CPI Card Group announced a new integration with Nymbus, a cloud‑native core banking platform that serves community banks and credit unions, to deliver instant card issuance directly from branch printers. The partnership embeds CPI’s Card@Once SaaS solution into Nymbus’s API‑first architecture, allowing financial institutions to print, activate, and deliver debit cards to customers in minutes without a separate card‑production facility.
The integrated solution supports PIN‑based transactions, mobile banking, IVR, and in‑branch PIN entry, giving banks a turnkey, end‑to‑end experience. CPI’s Card@Once has grown to more than 17,000 installations across more than 2,000 institutions, and the new Nymbus integration is expected to accelerate adoption of instant issuance across the sector by making the technology available within the core platform that banks already use for daily operations.
CPI’s strategy has focused on converting its card‑production expertise into a recurring revenue model. The Arroweye acquisition in May 2025 added on‑demand card‑printing capabilities, and the Nymbus partnership extends the reach of the Card@Once platform into new customer segments. In Q1 2025, CPI reported net sales of $122.8 million, up 10% from the prior year, while Q2 and Q3 sales rose 9% and 11% respectively to $129.8 million and $138.0 million. Net income, however, fell from $4.8 million in Q1 to $0.5 million in Q2 before recovering to $2.3 million in Q3, reflecting integration costs and a shift in the mix of revenue streams. Adjusted EBITDA grew from $21.2 million in Q1 to $22.5 million in Q2 and $23.4 million in Q3, but the company has revised its 2025 outlook to low double‑digit to mid‑teens growth in net sales and mid‑to‑high single‑digit growth in Adjusted EBITDA, citing margin pressures from tariffs and higher production costs.
Rob Dixon, Senior Vice President of Digital and Business Development at CPI, said the partnership “brings together CPI’s proven instant issuance technology and Nymbus’ modern, cloud‑based core platform to empower financial institutions to deliver faster, more efficient service.” Brandon Petersen, Vice President of Payments and Card Solutions at Nymbus, added that the collaboration “underscores our mission to modernize banking experiences and equip institutions with technology that drives growth and customer satisfaction.”
The instant‑issuance trend is gaining traction as banks seek to reduce customer wait times and improve retention. By integrating with Nymbus, CPI positions itself ahead of competitors that lack a native core‑banking partnership, potentially capturing a larger share of the growing instant‑card market. However, the company’s recent financial results highlight the challenges of scaling while managing cost inflation and integration expenses, underscoring the importance of disciplined execution as it expands its SaaS footprint.
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