Marqeta launches new bank card platform

Marqeta (NASDAQ:MQ), a world fashionable card issuing platform, right this moment launched its new bank card issuing platform, including intuitive bank card program administration instruments and making a one-stop store for launching client and business credit score packages.

With this launch, manufacturers can create a brand new customary for bank cards that encourage higher buyer loyalty with customized rewards, utterly proudly owning the expertise for his or her prospects from end-to-end.

Marqeta’s expanded credit score providing cements the platform as a whole resolution for embedded finance, capable of help any card sort and any format, all from the identical platform. It would enable prospects to construct bank card merchandise which can be modern, customized and designed to spice up cardholder engagement, unburdening prospects from the necessity to work with cumbersome legacy know-how or patch collectively options throughout distributors.

By means of Marqeta, prospects won’t should construct bank cards with black field legacy infrastructure or from a patchwork of various options. As an alternative, via one single, fashionable tech stack that has been confirmed at scale, they’ll construct out a credit score product intently tailor-made to the wants of client and business cardholders and embed the experiences instantly inside their current internet and cell apps.

Marqeta’s platform is focused primarily at fintechs and non-financial providers corporations, providing them the next advantages:

  • Marqeta allows manufacturers to personal the complete expertise by embedding a bank card into their very own digital expertise, permitting them to extend general buyer engagement with their product.
  • Marqeta’s bank card platform permits prospects to redefine how they construct buyer loyalty. The corporate’s next-generation customized rewards engine will assist its prospects construct reward packages that adapt to cardholder desire, or for business playing cards, assist prospects reinvest again within the enterprise with personalized rewards classes.
  • By means of Marqeta, prospects can tailor card merchandise to intently match buyer wants. They’ll entry real-time knowledge to achieve cardholder insights and assist them tailor their merchandise, set spend controls that decide how a card can be utilized, and simply generate playing cards for brand spanking new customers that may be issued immediately. Prospects constructing business card packages can select from a spread of versatile funding fashions for his or her cardholders, reminiscent of Internet 30 Cost Playing cards, Receivables Buy, and Revolving Credit score, to permit them to take management of their enterprise’ monetary well being and entry capital extra simply.

Marqeta’s enhanced credit score options are a results of the finished integration with Energy Finance, which Marqeta acquired in January 2023. With this providing, Marqeta has solidified a place as the primary fashionable end-to-end card issuing and processing resolution for business and client card packages.

Marqeta has scaled its platform to help greater than $160 billion in whole cost quantity in 2022 and is enabled in additional than 40 international locations.