Unifimoney to Issue Visa-branded, Contactless Second Wave™ Payment Cards Featuring a Core Made With Recovered Ocean-Bound Plastic
In celebration of World Oceans Day, CPI Card Group, a payment technology company and leading provider of credit, debit and prepaid solutions, announced a collaboration with Unifimoney Inc. to produce Visa contactless credit and debit cards featuring a core made with recovered ocean-bound plastic. Named Second Wave™, the high-quality card from CPI is EMV compliant and dual interface capable.
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According to a CPI Card Group Consumer Insights Study, 94 percent of consumers say they are concerned about the amount of plastic waste in the oceans. Additionally, 87 percent of respondents find the idea of an ocean-plastic card appealing, with 53 percent willing to switch to another financial institution if it offered such cards with the same features and benefits.
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“We estimate that for every 1 million Second Wave payment cards produced, over 1 ton of plastic will be diverted from entering the world’s oceans, waterways, and shorelines,” said Guy DiMaggio, SVP and General Manager, Secure Card Solutions, CPI Card Group.
Unifimoney has also partnered with The Ocean Foundation. Each time Second Wave™ cards are used by its customers, Unifimoney will contribute to The Ocean Foundation. Mark Spalding, President, The Ocean Foundation said, “Unifimoney’s Recovered Ocean-Bound Plastic Cards and our partnership represent a highly innovative model for helping people engage and fund issues they care about like protecting our ocean and coasts.”
Unifimoney will initially launch debit cards in Summer 2020, which are issued by UMB Bank. Doug Pagliaro, Senior Vice President, FDIC Sweep at UMB Bank, said “Being a strong community partner is one of our core values at UMB, so we’re proud to be the issuer of these environmentally friendly cards.”
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