Today, the problem of plastic pollution is well known, while the demand for plastic-based products remains high. CPI Card Group is helping to address this disparity within the card industry, where it offers cards made with recycled plastic to financial institutions. Yesterday, PSCU—the largest credit union service organization in the United States—announced that it will be partnering with CPI to offer CPI’s Earthwise upcycled payment card, which contains up to 85% upcycled plastic, and its Second Wave payment card, which features a core made from ocean-bound plastic.
CPI’s cards will support PSCU’s overall sustainability efforts, which seek to minimize the organization’s environmental impact and carbon footprint. This partnership signals an important move towards sustainability within the payments industry.
For more on this topic, see this article from gurufocus:
“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 Cody Banks, vice president of Payment & Fraud Solutions at PSCU. “PSCU is proud to play an active role in helping mitigate the payments industry’s environmental waste, and we look forward to working alongside CPI to provide more eco-focused products to our Owner credit unions and their members.’”
Overview by Laura Handly, Research Analyst at Mercator Advisory Group
