Overview

Card issuance is a fundamental process within the financial services industry that involves the creation and distribution of payment cards, such as credit cards, debit cards, and prepaid cards. Acceleration Cloud provides the whole card issuance lifecycle API to allow clients to manage and monitor cards.

Card Issuance Flow

Key Components of Card Issuance

💰 Card Program Management: It represents a structured and organized set of plans, policies, and procedures that govern the issuance, management, and usage of payment cards. AccelerationCloud allows clients to define their own card programs or use the existing system's pre-defined card programs.

💳 Card Lifecycle: It refers to the series of stages that a payment card goes through from its initial creation to its eventual deactivation or retirement. The card lifecycle encompasses various processes and events that occur during the card's existence. AccelerationCloud platform provides the APIs that cover the card lifecycle process from creation to deactivation.

🚹 Cardholder Services: The cardholder is the person or organization to whom the payment card is issued. This individual or entity is considered the rightful owner of the card and is authorized to use it for financial transactions. AccelerationCloud has services that allow our clients can create and manage cardholders through API and help cardholders manage and use their cards effectively.

📔 Dispute Management: Disputes can arise for various reasons, including unauthorized transactions, billing errors, or issues with the quality of goods or services received, the goal of dispute management is to ensure fair and efficient resolution for both the cardholder and the merchant.

🔐RiskControl: AccelerationCloud implementing measures to identify, assess, and mitigate potential risks associated with the issuance and usage of payment cards. The aim is to enhance the security of card transactions, protect cardholder information, and prevent fraudulent activities

💻 Transaction Monitor: AccelerationCloud platforms offer continuous monitoring of card transactions in real-time to identify and flag suspicious activities, and also have the ability for client developers to subscribe to our webhook services to develop their own platform and flows.