Agency / Source: Infineon Technologies AG

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Infineon Launches SECORA™ Pay Green The World’s First Contactless Payment Card Technology Allowing for up to 100% Reduction in Plastic Waste - Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is paving the way to a significant reduction of plastic waste and CO 2 emissions in the payment card industry - Infineon.com
Infineon Launches SECORA™ Pay Green The World’s First Contactless Payment Card Technology Allowing for up to 100% Reduction in Plastic Waste

 

PRZOOM - /newswire/ - Munich, Bavaria, Germany, 2024/10/18 - Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is paving the way to a significant reduction of plastic waste and CO 2 emissions in the payment card industry - Infineon.com. FSE: IFX; OTCQX: IFNNY

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• SECORA™ Pay Green paves the way for a more environmentally responsible future in the payment industry;
• The eco-friendly Coil-on-Module (eCoM) package allows the use of recyclable materials and a recycling share of card bodies of up to 100% while reducing CO 2 in raw material sourcing and logistics by more than 60%;
• Infineon is collaborating with major card manufacturers and payment schemes worldwide to ensure readiness.

The company today announced the launch of SECORA™ Pay Green which enables card designs allowing production of the world’s first fully recyclable contactless (dual-interface) payment card bodies based on environmentally friendly and locally sourced materials.

Activities relating to SECORA Pay Green will create the catalyst for initial pilots with issuing banks. Additionally, Infineon is partnering with leading payment card manufacturers and payment schemes in preparation for mass production. As the industry moves forward, the successful execution of first pilots will be instrumental in driving the adoption of eco-friendly payment cards.

Infineon’s SECORA Pay Green pioneers a new generation of payment card technology. Conventional payment cards require embedding a separate copper wire antenna in the card with various material layers, including inlay foils. These layers and the copper wire antenna that spans the entire card make it almost impossible to easily recycle conventional contactless payment cards. In contrast, Infineon’s new SECORA Pay Green solution sets a new standard for the recycling of dual-interface payment cards by combining the new eco-friendly Coil-on-Module (eCoM) package, which holds the security controller and all software components and integrates the contactless antenna. At the end of the card’s service life, the complete eCoM package can be removed from the card and disposed of as electronic waste. The homogeneous card body can then be recycled as plastic, wood or paper, depending on the material. The integration of the antenna also saves costs and emissions associated with the transportation and sourcing of copper wire for conventional payment cards. The new module design results in more than 60 percent savings in CO 2 emissions connected to the sourcing of raw materials and logistics. Using the innovative eco-friendly eCoM module, SECORA Pay Green reduces emissions to 27.10 kg CO 2e* per 1,000 cards manufactured compared to 90.08 kg CO 2e for standard card systems.**

“As a leading semiconductor company in power systems and IoT, Infineon is committed to driving decarbonization and digitalization,” said Thomas Rosteck, Division President Connected Secure Systems at Infineon. “Our SECORA Pay Green launch not only sets a new standard for sustainable payment cards; we are also paving the way for a more environmentally responsible future in the payment industry. By reducing CO 2 emissions and enabling easier recycling, we’re empowering financial institutions and card issuers to positively impact the environment while meeting customers’ increasing demands for eco-friendly solutions.”

“Since 2018 Mastercard and industry partners have been working together developing better, more sustainable card options. Current product offerings have proven that payment cards can be manufactured with improved recyclability from renewable sourcing,” said Joe Pitcher, Vice President Mastercard Sustainable Card Program. “We support innovations like Infineon’s SECORA Pay Green that demonstrate innovative thinking and a willingness to re-engineer products, to reduce their environmental impact. Mastercard encourages vendors to pursue more ambitious emissions reduction goals, and innovate their product portfolios, like Infineon.”

“This new Infineon chip is a game changer for the card industry,” said Toni Thompson, EVP Credit and Debit Solutions at CPI. “As a leading card producer, CPI has a long-term strategic relationship with Infineon. We’ve already begun incorporating this new chip into our wide range of card materials designed to help our clients stay top-of-wallet with their accountholders. The SECORA Pay Green chip further enables our shift towards even more eco-focused options while continuing to deliver convenience and innovation to our customers.”

“One of Perfect Plastic’s missions is to find renewable and recycled products for card manufacturing,” said Mike Sabatini, Senior Vice President Manufacturing, Perfect Plastic Printing. “Our continued partnership with Infineon has enabled us to find these alternatives for card manufacturing with minimal environmental impact and lower carbon footprint. The launch of the new SECORA Pay Green solution will let card manufacturers and banks continue issuing innovative, secured cards reducing carbon emissions during the card manufacturing process by double-digit quantities.”

SECORA Pay Green is a plug-and-play solution that can be easily implemented in existing dual-interface card manufacturing facilities, further contributing to fast adoption rates. Another feature of the eCoM module is its ability to seamlessly interact with smartphone antennas. This offers consumers several advantages, in particular high convenience and ease-of-use in tap-to-mobile scenarios. Furthermore, the solution allows a variety of sustainable card materials, like recycled PVC (rPVC), rPETG, PLA, ocean-bound plastic, wood and even paper.

Research shows that customers are increasingly drawn to financial institutions that prioritize sustainable banking practices. In fact, research shows that a significant majority of consumers prefer their bank to provide eco-friendly payment cards. Furthermore, the number of regulations and legal directives relating to environmental protection in the financial industry is increasing. According to forecasts, in 2028 the number of payment cards made of recycled rPVC will grow to around 1.2 billion cards shipped worldwide, nearly a 5-fold increase compared to 2022, when 226 million cards were shipped. (Source: ABI Research, 2023)

* Kilograms of carbon dioxide equivalent (kg CO2e), allowing for a comparison of different products’ climate impacts
**Product Carbon Footprint Report for US for CoM and eCoM, October 2024

About Infineon

Infineon Technologies AG (infineon.com) is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September).

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Infineon Technologies AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Biometric / Forensic articles,
CATCH Visitors via Your Competitors Announcements!


Infineon Launches SECORA™ Pay Green The World’s First Contactless Payment Card Technology Allowing for up to 100% Reduction in Plastic Waste

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
SECORA™ Pay Green | Infineon Technologies AG
Contact: Ulrike Mittereder - Infineon.com 
+49 89 234 43951 ulrike.mittereder[.]infineon.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infineon Technologies AG securities in any jurisdiction including any other companies listed or named in this release.

Biometric / Forensic via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Infineon Technologies AG / Company Profile


Read Biometric / Forensic Most Recent Related Press Releases:

Biosmart Granted Mastercard Letter of Approval for IDEX Pay Biometric Cards
IDEX Biometrics Brings Biometric Smart Cards to Market with Cellfie Global
Vision-Box Announces the Successful Deployment of its Seamless Border Programme At Arrivals of Princess Juliana International Airport
Fingerprint Cards Signs Global Distribution Agreement with Future Electronics
Cybereason Recognized in 2024 Gartner Market Guide for Digital Forensics and Incident Response Retainer Services
Fingerprints Unveils 4th Generation Iris Recognition Software Platform, Enhancing Zero Trust Security and AI Deepfake Protection
Nationwide Biometric Rollout by Vision-Box Set to Transform Indonesia’s Busiest Airports
Fingerprints’ Sensor Empowers Infineon's SECORA Pay Bio Solution to Enhance Convenience and Trust of Contactless Biometric Payments
NEC Launches New System Using Biometric Authentication Technology
Fingerprints Unveils All-In-One Biometric System to Strengthen Logical and Physical Access Control

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Limelon Advertising, Co.







 
  ©2005-2024 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today