CPI Card Group® Brings Second WaveTM Cards to New Industry Sectors Including Transit, Hospitality and More
October 28 2019 - 9:00AM
Business Wire
Company’s Second Wave Cards, made with
Recovered Ocean-Bound Plastic, Help Multiple Card Industry Market
Segments Embrace Environmental Responsibility
CPI Card Group Inc. (Nasdaq: PMTS, TSX: PMTS) (“CPI”), a payment
technology company and leading provider of credit, debit and
prepaid solutions, today announced the introduction of Second Wave
cards for markets including transit, hospitality, entertainment and
more. The expansion of Second Wave into new use-cases and markets
empowers companies across various card industry segments to
incorporate more environmentally-friendly solutions into their
products – and offer a product that resonates with
environmentally-conscious cardholders.
First launched in September 2019, Second Wave payment cards
feature a core made with recovered ocean-bound plastic. Aimed at
reducing first-use plastic and diverting plastic waste from
entering the ocean, Second Wave now includes cards for access
applications such as travel, ticketing, lodging, entertainment and
more. Using an embedded chip that enables radio-frequency
identification (RFID) contactless functionality, Second Wave offers
a seamless cardholder experience while aligning with broader
consumer values and desires to support the environment.
“Cards are a staple in a multitude of sectors, from
transportation and travel to hospitality and entertainment. Through
Second Wave, we’re providing businesses across these industries
with a more eco-friendly alternative to cards made with first-use
plastic,” said Jack Jania, VP of Product Management and Innovation,
CPI Card Group. “We’re proud to be a leader in developing card
options that help our clients provide unique choices and support
their customers’ eco-friendly interests.”
CPI’s Second Wave access cards can support the majority of chip
technologies and applications currently in the market, empowering
companies across multiple segments of the card industry with a
simple and effective way to participate in protecting the
environment. 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. In “Payment
Industry Introduces Recovered Ocean-Bound Plastic Card,” a white
paper recently published by CPI, the company highlights just how
incorporating recovered ocean-bound plastic into card products can
combat the issue of plastic waste in oceans while supporting
organizational goals to be more environmentally conscious.
To learn more about Second Wave, visit CPI Card Group’s website
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
fulfillment, 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.
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ICR Inc. for CPI Card Group Sourav Das 203-682-8283
media@cpicardgroup.com
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