Cards Introduction
  • 26 Aug 2022
  • 2 Minutes To Read
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Cards Introduction

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  • PDF

Cards are payment instruments issued by the bank and electronically linked to one or more deposit or loan accounts belonging to the cardholder.

Most bank clients today expect to be able to function in a fully cashless way, using debit and credit cards to make and receive payments as well as make direct withdrawals from debit accounts and cash advances against credit.

Currently, Mambu can provide support in two ways:

1. End-to-end solution

We provide card issuing and processing services through third parties. Our product is built primarily on the Mambu Process Orchestrator (MPO) platform with a connector with Marqeta for the processing of card transactions, and we provide support to customers who wish to use our Lending and Deposits engine to process card transactions using our Cards APIs. For more information, see Cards in our API Reference.

Card processing value chain

2. Processing APIs only

You may integrate directly with card issuing and processing companies for card creation and issuing, after which your issuing bank is required to send the card token to Mambu. We then offer a suite of Card APIs to enable basic functionalities for the processing of payments on debit cards. There are credit card flows that we currently do not support but we are working on achieving parity. For more information, see Cards in our API Reference.

Types of cards

The types of cards we currently support are:

Debit cards

Standard Debit Cards

  • Linked to the cardholder’s current account.
  • Limit the cardholder to the funds available in that account plus any overdraft, if available.

Prepaid Cards

  • Can be provided pre-loaded, for example for staff to pay expenses.
  • Enable businesses to manage and monitor spending.
  • Are available in different currencies, so can be used as an alternative to business travel cards.
  • Usually incur various fees and charges.

Credit cards

Revolving Credit Cards

  • Allow the cardholder to spend up to a specified credit limit.
  • Offer the account holder an interest-free period.
  • Require the account holder to repay at least the minimum amount each month, but charge interest on the unpaid balance.
  • Incur no interest if the bill is paid in full by the specified date.

Charge Cards

  • Don’t have a credit limit.
  • The borrowed amount must be paid back in full at the end of each month.

We continue to focus on providing end-to-end solutions for customers for both card issuing and card processing by building a cards hub platform and integrating with the best of breed partners, such as Marqeta, GPS, VISA, Mastercard, and Paymentology.

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