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MarketBeat
MarketBeat
Business
Peter Frank

CPI Card Group’s Quiet Cash Machine Faces a Digital Reality Check

CPI MarketBeat

Remember paying with plastic? In this day of mobile payments and online shopping, CPI Card Group (NASDAQ: PMTS) certainly remembers—and its business is driving record results.

Certainly not a flashy fintech, CPI makes things you can put in your wallet: the physical debit and credit cards that banks hand to customers every day. And believe it or not, that business was booming last year as the company generated a record $543.5 million in revenue and $60 million in operating cash flow, up 37% from the year before.

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