Category: Press Release

NJ.com Names Composecure 
a Winner of the New Jersey Top Workplaces 2020 Award

Somerset, New Jersey – June 30, 2020CompoSecure, L.L.C. has been awarded a Top Workplaces 2020 honor by NJ.com. The list is based entirely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous poll measures 15 unique drivers of engaged cultures that are critical to the success of any organization: including alignment, execution, and connection, just to name a few.

“Being named a top workplace in New Jersey affirms what we’ve known all along – that by committing to employees, team atmosphere and community engagement, we continue to foster a workplace where people want to work,” said Jon Wilk, CEO of CompoSecure. “This award recognizes each and every employee who plays a part in sustaining our company culture. All of us, from the production floor to the board room, feel pride in our accomplishment and our place alongside the other businesses leading New Jersey forward.”

This award demonstrates the commitment CompoSecure has to its employees and the community. As a result of that care, CompoSecure has taken every precaution to limit exposure, reduce risks and ensure the safety of employees, community and customers during the current situation with coronavirus. The company culture of empowerment and support also has given rise to employee-driven initiatives with local non-profits and deepened company-wide support for community organizations.

“In times of great change, it is more important than ever to maintain a connection among employees,” said Eric Rubino, Energage CEO. “When you give your employees a voice, you come together to navigate challenges and shape your path forward based on real-time insights into what works best for your organization. The Top Workplaces program can be that positive outcome your company can rally around in the coming months to celebrate leadership and the importance of maintaining an employee-focused culture, even during challenging times.”

 

About CompoSecure, L.L.C.

Founded in 2000, CompoSecure, L.L.C. is a pioneer and global leader in the design and manufacturing of premium financial cards. The company focuses on serving the affluent customers of credit card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers clients secure, innovative and durable proprietary products that implement leading-edge engineering capabilities and technology in both the public and private sector. The mission is to increase clients’ brand equity in the marketplace by offering card products that differentiate the brands they represent, thus elevating the traditional card transaction process to a special cardholder experience. For more information, please visit www.composecure.com. Follow us on Twitter & Instagram @composecure and also on LinkedIn.

About Energage

Energage offers a fully unified SaaS platform, plus support and professional services, to help organizations recruit and retain the right talent. As a B-Corporation founding member, Energage has committed itself to the purpose of making the world a better place to work together. Based on 14 years of culture research, the engine behind 51 Top Workplaces programs across the country, and data gathered from over 20 million employees at 60,000 organizations, Energage has isolated the 15 drivers of engaged cultures that are critical to the success of any business, and developed the tools and expertise to help organizations measure, shape and showcase their unique culture to achieve a sustainable competitive advantage. For more information, please visit energage.com. Follow us on Twitter @teamenergage and Facebook and LinkedIn @energage.

CompoSecure Names First Chief Innovation Officer

Metal card manufacturing leader invests in the future with Chief Innovation Officer

Somerset, NJ – February 25, 2020CompoSecure, L.L.C. (“CompoSecure”), a pioneer and category leader in premium financial cards, today announced Adam Lowe’s new role as chief innovation officer. Lowe brings nearly 10 years years of experience in the security and technology industry to lead the strategic vision and management for CompoSecure’s research and development department.

“For six years, Adam has been a technology driver at CompoSecure, taking an active role in the development of our contactless and dual interface solutions and he is ready to lead our innovations as we head into 2020 and beyond,” said Jon Wilk, CEO of CompoSecure. “Our first chief innovation officer reflects the company’s increased focus on technology, growth and the future.”

Lowe will oversee all phases of technical product development, from ideation to commercialization, in strong collaboration with the production and sales departments. He will provide ongoing support of existing products and lead the emerging prototype team that has grown substantially over the last two years, as well as manage the company’s patent portfolio and invention disclosure process.

Lowe has been with CompoSecure for the last six years with increasing levels of responsibilities within the R&D department, where Lowe and his team contributed to internal process improvements that drove operational efficiency. Before joining CompoSecure, he worked as a Principal Research Scientist at Syracuse Research Corporation  and as an Adjunct Fellow for the Forensic and National Security Sciences Institute at Syracuse University. Lowe holds an MBA from Cornell Johnson School of Management as well as a PhD from Cornell University, where his thesis focused on bio-nanotechnology.

 

About CompoSecure

Founded in 2000, CompoSecure is a pioneer and category leader in premium financial cards. The company focuses on serving the affluent customers of credit card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers clients secure, innovative and durable proprietary products that implement leading-edge engineering capabilities and technology in both the public and private sector. The company’s mission is to increase clients’ brand equity in the marketplace by offering card products that differentiate the brands they represent, thus elevating the traditional card transaction process to a special cardholder experience.

For more information, please visit www.composecure.com.

Payment Card Industry Veteran Joins CompoSecure as COO

New COO brings more than 25 years of industry experience to the metal card market leader

Somerset, NJ – January 15, 2020CompoSecure, L.L.C., a pioneer and global leader in the design and manufacturing of premium financial cards, today announced the appointment of Greg Maes to chief operating officer to further support the company’s long-term growth strategy. Maes brings 25 years of experience with some of the largest global card manufacturers.

“Our business has substantially increased in volume and complexity, and Greg brings the best management structure for the challenges ahead,” said Jon Wilk, CEO of CompoSecure. “Greg has spent half of his career outside the U.S. and built a strong network of customers and partners, which strengthens our international expansion. He is also committed to our company culture of inclusive teamwork, ensuring all team members thrive and operational outcomes are met and surpassed.”

Maes will report directly to the CEO and will provide day-to-day leadership and management of all company manufacturing, operations, engineering, quality and maintenance. Maes will partner with the CompoSecure Senior Leadership Team in setting and driving the organizational vision, operational strategy and hiring needs for the company.

Maes has held management and leadership positions in the card industry for more than 25 years. Most recently, he was the Global Chief Operating Officer for ABCorp, where he led the EMV and Dual interface readiness efforts and led group initiatives such as ERP or operational efficiencies across the organization. He also held operational positions for IDEMIA in Asia Pacific (Hong Kong) and Gemplus (Gemalto, now part of Thales) in Singapore and China. Maes was involved in smart card deployment (SIM cards, EMV, Dual Interface or Government ID cards) in factories, technology transfers between sites, and setup of new factories and personalization centers. Maes has a Chemistry and Physics degree from the Graduate School of Chemistry and Physics of Bordeaux, France.

About CompoSecure

Founded in 2000, CompoSecure is a pioneer and global leader in the design and manufacturing of premium financial cards. The company focuses on serving the affluent customers of credit card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers clients secure, innovative and durable proprietary products that implement leading-edge engineering capabilities and technology in both the public and private sector. The mission is to increase clients’ brand equity in the marketplace by offering card products that differentiate the brands they represent, thus elevating the traditional card transaction process to a special cardholder experience.

For more information, please visit www.composecure.com.

CompoSecure Reports Strong Growth in 2019

CompoSecure Reports Strong Growth in 2019, Predicting a 2020 Surge in Metal Cards Worldwide.

ABI Research verifies CompoSecure’s leadership of the metal card market, which is expected to grow tremendously in the coming years.

 

Somerset, NJ – January 9, 2020CompoSecure, L.L.C., a pioneer and global leader in the design and manufacturing of premium financial cards, reports strong growth in 2019 due to increased global market demand for metal cards and dual interface (EMV chip & contactless) metal cards.

“We are in the midst of an ideal situation with consumer demand rising, new markets opening up and a premium high-quality product outperforming expectations,” said Jon Wilk, CEO of CompoSecure. “As much as we are happy about our success last year, we expect demand this year for metal cards to be even stronger, because the rate of adoption and global awareness is growing exponentially.”

CompoSecure milestones achieved in 2019 include:

Market Leadership – A recent ABI Research report touts CompoSecure as “the #1 manufacturer and supplier of metal cards globally,” as well as the only large-scale manufacturer of metal cards globally. According to the Nilson Report, there are more than 32 million metal cards in circulation world-wide and forecasts that number to quadruple in the next two years.

Global Expansion – CompoSecure has tripled its global market footprint and now has distributed premium financial cards to more than 20 countries, including: Australia, Brazil, Canada, China, France, Hong Kong, India, Italy, Mexico, Japan, Poland, Russia, Singapore, Turkey, U.A.E., U.S. and U.K.

Company Growth – The staff has grown by more than 20 percent over last year and has more than tripled since 2016. The CompoSecure sales team has more than doubled since last year to meet rising demand with representatives in the U.S. and Latin America and plans to expand to other European regions in 2020.

Industry Accolades – The company won two awards for card design with the International Card Manufacturing Association’s (ICMA) Élan Awards for “Unique Innovation” and “Best Secure Payment Card.”

Social Good – CompoSecure has been recognized by two local organizations for its contributions to the New Jersey community: New Jersey Business and Industry Association (NJBIA) gave its Community Service Award and Roots & Wings awarded the company its 2019 Irene DeGrandpre Award .

“Differentiation is playing a key role in the rise of the metal cards market and metal cards are proving an integral piece to ensure a differentiated banking solution, creating more desirability, customer loyalty, and stickiness, ensuring higher levels of customer interaction and retention,” reported Phil Sealy, Research Director, ABI Research. “The metal card is here to stay. The metal card should not be considered a fashion statement, but an innovative card form factor linked to premium products and services.”

A recent CompoSecure survey conducted by Edgar, Dunn & Company showed that the market for metal cards is poised for tremendous growth. Globally, the majority (65 percent) of those surveyed would prefer metal or metal hybrid cards over plastic, if all other things being equal.  Half of consumers surveyed (50%) took their desire for metal cards further by indicating that they would leave their bank for another that offered a metal payment card.

Consumer interest, coupled with the growth and rapid adoption of contactless payment cards, points to tremendous potential for 2020 to be one of the biggest years for the growth of metal cards.

 

About CompoSecure

Founded in 2000, CompoSecure is a pioneer and global leader in the design and manufacturing of premium financial cards. The company focuses on serving the affluent customers of credit card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers clients secure, innovative and durable proprietary products that implement leading-edge engineering capabilities and technology in both the public and private sector. The mission is to increase clients’ brand equity in the marketplace by offering card products that differentiate the brands they represent, thus elevating the traditional card transaction process to a special cardholder experience.

For more information, please visit www.composecure.com.

CompoSecure Manufactures 1 Million Dual Interface Cards

New study shows that contactless payment cards are poised for global adoption

SOMERSET, N.J.–(BUSINESS WIRE)–CompoSecure, L.L.C., a pioneer and global leader in the design and manufacturing of premium financial cards, today announced that it has produced more than one million dual interface (EMV chip & contactless) metal cards. Style and innovation have come together to make these “must have” cards in the discerning consumer’s wallet. The global adoption of contactless payment cards is demonstrated in a new study by A. T. Kearney, which also points to future growth for this technology, especially in the U.S.

“This milestone secures CompoSecure’s leadership position as the number one producer of premium payment cards,” said Jon Wilk, CEO of CompoSecure. “Integrating the contactless technology into these next generation metal cards is extremely challenging. Only CompoSecure has cracked the code on supporting financial institution clients in their large-scale program launches that include metal cards. The global push for contactless cards by all of the major payment brands made this more important than ever.”

According to A.T. Kearney’s research, banks in the U.S. with contactless cards could generate an estimated $2.4 billion in incremental card-related earnings by displacing cash transactions and reducing cash handling costs over the next five years. The migration has already begun with nearly half (48 percent) of Visa transactions taking place at contactless-enabled merchant locations and the majority (70 percent) of terminals already have the necessary hardware to accept those payments.

Dual interface cards provide a new level of payment convenience, offering users the option to insert the chip or use the card’s contactless payment capabilities. These unique payment cards provide a completely frictionless user experience with no additional change in size or functionality. Available in a variety of metal card constructions, CompoSecure’s patented and patent-pending dual interface technologies offer strong performance and enhanced durability and functionality.

About CompoSecure

Founded in 2000, CompoSecure is a pioneer and global leader in the design and manufacturing of financial cards. The company focuses on serving the affluent customers of credit card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers clients secure, innovative and durable custom products that implement leading-edge engineering capabilities and technology in both the public and private sector. The mission is to increase clients’ brand equity in the marketplace by offering card products that differentiate the brands they represent, thus elevating the traditional card transaction process to a special cardholder experience.

For more information, please visit www.composecure.com.