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Roughly six billion payment cards are produced annually worldwide, with 75% of gift cards still being actual physical cards.
The environmentally-friendly card material made from 76% recycled post-industrial waste, will help B4B Payments reduce the amount of plastic produced for its payment cards every year.
Paul Swinton, Chief Executive Officer at B4B Payments said:
“Whilst the adoption of virtual cards is accelerating and our range of digital solutions continues to expand, we are committed to reducing the impact of card production on the environment, by using sustainable card materials.”
When considering our role in tackling environmental challenges, it was vitally important that we could maintain the superior card quality that our clients and card holders expect, but combine it with sustainable production techniques and materials that will help us protect the environment for years to come. We are delighted that our extended partnership with Thames Technology lets us deliver that.”
As a leader in FinTech and business payments and voted the Best Prepaid Product of the Year in 2019, the extended partnership with Thames Technology allows B4B Payments to add to its cutting-edge card capability, providing more choice to its corporate customers. The card is produced using a post-industrial recycled PVC core along with degradable overlay and non-plastic components including chip and antenna for payment cards. Overall creating a sustainable payment solution that will help reduce its contribution to climate change.
Angela Davies, Head of Financial and ID Sales at Thames Technology said:
“We are delighted to be supporting B4B Payments in its mission to offer a more environmentally friendly card solution to its growing list of corporate clients. Thames Technology’s business commitment to sustainability during 2020 resulted in the launch of our Eden range; a selection of PVC alternatives ideal for both financial and retail use, so it’s extremely satisfying to see our clients embrace this.”