CPI Card Group along with its customer Berkeley Payment Solutions has launched EMV prepaid card program in Canada.
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The new solution has been developed to meet customers’ need for higher security across the payments ecosystem.
The new offering provides access to CPI’s range of EMV chip technology, providing flexibility and choices to meet individual customer needs.
Steve Montross, president and CEO of CPI Card Group, said: "The Canadian market has already successfully migrated to EMV for financial debit and credit cards, benefiting from a significant reduction in fraud.
"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."
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By GlobalDataDave Eason, CEO of Berkeley Payment Solutions, said: "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."
