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CPI renews multi-year strategic partnership with Velera

Wednesday, April 01, 2026 — 16:48:49 (UTC)

CPI Renews Multi-Year Strategic Partnership with Velera

Renewed agreement extends more than 20 years of collaboration, helping credit unions maintain strong, top-of-wallet card programs

LITTLETON, Colo., March 31, 2026--(BUSINESS WIRE)--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.

“Our credit unions rely on payment solutions that help them remain relevant and competitive for their members,” said Cody Banks, SVP, Product Experience & Enablement at Velera. “For more than two decades, we’ve trusted CPI to support our needs. Extending this relationship helps our credit unions maintain strong, top-of-wallet offerings for the members they serve.”

Through the renewed agreement, CPI will support Velera’s financial institutions, continuing long-term consistency across debit and credit portfolios and giving credit unions confidence as they plan and manage their portfolios.

“Our collaboration with Velera reflects a shared focus on quality, scale and long-term value for Velera and the credit unions they support,” said Peggy O’Leary, Chief Commercial Officer at CPI. The renewed agreement underscores the role of long-term collaboration in helping credit unions deliver reliable, trusted payment programs that support member engagement and everyday spending.

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Source: Company press release.

Categories: Partnership