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Home»Fintech»Thames Technology opens Europe’s first metal payment card production facility
Fintech

Thames Technology opens Europe’s first metal payment card production facility

November 10, 2022No Comments3 Mins Read
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Cion Digital names Sundar Nagarathnam COO
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The primary metallic cost card manufacturing facility in Europe has been opened by Thames Expertise, certainly one of Europe’s largest retail and monetary card producers, at its headquarters in Rayleigh, Essex.

The disclosing passed off at its open day on Tuesday eighth November which was attended by over 100 clients and different business professionals in addition to a number of dignitaries from the native borough council.

The £3.5m funding made by Thames Expertise’s mum or dad firm, Paragon ID, into the brand new metallic card manufacturing facility illustrates the dedication to broaden the enterprise. This follows on from the £1.9m funding the corporate made final 12 months right into a digital card printing press which is one other first of its sort in Europe and performs an necessary position within the metallic card manufacturing course of.

The Fusion Steel Card is the primary metallic card with a twin interface to be manufactured on the new manufacturing facility. The luxurious card is produced from a pure stainless-steel core with an ultra-thin PVC layer on back and front.

The cardboard is ideal for big quantity issuance for mass prosperous market functions. Weighing in at 14 grams, it provides a reassuringly heavier really feel and cooler contact. On the similar time, its twin interface and ‘faucet on either side’ performance present nice person expertise. It’s ideally suited for any banks or card bureau suppliers wanting so as to add some magnificence and exclusivity to their monetary card portfolio.

Che Colford, Normal Supervisor at Thames Expertise, stated:
“Thames Expertise is proud to have the primary metallic cost card manufacturing facility in Europe, and that is testomony to our devoted and hardworking crew, and the continued funding by our mum or dad firm Paragon ID in new applied sciences and innovation. We’re happy to have the ability to provide our banking and monetary companies shoppers the choice to offer their premium clients with a fair better expertise.”

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Clem Garvey, Chief Govt Officer of Paragon ID, stated:
“This can be a momentous event for each Thames Expertise and the broader crew right here at Paragon ID, as we proudly grew to become the primary producers of metallic cost playing cards in Europe. This demonstrates our dedication to constantly develop and put money into our choices to at all times be certain that we offer clients with the newest modern options.”

Manufacturing of the brand new playing cards is carried out inside a brand new modular cleanroom atmosphere, limiting potential airborne particles to make sure that the playing cards should not broken at any level throughout the manufacturing course of.

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