CPI certified to extend Visa chip card lifespan to 12 years

CPI Card Group, a provider of EMV chip cards and related services, has been certified by Visa to extend the maximum market life of Visa EMV cards to 12 years, a CPI press release announced.

"Payment card issuers and their technology partners invest heavily in their EMV-enablement platforms," said Steve Montross, president and CEO of CPI Card Group. "Each time a chip expires, another investment is required. CPI is pleased to be a first mover in earning certification for longer-life chip cards."

According to the release, the cards capitalize on CPI's ability to adopt the newest technologies by sourcing EMV chips from a large number of suppliers while not being bound by proprietary chip operating systems and payment applets.

CPI provides contact and dual-interface EMV solutions for debit, credit, and prepaid running on Java Card, Multos or native operating systems.