Business
CPI Card Group® Achieves Milestone of Selling Over 90 Million Eco-Focused Payment Cards
CPI® sees continued momentum for an eco-focused card portfolio among sustainability-minded financial institutions of all sizes, including Payactiv LITTLETON,
About this update from Cpi Card Group Inc.
[{"type":"text","content":"\nCPI® sees continued momentum for an eco-focused card portfolio among sustainability-minded financial institutions of all sizes, including Payactiv\n\n\n LITTLETON, Colo.--(BUSINESS WIRE)--\nAs the world prepares to celebrate Earth Day on April 22, CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, is pleased to announce that through the end of 2022, it has sold over 90 million of its eco-focused payment cards.\n\n\nThe success of CPI’s suite of cards using upcycled plastic and recovered ocean-bound plastic demonstrates the continued momentum and demand among financial institutions and fintechs like Payactiv to adopt more eco-focused payment card products for customers and support organizational sustainability goals. In 2019, CPI signed one of the largest U.S.-based financial institutions to debut Second Wave® cards, which feature a core made with recovered ocean-bound plastic and, in March 2022 CPI announced having crossed the 50-million mark for all eco-focused payment cards sold.\n\n\n“Reaching the 90 million milestone for CPI’s card portfolio is a testament to the growing engagement among eco-conscious consumers to help protect the planet in choices both big and small. The financial services industry, along with the business community at large, is evolving in response,” said John Lowe, EVP, End-to-End Payment Solutions, CPI Card Group. “We are thrilled to serve as a payments leader and guide to financial institutions and fintechs as they align with their own sustainability goals and look forward to many more milestones to come.”\n\n\nCPI works with some of the largest names in the financial services industry, including banks, fintechs and credit unions of all sizes. Customers like Payactiv share a commitment to sustainability, and view eco-focused cards as a way to help them deliver on that commitment.\n\n\n“CPI’s eco-focus card options allow us to offer a more environmentally friendly product while helping businesses empower their employees to reach their financial wellness goals,” said Ijaz Anwar, Co-founder and COO, Payactiv. “As a Public Benefit Corporation and Certified B Corp., we are on a mission to create an impact - both for our clients and the communities we serve. We are especially thrilled to contribute to CPIs ef...