CPI Card Renews Multi-Year Service Agreement With Velera

Benzinga·03/31/2026 12:09:01

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CPI Card Group (Nasdaq: PMTS), a payments technology company and leading provider of payment cards and related digital solutions, has renewed a multi-year service agreement with Velera, the nation's premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. The agreement extends a strategic partnership spanning more than 20 years, with CPI continuing as Velera's primary partner for its payment card programs.

Velera supports more than 4,000 credit unions across North America, providing payment solutions and technology designed to help them operate securely and at scale. The renewed agreement comes as financial institutions balance modernization efforts with the need for reliable, consistent payment infrastructure that supports everyday debit and credit programs without disruption

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