PSCU Collaborates with CPI Card Group to Reduce Plastic Waste
On National Recycling Day, PSCU announced a collaboration with CPI Card Group Inc. (PMTS) to introduce environmentally friendly payment cards made from recycled plastic. A survey revealed that 91% of cardholders are concerned about plastic waste. The new products include CPI’s Earthwise™ card, which can contain up to 85% upcycled plastic, and Second Wave® card, created from ocean-bound plastic, expected to divert over a ton of plastic for every million cards produced. This partnership supports PSCU's sustainability efforts aimed at reducing environmental impact.
- Collaboration with PSCU enhances CPI's eco-friendly product offerings.
- Earthwise™ card can contain up to 85% upcycled plastic, appealing to environmentally conscious consumers.
- Second Wave® card diverts significant ocean-bound plastic, increasing brand reputation.
- None.
According to a CPI survey conducted by an independent research firm,
-
CPI’s Earthwise™ upcycled payment card, which is aimed at reducing first-use plastic and reusing plastic waste that might otherwise enter a landfill. The Earthwise™ Recycled PVC card can contain up to
85% upcycled plastic, depending on design. - CPI’s Second Wave® payment card is the first payment card featuring a core made with recovered ocean-bound plastic. CPI estimates more than a ton of plastic will be diverted from entering the world’s oceans, waterways and shorelines for every 1 million Second Wave® payment cards produced.
“Our goal in offering products like Earthwise™ and Second Wave® is to reduce first-use plastic in payment cards, either by diverting plastic waste from entering the world’s oceans or by using post-industrial plastic that might otherwise have entered a landfill,” said
PSCU is working to minimize environmental impact and reduce its carbon footprint where possible. The CUSO’s sustainability efforts include instituting and promoting recycling efforts, reducing consumption, reusing materials and choosing more eco-friendly products, among other initiatives.
“It is clear that financial institutions and their cardholders care about the environment and are looking to partners across the industry for help with adopting the mantra of ‘Reduce, Reuse, Recycle,’” said
About PSCU
PSCU, the nation’s premier payments CUSO, supports the success of more than 1,800 financial institutions representing more than 6.9 billion transactions annually. Committed to service excellence and focused on innovation, PSCU’s payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. Comprehensive, 24/7/365 member support is provided by contact centers located throughout
About
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20211115005203/en/
Media:
919-277-1176
LKnepper@fwv-us.com
203-682-8283
media@cpicardgroup.com
Source:
FAQ
What is the collaboration between PSCU and CPI Card Group Inc. (PMTS)?
What products are being introduced by PSCU and CPI Card Group?
When was the collaboration announced?
How much plastic can the Earthwise™ card contain?