CPI Card Group, SPS Support U.S. Migration to EMV (Nov. 19, 2013)
Littleton, Colo.-based card producer CPI Card Group today announced it’s able to deliver dual-interface cards to U.S.-based financial institutions to support the ongoing market migration to EMV. By tapping the expertise of French smart card technology provider Smart Packaging Solutions (SPS), CPI Card Group has achieved high productivity and reliability for inline production and testing of dual-interface cards, according to the company.
The technology consists of embedding an SPS dual-interface module into a specially designed card containing an antenna EBooster manufactured by CPI Card Group, and the inline card production and personalization system ensures reliability and the ability to produce 5,000 cards per hour.
Visa Inc. jump-started efforts to migrate payment cards from mag stripe to the EMV standard when it announced two years ago a series of incentives to encourage merchants to upgrade their POS systems.
“Our focus is to support our customers in achieving their business goals, and our ability to deliver a state-of-the-art, robust dual-interface EMV product is testament to our commitment to provide industry-leading solutions to our customers in their migration to EMV in the U.S.,” said Steve Montross, CPI Card Group president and CEO.
