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

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WEBVTT 00:00:01.592 -- 00:00:06.293 This quarter, we've continued to win share and are now serving all of the top prepaid 00:00:06.293 -- 00:00:11.195 program managers in the U.S., further strengthening our position as the center of the 00:00:11.195 -- 00:00:17.237 prepaid market and creating new opportunities to deliver our secure packaging solutions. 00:00:17.237 -- 00:00:21.479 We are making good progress with Carta on our joint pilot to launch prepaid packages 00:00:21.479 -- 00:00:25.240 with safe-to-buy chip-embedded technology at one of the largest U.S. 00:00:25.240 -- 00:00:29.943 national retailers, and we are seeing encouraging signs in the adoption of closed-loop. 00:00:29.943 -- 00:00:35.505 a market where we estimate is approximately five times the size of OpenLoop. 00:00:35.505 -- 00:00:40.266 Given our leadership position in prepaid packaging, chip-enabled solutions, and customer 00:00:40.266 -- 00:00:45.508 relationships, we believe CPI is uniquely positioned to capitalize on the prepaid market 00:00:45.508 -- 00:00:48.708 as it actions to reduce fraud. 00:00:48.749 -- 00:00:53.350 Altogether, these wins across our business are a great example of how CPI is leveraging 00:00:53.350 -- 00:00:58.412 both physical and digital payment solutions to create value for customers and drive profitable 00:00:58.412 -- 00:00:59.822 growth. 00:00:59.822 -- 00:01:05.024 Turning to slide four, let me briefly remind everyone of the foundation of our strategy. 00:01:05.024 -- 00:01:09.945 Everything we do is built around three core growth pillars, our proprietary technology 00:01:09.945 -- 00:01:14.727 platform, our marketable base of thousands of customer relationships across the payments 00:01:14.727 -- 00:01:16.307 ecosystem, 00:01:16.307 -- 00:01:20.768 and our abil...