Marqeta RiskControl is a comprehensive suite of danger management solutions crafted for customers making use of its world-wide present day card issuing system, providing card issuers with handle around card transactions, optimizing performance, and mitigating plan hazard and compliance implications.
OAKLAND, Calif., April 21, 2022–(Company WIRE)–Marqeta (NASDAQ: MQ), the world present day card issuing system, right now declared its new RiskControl remedy, a extensive merchandise suite to assist its prospects far better improve their card packages and acquire handle of conclusion-to-conclude hazard management. RiskControl is developed to give Marqeta’s prospects with thorough danger, compliance, and fraud administration capabilities throughout the cardholder lifecycle, enabling them to concentrate on their small business development. RiskControl is anchored by the introduction of a effective new fraud mitigation resolution – Authentic-Time Decisioning – enabling card packages to build fantastic-tuned transaction controls and assistance restrict payment fraud. Furthermore, RiskControl consists of recently enhanced variations of Marqeta’s Know Your Client (KYC) and Disputes solutions, together with its earlier announced 3D Protected.
World card payments are increasing every year, with a lot more than 450 billion card payments processed in 2020 alone. With the pandemic-fueled electronic transformation in payments, the risk of fraud is also increasing drastically, underlining the require for card issuers to offer firms up coming-degree manage in purchase to precisely mitigate fraud. Marqeta’s RiskControl alternative has been constructed as a direct presenting to aid lessen risk for its buyers, enabling them to get ahead of fraud and streamline their hazard and compliance programs without the need of including friction to the cardholder experience or slowing down card software advancement.
“When we speak to our consumers, the risk of payment fraud comes up persistently as a single of their largest small business considerations. We’re looking at fraud will increase around the world weigh intensely on card issuers and processors, intensifying the need to offer highly efficient possibility and fraud management solutions that are personalized to person cardholder activities,” reported Randy Kern, Main Technological know-how Officer of Marqeta. “Marqeta’s deep knowledge in issuing aids us provide a distinctive, end-to-close fraud and threat management option that is exclusively personalized to card issuing transaction information. We’re placing the technologies in our customers’ fingers, unlocking their possible expansion by proactively shielding them towards the growing risk of fraud.”
Marqeta shoppers currently making use of RiskControl incorporate Klarna, Yonder and Branch. The core products and solutions in RiskControl – KYC, Authentic-Time Decisioning, 3D Secure, and Disputes – are created to manage possibility and compliance across the whole cardholder lifecycle, commencing with consumer onboarding and KYC, to payment transactions, as a result of to the administration of disputes.
Know Your Buyer (KYC) delivers id verification capabilities created to satisfy compliance necessities, aid block fraudsters, and enable organizations to confidently onboard cardholders with minimal friction. Enhancements to Marqeta’s KYC remedy can make improvements to the pass level to enable card programs to swiftly onboard more prospects and minimize their time to benefit.
Genuine-Time Decisioning empowers corporations to establish good-tuned controls for card transactions from hundreds of facts attributes – together with card community possibility scores – to help manage payment fraud. Issuers have serious-time manage over their card payment transactions though making certain they’re only accepted in accordance with a strict established of business enterprise procedures. They can also watch and overview transactions to constantly strengthen their regulations as business enterprise demands and exterior threats evolve. Developed in partnership with Featurespace, Real-Time Decisioning has presently been rolled out in beta to decide on shoppers and is envisioned to be generally obtainable later on this yr.
Marqeta’s 3D Secure instrument allows issuers to create customized authentication activities for on-line transactions. 3D Safe enables buyers to leverage their individual organization logic and information to mitigate fraud without the need of incorporating pointless friction or cardholder dropoff.
Marqeta’s Disputes resource presents risk operations groups with a streamlined procedure for managing disputes and chargebacks, speeding up resolution time and enhancing the all round cardholder expertise. Marqeta shoppers can use the Marqeta Dashboard and program administration expert services to support them efficiently generate, post, and regulate disputes at scale. Enhanced API abilities are currently available in beta to Marqeta consumers and are anticipated to be frequently out there later on this calendar year.
Marqeta’s details-pushed RiskControl giving permits users to consider their risk management to the subsequent degree. Its clients will have whole management of the card application by attaining authentic-time insights and creating controls customized to cardholders. RiskControl aims to overhaul the old-fashioned way of doing hazard administration and put into practice an progressive, all-in-a person solution crafted for danger teams managing card courses.
“Marqeta’s Serious-Time Decisioning solution is an critical device in assisting us to continue to be ahead of potential fraud worries,” claimed Theso Jivajirajah, Chief Threat Officer of Yonder. “We’ve by now noticed how Marqeta’s adaptable controls have helped us battle from fraudulent transactions in advance of they happen, providing our buyers a greater practical experience.”
Understand far more about Marqeta’s RiskControl remedy in this article: marqeta.com/platform/riskcontrol
About Marqeta (NASDAQ: MQ)
Marqeta’s modern day card issuing platform empowers its clients to produce custom-made and progressive payment cards. Marqeta’s fashionable architecture presents its shoppers the potential to make more configurable and flexible payment encounters, accelerating time-to-sector and democratizing obtain to card issuing technological innovation. Marqeta’s open up APIs offer fast accessibility to hugely scalable, cloud-centered payment infrastructure that enables prospects to start and take care of their personal card applications, challenge playing cards and authorize and settle payment transactions. Marqeta is headquartered in Oakland, California and is accredited to function in 39 international locations globally. For a lot more info, go to www.marqeta.com, Twitter and LinkedIn.
This push launch incorporates “forward-seeking statements” within just the that means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-seeking statements expressed or implied in this press launch consist of, but are not minimal to, quotations and statements relating to the capabilities and achievable adoption of Marqeta’s products and solutions, and the anticipated want for Marqeta’s products and solutions and companies. Real benefits may well differ materially from the expectations contained in these statements owing to pitfalls and uncertainties, which includes, but not limited to, the pursuing: any aspects producing troubles with the effect of uncertainties related to the world wide COVID-19 pandemic on U.S. and world-wide economies and need for Marqeta’s solutions and providers the chance that Marqeta may perhaps be unable to further bring in and retain shoppers the threat that shoppers will not perceive the rewards of Marqeta’s products and solutions and providers the possibility that Marqeta’s items and solutions do not operate as supposed the threat that Marqeta’s solutions and options will not realize the predicted marketplace acceptance and the threat that level of competition could minimize predicted desire for Marqeta’s products and solutions and solutions. Detailed data about these pitfalls and other aspects that could probably influence Marqeta’s business, economical affliction and results of functions are integrated in the “Chance Factors” disclosed in Marqeta’s Annual Report on Kind 10-K for the yr finished December 31, 2021, as such chance components may perhaps be updated from time to time in Marqeta’s periodic filings with the SEC, offered at www.sec.gov and Marqeta’s site at http://buyers.marqeta.com. The ahead-hunting statements in this press release are based on facts obtainable to Marqeta as of the day hereof. Marqeta disclaims any obligation to update any ahead-hunting statements, other than as demanded by law.
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