We’re excited to announce that we’ve released new capabilities to our credit platform, including 40 new credit APIs and an intuitive experience within the Marqeta Dashboard that enables customers to design, test and launch differentiated card experiences. Our credit platform provides customers with greater flexibility and control than legacy credit solutions, with customers also having the option to leverage our partner FNBO’s leading program management alongside these new features.
With these new credit capabilities, fintechs, brands and banks can integrate directly to our APIs and leverage dashboard workflows to design and embed a native credit card experience. Key features include:
- Intuitive dashboard experience: A first-of-its-kind ‘no code’ workflow will enable customers to configure key parameters of their card such as APRs, rewards, and fees, with built-in approval and compliance checks, allowing businesses to launch cards more quickly and with more control than with legacy solutions.
- Flexible rewards engine: Marqeta’s rewards tools allow customers to expand beyond the traditional cash back rewards that are common in the market today. Customers can mix and match rewards based on merchant category spend and various cardholder behaviors, like on-time payments. This allows them to implement new rewards options in real-time, creating more opportunities for increased spend. For example, customers can reward users by investing in crypto or investing account on their own platform or for making an on-time payment to encourage healthy financial habits.
- Streamlined authorization with gateway Just-in-Time (JIT) funding: Marqeta’s credit platform also now comes with its industry-leading gateway JIT feature, allowing businesses to participate in the authorization of credit transactions. This unlocks unique spend use cases such as declining recurring subscription spend, converting purchases to installment loans, or extending additional credit beyond a user’s current credit limit.
- Instant decisioning: Customers can now provide their users an instant credit decision via Marqeta's API connection to FNBO's decisioning engine.
Check out our Docs page to learn about our credit platform and learn more about the announcement here.