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5 minute read
June 30, 2022

Understanding Card Program Differences

This page describes key differences between Powered By Marqeta (PxM) and Managed By Marqeta (MxM). It helps you decide which card program to pursue and directs you to relevant information.

Card program models

Depending on your desired level of control and responsibility, Marqeta can work with you in one of the following ways:

  • Powered By: Marqeta assists with certain configuration elements, then enables you to use the platform independently.

  • Managed By: Marqeta is the Program Manager and manages your program for you, providing a full-service experience and configuring most of the critical resources required by your production environment.

Card program requirements

The table below lists the primary tasks related to launching a production card program and clarifies who is responsible under each engagement model.

Requirement Powered By Managed By

Defining Bank Identification Number (BIN) configuration with the card network/scheme

You

Marqeta

Approving and managing the program with the card network/scheme

You

Marqeta

Approving and managing the program with the issuing bank

You

Marqeta

Ensuring program compliance with regional regulations

You

Marqeta

Ensuring program compliance with bank and card network mandates

You

Marqeta

Configuring the customer processing environment

You

Marqeta

Configuring funding methodology

You

Marqeta

Creating and configuring card products

You

Marqeta

Creating and managing users

You

You

Creating and managing cards

You

You

Creating and managing spend controls at the card product level

You

Marqeta

Creating and managing user controls

You

You

Providing API access (controls, user management, etc.)

Marqeta

Marqeta

Configuring webhooks

You

Marqeta

Processing card network/scheme events (authorization, clearing, etc.)

Marqeta

Marqeta

Fulfilling cards

You

Marqeta

Managing Know Your Customer (KYC)

You

Marqeta

Managing card inventory and fulfillment providers

You

Marqeta

Managing tokenization with the card network

You

Marqeta

Engaging with the digital wallet providers

You

Marqeta

Providing Tier II technical support

Marqeta

Marqeta

Sending daily card network reporting files to the issuing bank

Marqeta

Marqeta

Reconciling with the card network

You

Marqeta

Monitoring transactions (fraud, anti-money laundering, etc.)

You

Marqeta

Managing disputes

You

Marqeta

Learn more

Depending on how you choose to integrate with Marqeta, you will participate in some or all of the following processes.

  • Sales process

  • Due diligence

  • Integration verification

  • Security verification

  • Business readiness

To learn more about the processes and requirements for Powered By Marqeta, see Building Your Powered By Marqeta Card Program.

To learn more about card program configuration for Managed By Marqeta, see Building Your Managed By Marqeta Card Program.

Get started

Refer to the Core API Reference documentation to learn more about each endpoint of the Marqeta platform, including supported methods, fields, and code samples. Marqeta also offers a series of guides that introduce you to important Marqeta concepts and how they fit into the payments ecosystem.

Use the public sandbox environment to explore the capabilities of the Marqeta platform. To access the public sandbox, sign up for an account on Marqeta.com and follow the Core API Quick Start guide.

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