Marqeta unveils new platform to allow credit card programmes

Friday 19 February 2021 12:01 CET | News

Marqeta has unveiled its expansion into the consumer credit card market to support innovative businesses that want to launch modern credit card programmes. 

The company’s credit card issuing platform completes its feature set, allowing it to power any card type through its card issuing platform. For this launch, Marqeta has partnered with Deserve, which will provide programme management services through its own open API platform.

With Marqeta’s API-driven credit card issuing platform, customers will be enabled to launch customised credit card products, with more flexible controls and features. Companies will have a modern credit system of record that can adjust account parameters including rewards, APR, and credit lines in real-time based on custom rules. The platform provides access to an intuitive dashboard to configure credit products compared to spreadsheets used for the same purpose today. Customers may instantly activate cardholders upon approval and provision cards directly into digital wallets.

In addition, the company will offer programme management services, such as underwriting, compliance, and risk management, through an ecosystem of partners. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Marqeta, cards, credit card, expansion, product upgrade, partnership, Deserve, digital wallets, cardholder
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events