New "green" Visa card for business cardholders

Door: Repay International  24-09-2008

London, 17 September 2008 - Visa Europe has entered a new partnership agreement with
RePay International to launch a new ‘green’ Visa card to business cardholders in industry
and Government across Europe. This follows the earlier launch of the world’s first carbon
neutral credit card – the Visa GreenCard - in the Netherlands which was successfully
introduced into the consumer market in 2004.

This new agreement means that Visa’s 4,600 member banks across Europe are able to
issue business Visa cards that offset carbon emissions as part of RePay’s ClimaCount
compensation programme. Under this programme, companies and Governments will be
supporting sustainable projects. For example, every time a payment is made with the Visa
card, the carbon emission of the product or service is established and the emission is offset
through a project such as forestry or renewable energy. ClimaCount is supported by NGO
Conservation International and the Dutch Applied Science institute TNO.

The innovative payment card is a ready-made card concept which includes full technical
back office infrastructure, meaning that member banks will not have to invest heavily in back
office functionality. All business cardholders are able to access the website to check their purchases, their carbon emissions per transaction and
the way that the emission will be offset.

Luc Janssen, Head of Visa Commercial, commented:
“At Visa Europe, we’re always striving to offer our members unique propositions that appeal
to their business customers. This new partnership means that we can offer members a
‘green’ payment capability across Europe that addresses the increasing demand for
sustainable initiatives. It is also easy for member banks to get involved as they won’t need to
invest heavily in special back office functionality, as ClimaCount has that already in place.”

Patrick Bunnik, CEO at RePay International, said:
“This agreement with Visa acknowledges the rapidly changing attitude towards “green” from
a possible threat to a great business opportunity. This new development for the business
market is one of the next steps in broadening our ClimaCount programme. RePay is fully
committed and equipped to deliver our plug and play solution to Visa members all over