CPI Card Group® Crosses 50 Million Mark for Eco-Focused Payment Cards Sold
March 09 2022 - 9:00AM
Business Wire
CPI®’s Suite of Upcycled Plastic and
Recovered Ocean-Bound Plastic Cards Helps Support the
Sustainability Goals of Financial Institutions and FinTechs
CPI Card Group Inc. (Nasdaq: PMTS)
(“CPI” or the “Company”), a payment technology company and leading
provider of credit, debit and prepaid solutions, today announced
that it has sold over 50 million of its eco-focused payment cards.
This significant milestone for its Earth Elements™ portfolio
showcases the momentum that started with the launch of CPI’s Second
Wave® payment card in 2019, followed by the introductions of the
Earthwise™ recycled PET-G Card and Earthwise™ recycled PVC Card in
2020 and 2021, respectively.
“Developing the Earth Elements™ payment card portfolio has been
one of our proudest accomplishments at CPI, as it represents a
whole new way of thinking about payment cards,” said Terra
Grantham, VP, Strategy and ESG, CPI Card Group. “Through our
efforts, we’ve broadened the availability of eco-focused materials
that are available for the card market and put a spotlight on the
environmental concerns that consumers and card issuers share.
Reaching this milestone of having sold over 50 million payment
cards validates those efforts. The whole team is looking forward to
continuing our work and growing our opportunities to make a
positive impact with these products.”
Second Wave®, a Gold Stevie® Award winner, is available to
financial payment card issuers and markets including transit,
hospitality, retail and more. The EMV® compliant and dual-interface
capable card features a core made with recovered ocean-bound
plastic, allowing companies to engage the growing market of
environmentally-conscious consumers while also helping reduce
first-use plastic and divert plastic waste from entering the ocean.
The Company estimates that for every one million Second Wave® cards
sold, over one ton of plastic will be diverted from entering the
world’s oceans, waterways and shorelines.
The Earthwise™ recycled Polyethylene terephthalate glycol
(rPET-G) card, also a Gold Stevie® Award winner, is available to
issuers across card industry segments, from financial institutions
to fintechs. The high content card is the first payment card made
with up to 98 percent upcycled plastic, depending on design, that
is EMV® compliant and dual-interface capable. The Earthwise™ rPET-G
card is aimed at reducing first-use PVC in payment cards by using
plastic waste that might otherwise end up in a landfill. The second
Earthwise™ recycled Polyvinyl Chloride (rPVC) card from CPI
features up to 85 percent upcycled PVC. The card is also EMV®
compliant and dual-interface capable, enabling both contact and
contactless payment.
“We applaud our customers and partners for helping us bring
greater environmental responsibility to the payments industry and
making this milestone possible,” added Grantham.
To learn more about CPI’s Earth Elements® portfolio of
eco-focused payment cards, click here.
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
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