What’s in your wallet: Biobased credit cards in the works

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In New York, Mastercard and credit card makers Gemalto, Giesecke+Devrient, and IDEMIA have launched a partnership to replace virgin polyvinyl chloride in credit cards with biobased materials.

“Responsible use of natural resources and protection of our climate and environment are core elements of G+D’s Corporate Responsibility policy,” says Gabrielle Bugat, head of the Financial Services Division at Giesecke+Devrient Mobile Security. “As a participant of the Greener Payment Partnership, we work on the standardization of bio-sourced materials in payment cards. It is the way to step forward to an earth-friendly solution, reducing petroleum-based materials.”

Mastercard also has a partnership with the Finnish Bank of Åland, WWF Finland, KPMG and Gemalto to develop a credit card made of renewable and biodegradable materials.