Marqeta Announces RiskControl, An End-to-End Risk Management Suite of Products for Card Issuers to Combat Payment Card Fraud

Marqeta Announces RiskControl, An End-to-End Risk Management Suite of Products for Card Issuers to Combat Payment Card Fraud

OAKLAND, Calif.–(Small business WIRE)–Marqeta (NASDAQ: MQ), the worldwide contemporary card issuing system, today declared its

OAKLAND, Calif.–(Small business WIRE)–Marqeta (NASDAQ: MQ), the worldwide contemporary card issuing system, today declared its new RiskControl option, a complete product suite to help its clients better optimize their card applications and take management of stop-to-close possibility management. RiskControl is made to provide Marqeta’s clients with comprehensive danger, compliance, and fraud administration abilities throughout the cardholder lifecycle, enabling them to target on their business expansion. RiskControl is anchored by the introduction of a powerful new fraud mitigation resolution – Genuine-Time Decisioning – enabling card packages to develop fine-tuned transaction controls and assistance restrict payment fraud. In addition, RiskControl includes newly increased versions of Marqeta’s Know Your Consumer (KYC) and Disputes goods, along with its previously introduced 3D Protected.

Worldwide card payments are increasing every year, with extra than 450 billion card payments processed in 2020 on your own. With the pandemic-fueled electronic transformation in payments, the danger of fraud is also soaring appreciably, underlining the have to have for card issuers to offer you organizations subsequent-stage regulate in purchase to accurately mitigate fraud. Marqeta’s RiskControl answer has been developed as a direct offering to help lessen chance for its clients, enabling them to get in advance of fraud and streamline their possibility and compliance plans with no incorporating friction to the cardholder encounter or slowing down card application advancement.

“When we speak to our consumers, the menace of payment fraud will come up continuously as 1 of their major organization considerations. We’re viewing fraud boosts around the world weigh greatly on card issuers and processors, intensifying the need to offer you very helpful possibility and fraud management options that are personalized to individual cardholder encounters,” mentioned Randy Kern, Chief Technological know-how Officer of Marqeta. “Marqeta’s deep abilities in issuing aids us provide a unique, end-to-finish fraud and hazard management alternative that is specifically tailor-made to card issuing transaction knowledge. We’re placing the technology in our customers’ hands, unlocking their prospective development by proactively shielding them in opposition to the escalating threat of fraud.”

Marqeta prospects presently utilizing RiskControl incorporate Klarna, Yonder and Branch. The core merchandise in RiskControl – KYC, Real-Time Decisioning, 3D Safe, and Disputes – are made to manage hazard and compliance across the full cardholder lifecycle, setting up with consumer onboarding and KYC, to payment transactions, through to the management of disputes.

  • Know Your Consumer (KYC) provides identity verification capabilities created to fulfill compliance prerequisites, aid block fraudsters, and let businesses to confidently onboard cardholders with small friction. Enhancements to Marqeta’s KYC remedy can increase the go rate to enable card systems to swiftly onboard much more clients and lower their time to value.
  • Serious-Time Decisioning empowers firms to establish wonderful-tuned controls for card transactions from hundreds of facts characteristics – including card network hazard scores – to aid regulate payment fraud. Issuers have genuine-time management in excess of their card payment transactions although making certain they are only approved in accordance with a rigorous set of enterprise regulations. They can also keep an eye on and evaluate transactions to continuously improve their regulations as small business requires and exterior threats evolve. Designed in partnership with Featurespace, Actual-Time Decisioning has now been rolled out in beta to pick out buyers and is predicted to be commonly readily available later on this yr.
  • Marqeta’s 3D Protected software allows issuers to create personalized authentication ordeals for on the net transactions. 3D Secure allows people to leverage their possess small business logic and facts to mitigate fraud without the need of incorporating avoidable friction or cardholder dropoff.
  • Marqeta’s Disputes device gives risk operations groups with a streamlined method for dealing with disputes and chargebacks, dashing up resolution time and enhancing the total cardholder working experience. Marqeta clients can utilize the Marqeta Dashboard and system management companies to assistance them proficiently produce, submit, and control disputes at scale. Increased API capabilities are presently available in beta to Marqeta shoppers and are predicted to be typically accessible afterwards this year.

Marqeta’s information-driven RiskControl providing allows buyers to just take their danger management to the subsequent amount. Its prospects will have complete regulate of the card plan by getting authentic-time insights and building controls customized to cardholders. RiskControl aims to overhaul the aged-fashioned way of doing hazard administration and carry out an revolutionary, all-in-just one option developed for risk groups taking care of card plans.

“Marqeta’s Real-Time Decisioning solution is an significant device in assisting us to continue to be in advance of opportunity fraud concerns,” mentioned Theso Jivajirajah, Chief Risk Officer of Yonder. “We’ve already noticed how Marqeta’s flexible controls have served us fight versus fraudulent transactions right before they happen, giving our clients a much better practical experience.”

Study a lot more about Marqeta’s RiskControl answer listed here: marqeta.com/platform/riskcontrol

About Marqeta (NASDAQ: MQ)

Marqeta’s fashionable card issuing system empowers its customers to generate custom made and impressive payment cards. Marqeta’s fashionable architecture provides its prospects the skill to establish more configurable and adaptable payment encounters, accelerating time-to-current market and democratizing accessibility to card issuing technologies. Marqeta’s open up APIs offer prompt accessibility to highly scalable, cloud-based payment infrastructure that enables clients to start and control their possess card packages, challenge playing cards and authorize and settle payment transactions. Marqeta is headquartered in Oakland, California and is accredited to operate in 39 nations around the world globally. For much more facts, go to www.marqeta.com, Twitter and LinkedIn.

Ahead-Hunting Statements

This press launch incorporates “ahead-hunting statements” inside the meaning of the “safe and sound harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-hunting statements expressed or implied in this push launch incorporate, but are not confined to, quotations and statements relating to the abilities and feasible adoption of Marqeta’s products and products and services, and the anticipated require for Marqeta’s goods and expert services. True outcomes may perhaps differ materially from the expectations contained in these statements thanks to challenges and uncertainties, together with, but not restricted to, the next: any things building troubles with the effect of uncertainties linked to the global COVID-19 pandemic on U.S. and world-wide economies and need for Marqeta’s solutions and expert services the hazard that Marqeta may possibly be not able to even further entice and retain prospects the chance that buyers will not understand the advantages of Marqeta’s products and solutions and services the possibility that Marqeta’s items and expert services do not operate as supposed the threat that Marqeta’s merchandise and methods will not realize the predicted industry acceptance and the chance that competition could minimize predicted desire for Marqeta’s items and solutions. In-depth info about these dangers and other components that could possibly have an affect on Marqeta’s business, financial problem and outcomes of functions are involved in the “Risk Factors” disclosed in Marqeta’s Annual Report on Kind 10-K for the year ended December 31, 2021, as such hazard components may be updated from time to time in Marqeta’s periodic filings with the SEC, readily available at www.sec.gov and Marqeta’s internet site at http://investors.marqeta.com. The ahead-looking statements in this push release are dependent on details obtainable to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-on the lookout statements, other than as demanded by law.