Instantly push cards to digital wallets via app or web browser for immediate access and to enable contactless payments
Ensure payment continuity
With flexible token management, automatically update tokens in wallet or with merchants when cards are expired, lost, or stolen
Reduce the risk of fraud
Minimize the exposure of sensitive PAN data and protect cardholders in the event of a merchant data breach
“Marqeta’s push to wallet functionality will add a new dimension to virtual card payments. With Marqeta, our virtual cards can be expanded to new use cases like facilitating payments to disaster relief volunteers or for recruitment spend where interview candidates can be issued a card into their mobile wallets for travel expenses.”
John Skinner,Head of Commercial Card
What is tokenization?
Card tokenization is the process of protecting sensitive data, such as the primary account number (PAN), by replacing it with more secure, surrogate data, called a token.
For organizations with existing card programs, Marqeta’s digital wallet and tokenization services can be easily layered onto existing issuer processor relationships.