CPI and Fiserv Partner to Overhaul Instant Card Issuance for U.S. Banks
Event summary
- CPI Card Group (PMTS) and Fiserv (FISV) have formed an alliance to modernize instant card issuance for financial institutions using CPI’s Card@Once SaaS platform.
- The partnership integrates Card@Once into Fiserv’s ecosystem of over 10,000 U.S. banks and credit unions.
- Card@Once enables simultaneous physical and digital card issuance, with seamless mobile app and digital banking integrations.
- CPI’s solution replaces Fiserv’s existing instant issuance offerings, with streamlined migration support.
The big picture
This alliance underscores the accelerating shift toward unified digital-physical card issuance in U.S. banking. As financial institutions prioritize seamless customer experiences, partnerships between fintech providers and core processors like Fiserv are becoming critical to scaling innovation. The deal also highlights CPI’s strategy of expanding its SaaS-based platform as a processor-agnostic solution.
What we're watching
- Adoption Pace
- The speed at which Fiserv’s 10,000+ financial institutions migrate to Card@Once will determine the partnership’s near-term impact.
- Competitive Response
- Whether rivals like Jack Henry or FIS Global will accelerate their own instant issuance solutions in response.
- Execution Risk
- How smoothly CPI and Fiserv manage the transition from existing systems to Card@Once without service disruptions.
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