CPI Card Group Inc. and payment solution provider Velera jointly announced that they have signed a long-term cooperation agreement, extending their two-decade-long strategic partnership.

According to the terms of the agreement, CPI will continue to serve as Velera’s primary partner in payment card manufacturing and personalization services. This renewal marks a further deepening of collaboration between the two companies and demonstrates CPI's technological strength and service quality in the payment card industry. As a leading payment technology platform in the United States, Velera’s decision to extend its partnership with CPI reflects ongoing recognition of CPI’s innovation and delivery capabilities. Both parties stated that the continuation of their cooperation will help jointly drive the iterative advancement of payment card technology, providing financial institutions and consumers with safer and more efficient payment solutions.