Card Product Setup

You must use the Mbanq Admin Console to create a card product. When you create a new card product, you will be required to supply a number of attributes.

Key Features:

Our platform is designed to support NeoBanks and fintech companies in their go-to-market strategies by providing essential functionality and benefits. Card products define the rules, default settings, and constraints for a financial institution's debit and credit card products. The card product setup provides a template for defining the main features and functions for the card..

Setup and Parameters

Note: All red colored asterisk mark are mandatory fields.

Main Details

Parameter	Mandatory	Notes
Product name	x	Name for the product, ex. Credit_product_with_charges
Network		ex. VISA
Card type	x	Credit or Debit
Select Credit Products		What Credit Product is the card tied to
Upgradeable To Product		Used when their is a defined path for a family of card products, ex. Silver to Gold card.
Lifecycle length
Blocked countries		Select any countries where the card may not be used.
No. of Active Cards	x	1 or more
Digital Card First
Virtual
Fulfill Physical Card by Default
Wished pin
Business card ID
BIN		Bank Identification Number ex. 14156177

Card Processor Detail

Parameter	Example
Card Processor	Ex. Galileo, Marketa
External product identifier	1100

Velocity Rules

Velocity Rules are one of the key lines of defense against fraud and credit risk. They limit how much can be debited or charged to a card during various time frames.

ATM (Automated Teller Machine)

Single - purchase or transaction
Daily - total purchases or transactions for a day
Weekly
Monthly

POS (Point of Sale also known as Merchant Terminal)

Single - purchase or transaction
Daily - total purchases or transactions for a day
Weekly
Monthly