September 20, 2024

AffiniPay and Marqeta collaborate on a credit product.

March 01, 2024
2Min Reads
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Today, Marqeta (NASDAQ: MQ), the leading global platform for contemporary card issuance that powers some of the most inventive integrated financial solutions available, announced a collaboration with AffiniPay, the industry leader in online payments and professional software.

The forthcoming release of MyCase Smart Spend, a spend management tool that helps businesses better manage their finances and streamline their spending and is enabled by a LawPay Visa SMB revolving credit card embedded directly within the MyCase platform, will be made possible by Marqeta.

Law firms and legal professionals, like many small businesses, are burdened by manual cost monitoring and lose significant time and money when reconciling their finances on a monthly basis. With the introduction of MyCase Smart expenditure, MyCase is now a complete legal industry solution, providing a single point of contact for firm operations and expenditure management from beginning to end. Marqeta was chosen by AffiniPay due to its reliable platform for creating dynamic, adaptable, and customer-focused card programs at scale. Through their partnership with Marqeta, MyCase Smart Spend customers will have access to a comprehensive and user-friendly platform that provides them with real-time transaction data, spend controls, and card issuing for their credit card offering. This makes it easier for cardholders to access funds and keep track of business spending.

Bryan Thompson, Chief Technology Officer of AffiniPay, stated, "Marqeta fully understands the complexity of building new card programs that are tailored to the specific needs of legal professionals." "We looked for a partner who could support us in fulfilling our commitment to provide our clients with enhanced financial insights and increased productivity. We're excited to collaborate with Marqeta to launch this product and keep providing cutting-edge credit solutions.

Customers of Marqeta commercial credit can select from a variety of flexible funding options for their cards, including Receivables Purchase, Net 30 Charge Cards, and Revolving Credit, enabling them to more easily access money and manage the financial health of their businesses. With its proficiency in payments and program administration, Marqeta manages all the complexities involved in launching new card programs, including assisting clients in fulfilling relevant legal and regulatory obligations. Customers can give personalized rewards, spin up cards for new users, and free up additional working money to keep up with business needs with ease using Marqeta's platform.

Todd Pollak, Chief Revenue Officer, stated, "We're proud to enable forward-thinking companies like AffiniPay to deliver branded business credit cards that help them retain customers and drive loyalty." This is possible because to our fully integrated embedded credit solution. Customers will have more control over their card program and, in the end, a more unified picture of their finances thanks to our extremely flexible yet precisely calibrated restrictions. As a result, rather than depending on laborious paper-based procedures, legal companies may now reconcile receipts and expenses from various platforms. Small firms will benefit from this solution's ability to simplify client management procedures and offer creative cost-control measures, giving them more time to concentrate on their cases rather than administrative duties.
 

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