New in June: Enhanced Card Controls, Partner Marketplace, and more

This month we’re introducing additional card controls, the Treasury Prime Partner Marketplace, and more international wire functionality. We’ve also got a few events you don’t want to miss. 

Looking for more updates? Check out the Changelog.

Product updates

Enhanced Card Controls for Marqeta Card Programs

Our latest release adds additional, fine-tuned card controls to those previously-available via Treasury Prime. Enhanced Card Controls provide customers running Marqeta card programs the ability to:

• Set monthly and daily transaction and withdrawal limits
• Restrict by merchant ID (MID)

Use these controls to develop products or beef up your compliance program. We can’t wait to see what you build. 

Partner Marketplace 

In case you missed it, we recently unveiled the Treasury Prime Partner Marketplace. The Partner Marketplace allows us to bring top product providers directly into the Treasury Prime ecosystem, enabling certified partners to furnish their products and services for Treasury Prime banks and companies quickly, easily, and at scale.

To learn more about the Partner Marketplace and how it can benefit your organization, check out this blog post by Chief Platform Officer, Mark Vermeersch.

Receiving International Wires

Following last month’s release enabling customers to originate international wires in USD, we are pleased to announce you can now receive international wires into your Treasury Prime accounts.

This international wire functionality is available natively on the Treasury Prime platform and requires no partner integrations, saving you time to work on your product.  

International wire functionality, both sending and receiving international wires, is currently available at Grasshopper Bank. International wire functionality is enabled upon approval by the sponsor bank. 

Feature highlight

International Features Suite

Did you know that Treasury Prime provides a full range of international features to enable your business to expand product functionality and reach new markets?

Treasury Prime’s international functionality includes the following:

• International Applications - Open accounts for non-US citizens and order cards to non-US addresses
• International KYC - Pass international applications (for non-US citizens) to Alloy for KYC
• International Wires USD - Send and receive international wires in USD directly from the Treasury Prime platform 

To learn more, check out our blog post explaining how international features can help you expand your customer base and increase revenue. 

International functionality is enabled upon approval by the sponsor bank. Contact your CSM for more information. 

On-Demand Webinars

OneKey to Manage Concentration Risk in Embedded Banking

If your bank is planning its entry into embedded banking, you don’t want to miss this webinar. 

Most BaaS platforms ask sponsor banks to support all features and take on potentially fast-growing clients. OneKey Banking enables banks to participate in embedded banking on their own terms. With OneKey, the industry’s first interconnected multibank network, sponsor banks are able to select the features they wish to support and may collaborate with other banks to serve clients.  

In a recent webinar, we discussed how this novel approach to embedded banking not only vastly expands the realm of deals available to sponsor banks but enables portfolio diversification and concentration risk management.

To learn more about these topics watch the webinar.

Upcoming Webinars

An Introduction to Treasury Prime’s Partner Marketplace

Thursday, June 22, 2023

12:00 p.m. PDT

Join us for a webinar to learn more about how the Partner Marketplace can benefit your organization. Whether you’re a fintech, enterprise, bank, or product partner, this webinar is designed to introduce you to our Partner Marketplace and how your company can utilize this new initiative from Treasury Prime.

Register

ChatTPE

Just Intelligence, Nothing Artificial

Introducing ChatTPE, our new monthly interactive LinkedIn Live audio series where we’ll discuss fintech news and current events that matter to founders and embedded banking professionals. Each ChatTPE will feature experts who will dive into a topic, and then we’ll open it up to you for questions.  

First up: 

The Implications of FedNow and Real-Time Payments

FedNow, the Federal Reserve's much anticipated instant payments system, is set to launch in July and change the face of the financial services industry. Join us for an interactive Linkedin live audio event as we delve into how FedNow will revolutionize the way individuals, businesses, and financial institutions conduct transactions. 

Guests: Amias Gerety, Partner at QED Investors and Former Assistant Secretary of the U.S. Treasury, and Treasury Prime CEO Chris Dean

Date: Thursday 6/22 at 11am PST; 2pm EST
Location: LinkedIn Events

Don’t miss it!

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