CPI Card Group Inc. - PMTS STOCK NEWS

CPI Card Group Inc. (NASDAQ: PMTS) announced a conference call on May 5, 2022, to discuss its first quarter financial results. The call will begin at 9:00 a.m. ET, featuring CEO Scott Scheirman and CFO Amintore Schenkel. Results will be published before markets open on the same day, with accompanying materials available on CPI's investor website. Interested participants can access the call via telephone or webcast, with replay options available until May 19, 2022.

CPI Card Group (PMTS) has announced a collaboration with Member Access Processing (MAP) to enhance the branch experience for credit unions. The partnership introduces Card@Once, an instant issuance solution enabling members to receive new or replacement debit cards within minutes at the branch. This SaaS-based solution alleviates the need for credit unions to manage traditional instant issuance infrastructure, with CPI handling IT setup and support.

The initiative aims to transform customer service in credit unions by providing quick, convenient access to financial services.

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.