Payments News

Predicted Contactless-Card Boom Remains Just That for Card Manufacturer CPI Card Group

Nov 07, 2018

Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc.

Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as contactless payments using near-field communication technology. The vast majority of current U.S. EMV credit and debit cards are of the contact-only variety, which is cheaper than dual-interface cards.

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