At Marqeta, our product managers have been hard at work bringing new releases and enhancements to market. In this quarterly series, we highlight a few so you can get a quick look into some of our newest offerings.
May this installment find you enjoying the final weeks of the year.
Credit Platform: We were at Money 20/20 in October, where we released our latest credit card capabilities. With our enhanced product line, Marqeta can empower brands to launch beautifully designed, embedded credit cards.
We believe that credit cards offer compelling opportunities for new revenue streams, customer loyalty, brand growth and improved customer experience. Marqeta is thrilled to offer capabilities for both consumer and commercial credit card types.
More on consumer and commercial credit cards below. If you have any questions or would like to discuss a potential credit card use case, let us know here.
To find out more about our credit platform, check out the following resources:
Consumer Credit Card: Co-branded credit cards provide a huge opportunity to drive loyalty. Our research shows that 72% of consumers are more likely to be loyal to a brand if they offer a more personalized experience with additional rewards.
Marqeta’s consumer credit card allows brands to build a co-branded credit card offering directly within their existing app or website. The result is a seamless experience for cardholders that feels different than working with a bank. Moreover, our technology allows for customization of rewards, loyalty programs and redemption opportunities to make your card program stand out.
Commercial Credit Card: 67% of small businesses leverage credit cards for their operations today.1 With Marqeta’s commercial credit card, you can optimize your customer’s cashflow with flexible options for card type and funding. Moreover, users can create spend controls and account hierarchies to determine how cards are used and by whom (such as company owners or admins).
Sample code for GJIT implementation: Gateway Just-in-Time Funding (GJIT) is the most popular funding model offered by Marqeta. To jumpstart the implementation journey and help Marqeta customers get to value quicker, our team has developed sample code that demonstrates GJIT implementation via real world transaction scenarios in a sandbox environment.
With this release, Marqeta customers can quickly get started and become familiar with Marqeta’s transaction flows, webhook messages and ledger actions. Moreover, they can use the sample code as a template and build on top of it.
To learn more, check out our resources here:
RiskControl enhancements: BIN enumeration attacks are one of the most common fraud attacks. With this latest enhancement, Marqeta customers can detect potential BIN attacks and get in front of them, thereby mitigating fraud losses.
BIN attack detection is now included in our RiskControl Real-Time Decisioning product.
The team has also recently released dynamic rule suppression. With this release, Marqeta customers can personalize controls on authorizations to better manage fraud and improve cardholder experience by overriding false positives.
To learn more, check out our resources here:
Multiregion Authorizations: At Marqeta, our software stack is continuously evolving. We are focused on delivering a high-scale, secure, reliable platform that is endlessly improving and expanding.
With this latest enhancement, Marqeta can handle cardholder authorizations if a regional domain service outage is to occur via redirection to other regions. Put simply, disruption to service in any one area does not impact processing on the other. As a result, cardholder experience is sustained and service level availability (SLA) is upheld.
To find out more, please check out the resources below:
Thank you for taking the time to learn more about what we’re up to here at Marqeta. If you want to dig deeper or speak to an expert, reach out to your Customer Success Rep or follow the below links:
