CPI Card Group Inc. (Nasdaq: PMTS), a Littleton payments technology company specializing in secure card and digital solutions, has joined three leading industry associations in a strategic move to broaden its offerings across the finance, insurance and fintech markets. The company has joined INFiN, the National Association of Mutual Insurance Companies, and the Banking-as-a-Service Association.
These partnerships are designed to help CPI connect with both new and existing customers while keeping abreast of industry trends and discussions. Dan Molis, director of digital and business development at CPI, stated, “Partnering with these leading associations gives us an inside look at the trends, conversations and communities shaping the industries we serve and those we are exploring.” He emphasized the importance of these memberships in understanding and serving emerging customer segments.
INFiN, which represents the consumer financial services industry and was formed in 2020, seeks to promote regulatory compliance and transparency among its members. The National Association of Mutual Insurance Companies has been a significant advocate for mutual property and casualty insurance companies for over 125 years. The Banking-as-a-Service Association, which comprises various banks and fintech companies, aims to support financial institutions involved in banking-as-a-service initiatives.
Dave Mayo, founder of The BaaS Association, noted CPI’s ability to provide secure payment card solutions as beneficial to their ecosystem, particularly as BaaS platforms expand.