Under the terms of the agreement, Byblos Bank plans to switch the banking card portfolio to Gemaltos Clarista bio-sourced payment cards within the next three years working with Gemaltos local partner Unilux Cards.
The new cards will be replacing the conventional plastic card body with renewable materials that are recyclable and compostable. The bank has already started offering the Clarista bio-sourced cards as a standard to all new cardholders, and will be switching the existing Byblos Bank debit, credit and prepaid cards to the bio-sourced alternative, as they become due for renewal. Holders of the new bio-sourced cards will be automatically enrolled in the Banks existing Card Loyalty Program.
The Gemalto EMV payment card is authorised by MasterCard and Visa.
In recent news, Netsize, a Gemalto company and an m-commerce services provider, has entered an agreement with Microsoft.
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