Visa and Mambu Partner for Global Debit Processing
Industry News
Mambu has announced a collaboration with Visa to use Visa DPS, one of the world’s leading processors of Visa debit transactions. The move will enable Mambu to provide additional card services, such as linking consumers to Visa DPS for end-to-end card issuance operations.
Visa DPS handles more than half of all Visa US debt. Visa DPS uses ISO 20022 for authorization via an API interface. “Customer demand for card services is expanding quickly, whether it is from conventional financial institutions or fintech,” said Kevin Trilli, chief product officer at Mambu.
“Whether starting on digital transformation or establishing a new card program, strategic collaborations and interoperability of service providers give the best value, choice, and flexibility for clients. This is a significant step toward making financial services more easy, transparent, and linked,” he added.
Todd Brockman, global head of issuing solutions at Visa, also stated about this collaboration: “Today’s banking and payment market demands agility and an architecture that can readily adapt to the rapid pace of innovation in our business,”
“We’re thrilled to be bringing our contemporary API-based processing capabilities to Mambu’s expanding marketplace of composable payment solutions, and we believe our cooperation will provide enormous value for our customers and their cardholders.”
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