New EMV Prepaid Solution launches to meet customers' increasing need for higher security across the payments ecosystem.
CPI Card Group, a global provider of financial and EMV chip card production and related services, announced today the launch of its first EMV Prepaid card program in Canada with its long-standing customer, Berkeley Payment Solutions.
CPI has developed its EMV Prepaid solution to better serve its customers globally as the demand for higher security across the payments ecosystem increases. The solution provides access to CPI’s broad range of EMV chip technology, providing flexibility and choices to meet individual customer needs.
“The Canadian market has already successfully migrated to EMV for financial debit and credit cards, benefiting from a significant reduction in fraud,” said Steve Montross, president and CEO of CPI Card Group. “Berkeley Payment Solutions has remained at the forefront of driving continuous innovation for its customers, and now, by extending EMV for Prepaid, truly demonstrates the company’s ability to anticipate and deliver solutions to meet the needs of its customers.”
“We are thrilled to be working with CPI to bring the first EMV prepaid cards to the Canadian market,” said Dave Eason, CEO of Berkeley Payment Solutions. “Berkeley is focused on delivering new and innovative payments products and services that meet customers’ evolving business needs in a timely and cost-effective manner. We are very excited about the opportunities this new EMV prepaid solution will provide our partners in financial services.”
“By leveraging our EMV knowledge, experience and leadership in the market, we are delighted to have been able to partner with Berkeley for the launch of their first Prepaid EMV chip card product in Canada,” concluded Montross.