CPI Card Group® Builds on CSR Initiatives with Global Charity Donations and Sustainable Brands® Membership
April 22 2020 - 9:03AM
Business Wire
CPI® Marks 50th Anniversary of Earth Day
with 10+ Million Recovered Ocean-Bound Plastic Second Wave™ Cards
Delivered through First Quarter 2020
CPI Card Group Inc. (OTCQX: PMTS, TSX: PMTS) (“CPI” or the
“Company”), a payment technology company and leading provider of
credit, debit and prepaid solutions, today highlighted recent steps
to support and drive its corporate social responsibility, including
contributions to local and global charities and coronavirus relief
efforts. As part of its ongoing commitment to environmental
stewardship, CPI® also continues to produce and deliver Second
Wave™ cards, made with recovered ocean-bound plastic, and has
become a part of the Sustainable Brands® Corporate
Membership Network.
Focusing on supporting local communities in which it operates,
CPI made COVID-19 related monetary contributions to organizations
in Colorado, Indiana, Minnesota, and Tennessee. Additional
donations were made to a global organization supporting both
stay-at-home support and isolation shelters in a community from
which plastic is sourced for Second Wave™ payment cards. This
donation was possible through CPI’s ongoing corporate contribution
program, in which CPI allocates a portion of the proceeds from
every Second Wave™ card sold to projects that benefit local
sourcing communities. Additional global projects supported by this
program include an initiative to help send children in the
community to school and provide them with the materials and
resources necessary to enable their education. CPI also contributed
to an organization aimed at addressing environmental conditions in
the source country.
As part of CPI’s longer-term commitment to environmental
stewardship, CPI continues to focus on the need to reduce first use
plastic and reduce plastic waste from entering the environment.
This focus inspired CPI to create Second Wave™, the first to
market, EMV® compliant, dual interface capable, high quality
payment card made with recovered ocean-bound plastic and certified
by major payment brands. Through the first quarter of 2020, CPI has
produced and delivered over 10 million Second Wave™ cards,
diverting at least an estimated 10 tons of plastic from entering
the ocean.
Additionally, CPI joined the Sustainable Brands Corporate
Membership Network to expand CPI’s sustainability network and
knowledge sources. Sustainable Brands is a premier global community
of brand innovators who are shaping the future of commerce
worldwide. The Sustainable Brands Corporate Membership Network is a
peer-to-peer community of leading and emerging brands, leveraging
social and environmental innovation to create value for their
business and build a new economy based on sustainable living.
“With Second Wave™, we hope to honor Earth Day and do our part
as a responsible corporate citizen – while offering financial
institutions and companies across various card industry segments a
way to incorporate more environmentally-friendly solutions into
their products,” said Scott Scheirman, President and CEO of CPI
Card Group . “We are excited to be a part of the Sustainable Brands
community and look forward to extending the impact of Second Wave™
and our sustainability efforts even further by continuing to
support meaningful causes.”
"It's an honor to welcome CPI Card Group aboard as our newest
member," said Darren Beck, vice president of the Corporate Member
Network for Sustainable Brands. "Like others in this peer-to-peer
network, CPI is committed to becoming a more sustainable brand—a
brand that generates positive social and environmental innovation.
Members support each other on that journey by regularly sharing
best practices and collaborating to help shift the system in which
we all operate today. CPI's leadership and unique insights are a
wonderful addition to this community and will boost our collective
impact."
To learn more about CPI’s EMV® and dual interface capable Second
Wave™ 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
media@cpicardgroup.com
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