Fintech Credit Processing Streamlined Through Zeta’s Ongoing Partnership With Mastercard

  • Date: 10-Mar-2022
  • Source: The Fintech Times
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

Fintech Credit Processing Streamlined Through Zeta’s Ongoing Partnership With Mastercard

Zeta, a provider of credit card processing to banks and fintechs, has entered into a five-year global partnership with Mastercard. As part of the agreement, the firms will go-to-market jointly to launch credit cards with issuers worldwide on Zeta’s cloud-native and fully API-ready credit processing stack. Mastercard has underscored the partnership by making a financial investment in Zeta. “With Zeta’s next-gen credit card processing platform, we are fundamentally rewiring how issuers launch credit card programs by offering new paradigms over legacy mainframe systems,” said Bhavin Turakhia , co-founder and CEO of Zeta. “Amongst other benefits, our stack allows issuers to increase the lending book by composing contextual upsells using our extensive APIs and SDKs; reduce costs via pay-as-you-go SaaS billing; improve customer satisfaction by launching rich, self-serve experiences for cardholders; and launch and iterate faster using our infinitely scalable cloud-native deployment. “In Mastercard, we have a partner that is committed to undertaking this journey with us and truly believes in this mission.” With the integration of Mastercard’s capabilities in digital issuance, fraud and risk, and loyalty solutions, Zeta aims to take the credit card processing industry from the age of fragmented, multi-vendor systems to an age of nimble, composable, single-vendor