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 | 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. |
Updated about 2 months ago