched in the UK later this year with other European markets to follow.
CPI also produces CQR's award winning contactless Kalixa card, a combined e-wallet and prepaid card solution, which is designed for customers who wish to shop in a secure online environment as well as being able to use the card in physical shops. The Kalixa card launched in 2009 and is currently available in the UK, Italy and Germany.
"Demand for EMV, contact and contactless payments has increased significantly over the past several years and we continue to invest and expand our capabilities to meet the needs of our clients globally," says Steve Montross, president and CEO of CPI Card Group. "The combination of CQR's innovative approach to payment processing and CPI's global experience in personalization and encryption for cards and mobile payment solutions will enable both businesses to continue to develop and grow solutions to meet market demands today and in the future."
"CPI is an award-winning pioneer of card and microSD technology for NFC-based payments in North America, helping to deliver solutions for a number of successful pilots and initiatives. It is one of the leading card personalization and encryption providers in the world," says Kamran Hedjri, chief operating officer of CQR Payment Group. "We look forward to working with CPI on our next wave of simple, secure and smart payment solutions."