Checkout.com Enables Businesses to Issue Virtual and Physical Cardsby Fintechnews Switzerland March 28, 2023
Global payments solution provider Checkout.com has rolled out a new offering which will enable businesses to issue fully customisable virtual and physical cards.
The company said that the new Checkout.com Issuing offering takes the complexity out of adding financial services products and helps businesses go live with card programmes quickly.
Businesses can now own and differentiate their card from the rest, whether it’s with a sustainable card using eco-friendly or recycled materials to avoid plastic waste or unique colour combinations.
Inflexible legacy technology has meant that multiple integrations and operational inefficiencies have prevented businesses from sharing interchange fees.
Checkout.com Issuing’s modern platform removes patchwork integrations, enabling businesses to unlock new revenue streams through receiving a percentage of card interchange fees.
Meron Colbeci, CPO at Checkout.com said,
“Card issuance and embedded finance has exploded over the past few years as sectors like online travel, marketplaces and digital banking use payments to stay at the heart of their customers’ financial lives.
Checkout.com Issuing is built on open, flexible APIs that mean businesses can create purpose-built card programmes, enhance cash flow and unlock new revenue opportunities.”