Marqeta launches UX Toolkit & Portfolio Migrations tools

Marqeta has introduced two new products, UX Toolkit and Portfolio Migrations, to enhance its program management capabilities.

The announcement aims to decrease the time required to migrate cardholders onto the Marqeta platform while also allowing clients to design modern cardholder experiences efficiently. Marqeta's CEO, Simon Khalaf, highlighted the necessity for card programs to meet consumer expectations swiftly, stating, "Card programs that fail to meet consumer expectations risk being left behind. The market is moving quickly and innovators need a partner like Marqeta that can keep up. As leaders in card program management, Marqeta is constantly raising the bar, making it easier for companies to move to our platform and create delightful experiences that meet consumers where they are."

The UX Toolkit is designed to eliminate extensive front-end development periods, enabling faster creation of payment experiences while ensuring compliance with regulatory standards. The toolkit provides a comprehensive set of User Interface (UI) components and templates, optimised for Marqeta's APIs, which facilitate the design of engaging user interfaces for debit and credit programs. As detailed by Marqeta, "UX Toolkit allows its customers to build truly unique and branded cardholder experiences, guided by Marqeta's deep expertise in designing payment flows." The toolkit also features Marqeta Studio, facilitating extensive customisation to align with a business's brand.

Dror Liebenthal, Co-Founder and CEO of Bold.org, expressed enthusiasm about the UX Toolkit, saying, "As soon as Marqeta showed us its new UX Toolkit, its capacity to accelerate how we create exceptional cardholder experiences was readily apparent. With this toolkit, we can easily and quickly modernise our payment experience to reflect our brand and meet the needs of our customers." Bold.org is among several customers, including Finfare, that have adopted the UX Toolkit to enhance their offerings.

The Portfolio Migration service aims to simplify the often complex process of transferring card programs to Marqeta's platform. Utilising an advanced migration engine, the service ensures a smooth transition and maintains a seamless cardholder experience. With Portfolio Migration, Marqeta aligns transferred data with its own standardised scale and offers access to advanced card management features and data analytics. This service helps reduce the operational burden on businesses migrating their card programs.

Matt Sollie, SVP & GM of Card Program Management at Marqeta, remarked, "Our new UX Toolkit and Portfolio Migrations engine represent the full strength of Marqeta, innovative new products shaped by our unmatched experience building and scaling card programs. It's never been easier to migrate a program to Marqeta, build out a best-in-class front-end payments experience and tap into the full benefits of our program management tools."

Marqeta continues to enhance its program management tools, aiming to empower its customers to deliver better user experiences for cardholders through its established expertise in card program management.