CPI Card Group Inc. (PMTS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

This quarter, we've continued to win share and are now serving all of the top prepaid program managers in the U.S., further strengthening our position as the center of the prepaid market and creating new opportunities to deliver our secure packaging solutions. We are making good progress with Carta on our joint pilot to launch prepaid packages with safe-to-buy chip-embedded technology at one of the largest U.S. national retailers, and we are seeing encouraging signs in the adoption of closed-loop. a market where we estimate is approximately five times the size of OpenLoop. Given our leadership position in prepaid packaging, chip-enabled solutions, and customer relationships, we believe CPI is uniquely positioned to capitalize on the prepaid market as it actions to reduce fraud. Altogether, these wins across our business are a great example of how CPI is leveraging both physical and digital payment solutions to create value for customers and drive profitable growth. Turning to slide four, let me briefly remind everyone of the foundation of our strategy. Everything we do is built around three core growth pillars, our proprietary technology platform, our marketable base of thousands of customer relationships across the payments ecosystem, and our ability to deliver innovative payment solutions that evolve alongside market needs. These pillars continue to drive growth and diversification across the company, and our acquisition of TRISM instant issuance is an excellent example of that strategy in action. Turning to slide five, TRSM expands our leadership position in the attractive U.S. instant issuance market and roughly doubles our instant issuance addressable market by enabling us to serve larger financial institutions that prefer an on-premise solution. The acquisition...