Synctera Partners with Marqeta and Mastercard, Launches Card API
On August 4, 2021, Synctera announced new partnerships with Marqeta and Mastercard alongside the launch of its Card API product. The partnerships enable Synctera to offer Cards-as-a-Service, allowing fintechs and community banks to rapidly issue debit card programs with minimal development effort. Marqeta contributes its card issuing and processing infrastructure, while Mastercard provides network access and card scheme capabilities.
Synctera acts as the BaaS orchestration layer connecting fintechs with community bank partners. The Card API simplifies the typically complex process of launching card programs, reducing time-to-market for fintech companies. A full Cards-as-a-Service product was announced for rollout in fall 2021.
The move significantly expands Synctera's product suite beyond its existing banking-as-a-service offerings and strengthens its position as a multi-product BaaS platform.
- Strengthens the BaaS middleware model by integrating major card infrastructure providers into a single platform
- Lowers barriers for fintechs and community banks to launch card programs, accelerating embedded card issuance