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News

Trust Bank and Thales launch Ocean Plastic card

Friday 15 December 2023 09:53 CET | News

Trust Bank has partnered with Thales to offer its customers in Singapore sustainable credit and debit cards made from recycled ocean plastic. 

 

As per the official press release, the card is built for a diverse customer base including environmentally conscious consumers. It consists of 70% Ocean Plastic from Parley for the Oceans2, making it an eco-friendly card available on the market.

Trust Bank has partnered with Thales to offer its customers in Singapore sustainable credit and debit cards made from recycled ocean plastic.

 

Thales’ Ocean Plastic payment cards are manufactured from PET, a type of plastic used in products such as single-use bottles, recovered from coastal areas. The announcement stated that each card contains the equivalent of approximately one discarded bottle that would otherwise be impacting ocean environments. 

The cards are manufactured using Thales’ technology at the Digital Identity and Security (DIS) Manufacturing Competence Centre in Singapore. The cards are also fully certified by payment schemes, complying with green manufacturing processes including the ISO 14001 and 50001 certification standards2. Thales’ processes aim to ensure that the card’s environmental impact is minimised at every stage, from resource consumption and emissions during manufacturing to waste and end-of-life disposal. 

About Trust Bank 

Trust Bank Singapore is backed by Standard Chartered Bank and the FairPrice Group. Specifically built and developed for Singapore, Trust aims to bring a new standard in digital banking to consumers, combining it with rewards on everyday living expenses at FairPrice Group’s island-wide network. 

About Thales 

Thales is a global advanced technologies provider within three domains. These include Defence and Security, Aeronautics and Space, and Digital Identity and Security. It seeks to develop products and solutions that help make the world safer, greener, and more inclusive. The Group invests close to EUR 4 billion a year in research and development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity. 

In December 2023, Thales announced that it completed the acquisition of US-based cybersecurity company Imperva. The acquisition came as a milestone for Thales, creating a global cybersecurity company with over 5,800 cybersecurity experts across 68 countries and EUR 2.4 billion in cybersecurity revenue expected in 2024, including civil and defence activities. The transaction is believed to generate increased value creation for Thales’ shareholders, aligned with the targets communicated in July 2023, when the acquisition was first announced. 

In September 2023, Thales and Intel partnered to provide data security through the CipherTrust Data Security platform, both on-premises and in the cloud. Thales' partnership with Intel combines the CipherTrust Data Security Platform with Intel Trust Authority's attestation service to ensure comprehensive end-to-end data security, focusing on data in use and workloads. 

Source: Link


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Keywords: credit card, debit card, partnership, sustainability , online security
Categories: Banking & Fintech
Companies: Thales, Trust Bank
Countries: Singapore
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