CPI Card Group®’s Eco-Focused Card Recognized at the ICMA’s Élan Awards
January 20 2022 - 9:00AM
Business Wire
CPI®’s Second Wave® card for US Bank Receives
Honors as the Best Secure Environmentally Friendly Payment Card
Winner
CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a
payment technology company and leading provider of credit, debit
and prepaid solutions, today highlighted receiving honors as a
winner during the International Card Manufacturers Association’s
(ICMA) 2021 Élan Awards of Excellence. The annual awards celebrate
the pinnacle of design innovation, security and technical
achievements in the global card industry.
CPI was named a winner in the “Environmentally Friendly”
category, which recognizes payment cards that distinguished
themselves in design and development while incorporating
eco-focused materials. The US Bank Diving Turtle Debit card – a
dual interface contactless debit card featuring a core made with
recovered ocean-bound plastic – brings an eye-catching design to
appeal to a cardholder’s environmentally-conscious mindset. The
card’s turtle imagery, designed to emphasize the connection with
the ocean is captured in vibrant four-color print, while its
technically advanced functionality enables secure, contactless
payments for today’s consumers.
Featuring a core made with recovered ocean-bound plastic, Second
Wave® is an EMV® compliant and dual interface capable payment card
that enables companies to help reduce first-use plastic, while
diverting plastic from entering the ocean. CPI estimates that for
every one million Second Wave cards produced, over one ton of
plastic will be diverted from entering the world’s oceans,
waterways and shorelines. According to a CPI Card Group Consumer
Insights Study, 94 percent of consumers say they are concerned
about the amount of plastic waste in the oceans – with 87 percent
of respondents finding the idea of an ocean-plastic card appealing.
Fifty-three percent of survey respondents expressed a willingness
to switch to another financial institution if it offered such cards
with the same features and benefits.
“Our mission with our eco-focused cards has always been about
reducing the utilization of first-use plastic in payments while
elevating the cardholder experience in parallel,” said John Lowe,
SVP and General Manager, Secure Card Solutions, CPI Card Group.
“We’re thrilled to see our efforts recognized by the ICMA and look
forward to continuing our mission to design innovative,
attention-grabbing payment cards that delight consumers while
advancing the use of recycled materials in our industry.”
About CPI Card Group®
CPI Card Group® is a payment technology company and leading
provider of credit, debit and prepaid solutions delivered
physically, digitally and on-demand. CPI helps our customers foster
connections and build their brands through innovative and reliable
solutions, including financial payment cards, personalization, and
Software-as-a-Service (SaaS) instant issuance. CPI has more than 20
years of experience in the payments market and is a trusted partner
to financial institutions and payments services providers. Serving
customers from locations throughout the United States, CPI has a
large network of high security facilities, each of which is
registered as PCI compliant by one or more of the payment brands:
Visa, Mastercard®, American Express® and Discover®. Learn
more at www.cpicardgroup.com.
EMV® is a registered trademark in the U.S. and other countries
and an unregistered trademark elsewhere. The EMV trademark is owned
by EMVCo, LLC.
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ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
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