CPI Card Group Inc. said it entered an agreement with FitPay to combine its Adaptives embedded contactless technology with FitPay’s contactless payment device, called Flip.
Flip allows consumers to make purchases at millions of retail locations that accept contactless payments. Flip is linked to FitPay’s digital wallet, which allows consumers to store and manage funds from traditional bank accounts, bitcoin wallets and other payment sources.
“Along with the shift to contactless payments, we’re also seeing an evolution in consumers’ relationships with their wallets,” Jack Jania, vice president of product management and innovation at CPI Card Group, said in a company release. “People went from paying with cash to mostly paying with cards.”