CPI Card Group® Reaches Milestone of Delivering 25+ Million Contactless Second Wave® Cards
February 09 2021 - 9:00AM
Business Wire
CPI’s Contactless Payment Card Featuring a Core
made with Recovered Ocean-Bound Plastic Helps Support the
Sustainability Goals of Customers and Their Consumers
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 announced that it has
delivered over 25 million of its Second Wave® payment cards since
its launch in 2019.
Second Wave®, a Gold Stevie® Award winner, is available to
financial payment card issuers and markets including transit,
hospitality, entertainment and more. The EMV® compliant and dual
interface capable card features a core made with recovered
ocean-bound plastic, enabling companies to engage a growing market
of environmentally-conscious consumers while helping reduce
first-use plastic and divert plastic waste from entering the ocean.
The Company 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. Having produced and
delivered over 25 million Second Wave® cards through 2020, CPI has
now diverted at least an estimated 25 tons of plastic from entering
the ocean.
The success of Second Wave® enables CPI to support the
communities from which the recovered ocean-bound plastic used in
Second Wave® cards is sourced. CPI allocates a portion of the
proceeds from every Second Wave® card it sells to projects that
benefit these communities. This includes donations made to WORK,
the non-profit sister company of CPI partner First Mile. The
Company’s monetary contributions have supported COVID-19 response
efforts, helping preventative efforts that better enabled families
to shelter in place and receive access to COVID-19 treatment. CPI’s
donations also supported relocations and home improvements, as part
of an effort to ensure families within the communities we source
from could be safer and more secure ahead of hurricane season.
Additionally, the Company has contributed funds to initiatives that
provide children in the community with materials and resources to
support their education.
“We are proud to lead by example through a product that not only
demonstrates our commitment to responsible corporate citizenship –
it also gives card issuers the opportunity to join us in our
mission to divert plastic waste from entering the environment to
support their ESG goals,” said Guy DiMaggio, SVP and General
Manager, Secure Card Solutions, CPI Card Group. “It is a privilege
to support the needs of the communities where we source materials
through the success of Second Wave®. We look forward to growing the
beneficial impact of Second Wave® cards for years to come.”
To learn more about Second Wave®, 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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