MAKING A DIFFERENCE: EMPOWERING THE CONSUMER
Alex Gatiragas describes how G+D is aiming to save the world, one payment at a time When it comes to payments, Giesecke + Devrient (G+D) has seen it all. Back in the 1800s, it helped banks to print cash; now, it supports not only banks, but fintechs and an increasing number of non-financial providers, too, with everything from physical cards to mobile wallets and other digital payments. Most recently, it’s helped in the modelling of central bank digital currencies, including a project with Bank of Ghana. Whatever the payment type, its solutions provide a safe transaction environment in which customers remain in control. One of its most recent innovations, Token Cockpit, for example, is a way for account providers to remove the frustration consumers often experience in trying to keep track of card-on-file and subscription commitments. It monitors their payments so that they don’t pay unnecessary and unfair repeat charges. This same solution enabled the tokenisation of those cards-onfile, for increased online checkout security. Now, the company is addressing another of their key concerns – helping to minimise the environmental impact of their payments.
WALKING THE WALK The company signalled its commitment to protecting the planet by becoming one of 24 German businesses to participate in the United Nations’ Sustainable Development Goals Ambition Initiative in late 2020. As well as committing to reducing its own direct and indirect CO2 emissions by 25 per
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ThePaytechMagazine | Issue 12
Green promise: Environmentally friendly payments make sense for providers and the planet
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