A Guide to Understanding Modern Card Issuing
Across industries, many of today’s most innovative business models have one thing in common: Their payment solutions are built on modern payment infrastructure.
Even though legacy payments infrastructure has moved money reliably and within certain accepted constraints for decades, it has rarely served as a differentiator. However, the business models of these startups — including Uber, Square, Instacart, Afterpay, DoorDash, N26, and Marcus — required highly configurable payment cards and a simple way to manage payment programs. To set the agenda for commerce in their respective industries, these innovators turned to modern card issuing — a new way of issuing cards and processing transactions.
In this guide we will walk through
- What is modern card issuing?
- Top characteristics of a modern card issuing platform
- The applications and use cases of a card issuing platform
- Comparisons between modern card issuing platforms and legacy