FinTech: Card Issuing Platform Marqeta Launches End-to-End RiskControl Solution

April 21, 2022 | FinTech, News
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Card issuers can use RiskControl’s suite of products to combat payment card fraud.

Global card issuing platform Marqeta (NASDAQ: MQ) has announced RiskControl, a suite of products designed to provide comprehensive, end-to-end risk management to the company’s card-issuing customers. Klarna, Yonder, and Branch are Marqeta customers that have already commenced using RiskControl and its components – KYC, Real-Time Decisioning, 3D Secure, and Disputes. (BusinessWire)

Fraud is a constant risk that preoccupies card issuers, more so after the pandemic, which triggered a surge in digital payments. More than 450 billion card payments were processed in 2020 – a magnet for perpetrators of fraud, and a serious headache for businesses accepting cards.

“We’re seeing fraud increases worldwide weigh heavily on card issuers and processors, intensifying the need to offer highly effective risk and fraud management solutions that are tailored to individual cardholder experiences,” said Randy Kern, Chief Technology Officer of Marqeta. “Marqeta’s deep expertise in issuing helps us provide a unique, end-to-end fraud and risk management solution that is specifically tailored to card-issuing transaction data.”

Marqeta: RiskControl

  • Know Your Customer (KYC) delivers identity verification capabilities designed to meet compliance requirements, help block fraudsters, and allow businesses to confidently onboard cardholders with minimal friction
  • Real-Time Decisioning empowers companies to develop fine-tuned controls for card transactions from hundreds of data attributes – including card network risk scores – to help manage payment fraud.
  • The 3D Secure tool enables issuers to create tailored authentication experiences for online transactions.
  • The Disputes tool provides risk operations teams with a streamlined process for handling disputes and chargebacks, speeding up resolution time and improving the overall cardholder experience.

Related Story: Amount And Marqeta Collaborate To Help Banks Launch A BNPL Product

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