Sleek metal payment cards designed to convey affluence are still in vogue, even as in-app and device-based contactless payment volume steadily grows and many card issuers are opting for cards made of recycled plastic, compostable materials and wood to minimize environmental impact.
But a leading U.S. maker of metal payment cards is betting on future demand for a new breed of metal cards containing additional technology to authenticate users for special and high-risk transactions, as payment card fraud continues to plague issuers and merchants.
“People have been predicting the demise of payment cards for years, but we think metal cards can be used in new ways with technology to make payments more secure,” said Jon Wilk, CEO at Somerset, New Jersey-based CompoSecure, founded in 2000 to manufacture metal payments cards for high-end credit card customers.
Read the full article: Are tech-enhanced metal payment cards better for security?
