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.
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