Marqeta, a card issuing platform that enables embedded finance solutions for global financial innovators, has launched two products aimed at reducing the complexity of card programme management and migrations.
The California-based company, which handled more than US$200bn in payment volume in 2023, has developed a UX Toolkit and Portfolio Migration service to help financial institutions move existing card programmes to its platform.
The company’s technology enables businesses to turn real-time data into optimised solutions for consumer loyalty and capital efficiency.
Development acceleration
The UX Toolkit provides pre-built interface components that comply with card network regulations, allowing firms to create card management interfaces without extensive development resources.
The toolkit includes features for customer onboarding, account funding, and transaction management, which Marqeta says will reduce implementation time for new card programmes.
The system includes templates optimised for Marqeta’s application programming interfaces (APIs) – the software that allows different computer systems to communicate.
These templates enable firms to create interfaces for functions such as PIN management, dispute resolution and account statement viewing. The toolkit has received pre-approval from several partners, including major card networks.
The toolkit also includes Marqeta Studio, a builder environment where firms can customise the appearance of their card management interfaces. This allows businesses to maintain brand consistency through theme, colour, logo, shape, and font customisation options to match their brand identity across the user interface.
Bold.org, a scholarship platform, and Finfare have signed up to implement the toolkit. Dror Liebenthal, Co-founder and Chief Executive of Bold.org, says: “As soon as Marqeta showed us its new UX Toolkit, its capacity to accelerate how we create exceptional cardholder experiences was readily apparent.”