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October 29, 2019

CPI Card expands reach of Second Wave cards

CPI Card Group has expanded its Second Wave payment cards to new industries, including transit, hospitality and entertainment, among others.

Second Wave cards are made with recovered ocean-bound plastic in an effort to cut down first-use plastic. The offering was introduced this September.

According to the company’s estimation, the manufacture of one million of these cards will divert more than one tonne of plastic from entering the oceans, waterways and shorelines.

The latest expansion is intended to offer an environmental-friendly alternative to companies across several card industry sectors.

The cards are integrated with a chip for radio-frequency identification (RFID) contactless functionality. CPI Card noted that the cards are compatible with most of the existing chip technologies and applications.

CPI Card Group vice-president of Product Management and Innovation Jack Jania said: “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.”

The company offers credit, debit and prepaid solutions. Its portfolio includes EMV, dual interface and contactless cards, wearable and non-wearable payment devices, metal cards, prepaid cards.

In addition, CPI Card’s Card@Once solution enables instant issuance via printing of cards in-branch within minutes. The solution can be used to issue magnetic stripe, EMV and dual interface debit and credit cards.

Last year, the instant issuance solution recorded more than 30% year-over-year net sales growth.

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