18 April 2015

Austria's Raiffeisen to issue pre-paid cards derived from corn

04 October 2012  |  3248 views  |  0 credit card chip

Austria's Raiffeisen is to issue pre-paid cards made using renewable material derived from corn as part of the bank's 'Climate Protection Initiative'.

The Visa EMV cards, developed by card manufacturer Gemalto, will be available as a pre-loaded card with a pre-paid balance, and will be issued with a packaging made from recycled material.

Gemalto says the Clarista Bio Sourced payment card is easily recyclable and compostable through small scale industrial units, and reduces the global ecological footprint of the production process.

Johannes Schuster, member of the managing board of Raiffeisen Zentralbank Österreich bills the project as a "show case" for the whole Raiffeisen Group.

"Gemalto's Bio Sourced card based on the latest state-of-the-art product technology offers us a solution with all security and functionality requirements which fits perfectly with our company values, particularly with our Climate Protection Initiative," he says.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

20 July, 2012
27 January, 2012
23 January, 2012
02 March, 2009
26 September, 2008
26 November, 2007

Related company news

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6605 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6229 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6063 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4700 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4353 views 10 comments | 36 tweets | 12 linkedin

Featured job

Competitive base & commission + equity
New York City, NY, USA

Find your next job