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.

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Create Card Product

Setup and Parameters

Note: All red colored asterisk mark are mandatory fields.

Main Details

Parameter	Mandatory	Notes
Product name	Yes	Name of the card product (e.g., VISA Signature Card). Appears in client UI.
Network	Yes	Select the card network (e.g., VISA, MasterCard).
Card type	Yes	Defines card type (Credit, Debit, Prepaid).
Select Credit Products	Conditional	Required if card type is Credit. Links to credit account product.
Upgradeable to Product	No	Optional. Choose a higher-tier product this card can be upgraded to.
Lifecycle length	Yes	Validity of the card in years (e.g., 4 = 4 years).
Blocked countries	No	Multi-select dropdown to set up a list of countries where the card is restricted from being used.
No. of Active Cards	Yes	Maximum number of active cards allowed per customer.
Card Replacement Limit for SSU	No	Limit on card replacements per customer/branch.
Activation Url	No	Optional self-activation URL for the card.
Card Address	Yes	Address used for card delivery (e.g., registered/communication address).
Digital Card First	No	If checked, card is issued digitally before physical card.
Virtual	No	If checked, card is virtual only (no physical issuance).
Fulfil Physical Card by Default	No	If checked, physical card is automatically dispatched.
Wished pin	No	If enabled, the card will be issued without an automatically generated PIN. The PIN must then be set manually by the customer (e.g., via mobile app, internet banking, or at an ATM).
Business card ID	No	Used for business/corporate card mapping.
Bin	Yes	BIN (Bank Identification Number) for the specific card product issued by the card processor.

Card Processor Detail

Parameter	Mandatory	Notes
Card Processor	Yes	Select processor handling card transactions.
External product Identifier	Yes	Unique identifier for this product in the processor system.
Config Id	Yes	Platform/product specific configurable card design reference

Securities

Parameter	Mandatory	Notes
Enable Online Payments	No	Allows card to be used for e-commerce transactions.
Enable Contactless Payment	No	Enables tap-to-pay (NFC) transactions.
Enable ATM Withdrawal	No	Allows ATM cash withdrawal.
Enable International Payments	No	Enables cross-border transactions.
Enable POS Payments	No	Allows use at point-of-sale terminals.

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)

Parameter	Mandatory	Notes
Single	No	Maximum amount allowed per ATM withdrawal.
Daily	No	Maximum daily ATM withdrawal limit.
Weekly	No	Maximum weekly ATM withdrawal limit.
Monthly	No	Maximum monthly ATM withdrawal limit.

POS (Point of Sale also known as Merchant Terminal)

Parameter	Mandatory	Notes
Single	No	Maximum amount allowed per single POS transaction.
Daily	No	Maximum daily POS transaction limit.
Weekly	No	Maximum weekly POS transaction limit.
Monthly	No	Maximum monthly POS transaction limit.