Marqeta RiskControl is a in depth suite of chance administration solutions developed for shoppers applying its global fashionable card issuing platform, supplying card issuers with control above card transactions, optimizing general performance, and mitigating system chance and compliance implications.
OAKLAND, Calif., April 21, 2022–(Company WIRE)–Marqeta (NASDAQ: MQ), the worldwide present day card issuing system, currently introduced its new RiskControl alternative, a extensive item suite to assistance its buyers better enhance their card courses and get manage of conclude-to-close danger administration. RiskControl is made to give Marqeta’s buyers with detailed risk, compliance, and fraud management abilities throughout the cardholder lifecycle, making it possible for them to concentration on their business development. RiskControl is anchored by the introduction of a effective new fraud mitigation resolution – Actual-Time Decisioning – enabling card applications to create fantastic-tuned transaction controls and aid limit payment fraud. On top of that, RiskControl features freshly improved variations of Marqeta’s Know Your Purchaser (KYC) and Disputes products and solutions, together with its formerly introduced 3D Protected.
Global card payments are growing on a yearly basis, with additional than 450 billion card payments processed in 2020 by itself. With the pandemic-fueled digital transformation in payments, the threat of fraud is also increasing significantly, underlining the require for card issuers to give companies upcoming-level command in buy to precisely mitigate fraud. Marqeta’s RiskControl remedy has been designed as a immediate supplying to assistance lower risk for its clients, enabling them to get in advance of fraud and streamline their chance and compliance plans with no including friction to the cardholder knowledge or slowing down card application development.
“When we talk to our consumers, the threat of payment fraud arrives up continuously as just one of their greatest organization fears. We’re viewing fraud raises throughout the world weigh heavily on card issuers and processors, intensifying the require to present really productive possibility and fraud administration solutions that are tailored to specific cardholder experiences,” mentioned Randy Kern, Chief Technological innovation Officer of Marqeta. “Marqeta’s deep knowledge in issuing helps us supply a one of a kind, end-to-stop fraud and danger administration remedy that is precisely tailored to card issuing transaction information. We’re placing the know-how in our customers’ arms, unlocking their possible growth by proactively preserving them towards the expanding possibility of fraud.”
Marqeta customers already working with RiskControl include things like Klarna, Yonder and Branch. The main goods in RiskControl – KYC, True-Time Decisioning, 3D Safe, and Disputes – are made to take care of danger and compliance across the complete cardholder lifecycle, starting with client onboarding and KYC, to payment transactions, as a result of to the management of disputes.
Know Your Shopper (KYC) provides id verification abilities made to meet up with compliance prerequisites, assist block fraudsters, and allow corporations to confidently onboard cardholders with minimal friction. Enhancements to Marqeta’s KYC option can boost the pass rate to permit card packages to quickly onboard a lot more customers and decrease their time to worth.
Actual-Time Decisioning empowers corporations to develop good-tuned controls for card transactions from hundreds of knowledge attributes – such as card network possibility scores – to assist handle payment fraud. Issuers have serious-time manage over their card payment transactions when making sure they are only recognized in accordance with a rigorous established of company rules. They can also keep track of and review transactions to continually increase their regulations as organization demands and exterior threats evolve. Designed in partnership with Featurespace, Serious-Time Decisioning has by now been rolled out in beta to find customers and is predicted to be generally available later on this year.
Marqeta’s 3D Safe instrument permits issuers to build personalized authentication activities for on the net transactions. 3D Safe allows users to leverage their individual small business logic and data to mitigate fraud without the need of incorporating unwanted friction or cardholder dropoff.
Marqeta’s Disputes instrument delivers hazard operations teams with a streamlined method for managing disputes and chargebacks, dashing up resolution time and increasing the in general cardholder knowledge. Marqeta customers can benefit from the Marqeta Dashboard and application management companies to aid them properly make, post, and handle disputes at scale. Increased API capabilities are at the moment accessible in beta to Marqeta buyers and are predicted to be generally available later on this 12 months.
Marqeta’s facts-driven RiskControl providing enables customers to get their danger management to the following degree. Its buyers will have comprehensive manage of the card application by attaining real-time insights and developing controls customized to cardholders. RiskControl aims to overhaul the previous-fashioned way of carrying out possibility administration and apply an revolutionary, all-in-a person resolution designed for chance teams controlling card systems.
“Marqeta’s True-Time Decisioning answer is an vital instrument in helping us to keep forward of possible fraud worries,” mentioned Theso Jivajirajah, Main Hazard Officer of Yonder. “We have now found how Marqeta’s flexible controls have assisted us combat in opposition to fraudulent transactions before they take place, giving our buyers a improved encounter.”
Understand additional about Marqeta’s RiskControl alternative below: marqeta.com/platform/riskcontrol
About Marqeta (NASDAQ: MQ)
Marqeta’s modern card issuing system empowers its clients to build tailored and modern payment cards. Marqeta’s fashionable architecture provides its consumers the potential to create extra configurable and versatile payment ordeals, accelerating time-to-market and democratizing entry to card issuing technological innovation. Marqeta’s open APIs provide immediate access to really scalable, cloud-primarily based payment infrastructure that allows buyers to start and deal with their have card applications, issue playing cards and authorize and settle payment transactions. Marqeta is headquartered in Oakland, California and is qualified to run in 39 international locations globally. For a lot more details, check out www.marqeta.com, Twitter and LinkedIn.
This push release consists of “forward-searching statements” within the meaning of the “harmless harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-hunting statements expressed or implied in this push release include, but are not restricted to, quotations and statements relating to the abilities and probable adoption of Marqeta’s product and solutions, and the expected will need for Marqeta’s products and solutions and services. Precise effects may vary materially from the expectations contained in these statements due to challenges and uncertainties, which includes, but not limited to, the next: any variables making troubles with the result of uncertainties linked to the world-wide COVID-19 pandemic on U.S. and worldwide economies and demand from customers for Marqeta’s items and providers the threat that Marqeta could be not able to even further bring in and keep clients the possibility that people will not perceive the rewards of Marqeta’s solutions and companies the hazard that Marqeta’s merchandise and products and services do not function as intended the possibility that Marqeta’s solutions and answers will not reach the expected market acceptance and the possibility that level of competition could lower anticipated demand from customers for Marqeta’s products and expert services. Thorough information and facts about these threats and other elements that could likely have an impact on Marqeta’s organization, monetary problem and effects of operations are involved in the “Risk Factors” disclosed in Marqeta’s Yearly Report on Sort 10-K for the calendar year ended December 31, 2021, as these chance aspects may be current from time to time in Marqeta’s periodic filings with the SEC, available at www.sec.gov and Marqeta’s web page at http://traders.marqeta.com. The ahead-hunting statements in this push launch are primarily based on information accessible to Marqeta as of the day hereof. Marqeta disclaims any obligation to update any forward-searching statements, other than as necessary by law.
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