Marqeta Announces Rollout of Comprehensive Card Issuing Capabilities With New Credit Card Platform

 

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Thursday its expansion into the consumer credit card market to support businesses that want to launch modern credit card programs.  Marqeta revealed its credit card issuing platform completes its feature set, allowing it to power any card type through its modern card issuing platform.

“Marqeta’s API-driven credit card issuing platform will enable its customers to launch new, customized credit card products in a fraction of the time, with more flexible controls and features. Companies will have a modern credit system of record that can adjust account parameters such as rewards, APR and credit lines in real-time based on custom rules.”

The company has notably partnered with Deserve for the launch, which will provide program management services through its own feature-rich, open API platform. While speaking about the launch, stated the API-driven credit card issuing platform will enable its customers to launch new, customized credit card products in a fraction of the time, with more flexible controls and features.

“Companies will have a modern credit system of record that can adjust account parameters such as rewards, APR and credit lines in real-time based on custom rules. This past year has shown us that the future of digital payments is arriving faster than we could have anticipated, and the demand for seamless and intuitive experiences for any type of payment is not going to slow down.”

Marqeta Chief of Product, Kevin Doerr, added:

“With Marqeta’s APIs and our credit partners, like Deserve, customers can design a customized credit card program that reflects their brand experience and easily iterate with granular controls to impact credit offers, rewards, and other card features, allowing them to respond instantly to changing preferences of their user base.”

As previously reported, Marqeta claims it has re-engineered how payment cards, virtual cards, and mobile authorization products should be developed and deployed by providing a fully documented, open API issuer processor platform.

Companies can build, issue and deploy innovative payment, finance and commerce solutions with enormous control over what, where, and how purchases are authorized.

Sponsored Links by DQ Promote


 


Send this to a friend