Modern card issuing platform Marqeta (NASDAQ:MQ) today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools.
UX Toolkit will allow Marqeta’s customers to create modern payment experiences from scratch with fewer development resources required, while its Portfolio Migration service reduces complexity for customers upgrading existing card programs onto the Marqeta platform, without impacting their existing cardholder experience. Combined, these two products are expected to further enhance Marqeta’s leadership in program management and enable its customers to deliver better user experiences for their cardholders.
“Card programs that fail to meet consumer expectations risk being left behind. The market is moving quickly and innovators need a partner like Marqeta that can keep up,” said Simon Khalaf, CEO of Marqeta. “As leaders in card program management, Marqeta is constantly raising the bar, making it easier for companies to move to our platform and create delightful experiences that meet consumers where they are.”
UX Toolkit allows its customers to build truly unique and branded cardholder experiences, guided by Marqeta’s deep expertise in designing payment flows. It gives customers access to a comprehensive set of User Interface (UI) components and templates optimized for Marqeta’s APIs, that allow its customers to design engaging front end cardholder experiences for debit and credit programs.
With the UI components, businesses can more easily build and update the front-end experience for onboarding customers, funding accounts, PIN management and security, transaction history, filing disputes and account statements.
UX Toolkit also includes the Marqeta Studio, a builder environment that provides extensive customization options for the UI components, including theme, color, logo, shape, and font, to fully match the business’s brand and ensure consistency across the entire user interface.
Several Marqeta customers, including Bold.org and Finfare, have signed on to use UX Toolkit to integrate the features into their existing products and improve their customer experience.
Marqeta’s Portfolio Migration service removes the complexity of transferring card programs, ensuring a smooth transition and seamless cardholder experience. This service, coupled with Marqeta’s white-glove approach, utilizes Marqeta’s advanced migration engine to move large volumes of data and align that data with Marqeta’s own standardized scale.
As a result, customers have access to Marqeta’s advanced card management features and data analytics that can improve the cardholder experience. Portfolio Migration is a key component of Marqeta’s program management capabilities, reducing the operational burden of migrating card programs to its platform.
With Portfolio Migration, Marqeta proactively addresses and mitigates potential issues, allowing its customers to focus on what they do best, delivering exceptional user experiences that meet cardholder demands.
“Our new UX Toolkit and Portfolio Migrations engine represent the full strength of Marqeta, innovative new products shaped by our unmatched experience building and scaling card programs,” said Matt Sollie, SVP & GM of Card Program Management at Marqeta. “It’s never been easier to migrate a program to Marqeta, build out a best-in-class front-end payments experience and tap into the full benefits of our program management tools.”
