Marqeta Enhances its Card-issuing Platform with a Risk Management Suite

  • Payments
  • 22.04.2022 11:05 am

Marqeta has launched a comprehensive solution suite aimed at assisting customers in optimizing their card programs and taking control of end-to-end risk management (NASDAQ: MQ). This enables Marqeta customers to concentrate on business development while RiskControl handles risk, compliance, and fraud throughout the cardholder's lifespan. Real-Time Decisioning, a strong new fraud protection tool, enabling card programs to set fine-grained transaction rules, hence assisting in the reduction of payment fraud. RiskControl now offers updated versions of Marqeta's KYC and Disputes solutions in addition to 3D Secure. 

Card payments continue to grow at a steady pace, with over 450 billion predicted in 2020. Payments fraud is increasing, emphasizing the importance of card issuers providing businesses with next-generation controls to accurately avoid fraud. Marqeta's RiskControl solution is intended to aid customers in mitigating risk, preventing fraud, and streamlining risk and compliance operations without impairing the cardholder experience or limiting card program growth. 

"When we speak with our customers, one of their primary worries is payment fraud. Globally expanding fraud puts card issuers and processors under strain, driving demand for highly effective risk and fraud management solutions tailored to individual cardholder experiences. Our extensive issuance knowledge enables us to provide a one-of-a-kind end-to-end fraud and risk management solution that is specifically suited to card issuing transaction data. We use technology to empower our customers, enabling them to thrive while proactively protecting them from fraud," Marqeta CTO Randy Kern.

Marqeta's customers include Klarna, Yonder, and Branch. RiskControl's primary products are designed to manage risk and compliance across the cardholder lifecycle, from client onboarding and KYC to payment transactions and dispute resolution. 

 

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