Marqeta announced a significant expansion of its credit platform with a new, intuitive dashboard and over 40 new credit APIs that enable customers to design, test, and launch differentiated credit card experiences. Marqeta's credit platform provides customers with great flexibility and control than legacy credit solutions, with customers also having the option to leverage First National Bank of Omaha (FNBO)'s leading program management and banking capabilities alongside these new features. With these new credit capabilities, fintechs, brands and banks can integrate directly to Marqeta's APIs and leverage its dashboard and workflows to design and embed a native credit card experience.

Key features include: Intuitive dashboard experience: A groundbreaking no code workflow will enable customers to configure key parameters of their card such as APRs, rewards, and fees, with built-in approval and compliance checks, allowing businesses to launch cards more quickly and with more control than with legacy solutions. Flexible rewards engine: Marqeta's rewards tools allow customers to expand beyond the traditional cash back rewards that are common in the market. Customers can mix and match rewards based on merchant category spend and various cardholder behaviors, like on-time payments.

This allows them to implement new rewards options in real-time, creating more opportunities for increased spend. Streamlined authorization with gateway Just-in-Time (JIT) funding: Marqeta's credit platform also now comes with its gateway JIT feature, allowing businesses to participate in the authorization of credit transactions. This unlocks unique spend use cases such as declining recurring subscription spend, converting purchases to installment loans, or extending additional credit beyond a user's current credit limit.

Instant decisioning: Customers can now provide their users an instant credit decision via Marqeta's API connection to FNBO's decisioning engine.