Page 48 - Pay Magazine s2014

pay awards
rIsIng stAr
Young technology company that o ers the program, technology, product or service with the potential to move the payments industry forward.
Marqeta
what it is: Silicon Valley-based company launched the rst open API issuer-processor platform with no legacy infrastructure to provide exibility, scalability and performance.
amount and merchant location where each card can be used. Cards can be authorized for the exact amount of a transaction at a single restaurant location within a restricted time period.
why it matters: Clients are big names in on- demand services, alternative lending, pay- outs, expense management and e-commerce. The platform enables companies to o er compelling payments services whether
or not payments is core to their business.
differentiators: The Marqeta platform is entirely cloud-based and available via REST APIs so clients can keep up with the pace of change the market demands. Marqeta also has brought API innovation to the issuing side of payments through Just-in-Time “JIT” Funding, enabling commerce innovators to become issuers and take control by authorizing their payment card transactions in real time.
what the judges said: Dynamic card-loading has the potential to be a game-changer in
the market because of the control, exibility and fraud- ghting e ciency that come with it. We expect to see many more examples of companies leveraging this capability and more made possible through Marqeta’s technology.
Marqeta pioneered the Just-in-Time “JIT” Funding feature to give companies the ability to load and approve transactions on physical, virtual or tokenized cards in real time.
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why it works: Company has re-engineered how physical cards, virtual cards and mobile wallets can be developed and deployed.
For example, delivery companies can provide drivers with customized prepaid cards man- aged from a central location. Cards can be con gured, loaded and managed by company management in real time, with speci c con- trols put in place to limit the time, day,
T2P Co. Ltd.
MasterCard Worldwide
Zebit Inc.
payments technology
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