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Stripe Issuing – An API for creating physical and virtual cards

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191–200 of 217 posts

Re: Stripe Issuing – An API for creating physical and virtual cards

#191
post #183

Earlier quoted context omitted.

Quick Q, who plays the role of the bank holding the backing funds? Or does stripe simply play the role of a transmitter, Btw is this similar to Marqeta‘s JIT solution?

We play the role!

To confirm, you meaning Stripe?

Does this work in all banking jurisdictions?

Re: Stripe Issuing – An API for creating physical and virtual cards

#193
Will keep an eye out in the coming weeks for:

    Setting the balance or editing it (could find nothing on it, maybe it was by invite) 
    Are the funds reduced from your income? Guess there will be API's to move funds between acceptance and issuing
    Webhook on the settled amount of every swipe (for several MCC's this changes considerably)
    I see active/inactive which block the card, maybe a call to disable/enable transactions will help 
    Requesting Stripe to considering getting the CVV/CVC as a separate GET call for security reasons
    a lambda'esque authorization code editor with custom logic rather than setting mcc rules may open up more use cases
And Stripe - please ping me when you launch this in India or start issuing with an international BIN :D For anyone looking for a service like this in India, checkout

    https://platformdocs.bon.pe/
It also has an API to create "paylater" cards. In which case during the authorization of every swipe - an auction takes place between lenders to decide who gets to fund that transaction based on a custom credit score, mcc, and interest rate bids for that mcc. Bon works with a bunch of gig economies here already.

~Bosky

Re: Stripe Issuing – An API for creating physical and virtual cards

#194
post #92

Earlier quoted context omitted.

Hopefully increasing the response time to > 2s (whether it's settable in the API or just has a longer timeout) is on the roadmap, I can think of lots of future use cases where you would want a human in the loop on authorizations. Looks like a great product and props to you and your team for shipping this.

There's actually an implementation of this for online sales in Europe (and probably other places in the world), it's called 3D Secure: https://www.visa.ca/en_CA/visa-everywhere/security/future-of... It adds a step during checkout where you are redirected to your bank/card issuers page to answer some security questions.

Yeah, I need to open my banking app and approve the payment there. I think it needs to be supported by the vendor though

Re: Stripe Issuing – An API for creating physical and virtual cards

#195
post #182
post #88

Earlier quoted context omitted.

So who determines whether it's run as debit or credit? The business creating the card at time of creation? The merchant?

We do :-) But it's based on quite precise Visa / Mastercard rules.

Is this determined as issuance time or purchase time?

Re: Stripe Issuing – An API for creating physical and virtual cards

#196

Earlier quoted context omitted.

Really? It may be an A/B test with different copy, because I don't see anything.

I think they were referring to the little card animation on the side, that shows a card with Visa debit at some point. (Note sure if that also answers backend issuer. There's also one with Mastercard in the animation.)

Mastercard's prepaid debit cards are quite popular with fintech startups.

Re: Stripe Issuing – An API for creating physical and virtual cards

#198
post #183

Earlier quoted context omitted.

We play the role!

To confirm, you meaning Stripe? Does this work in all banking jurisdictions?

He means Stripe (he introduced himself earlier in the thread), don't know the answer to the second q

Re: Stripe Issuing – An API for creating physical and virtual cards

#199
post #108
post #48

Earlier quoted context omitted.

It's not really the same. Monzo's a bank capitalising somewhat on UK Open Banking legislation[1] and the fact that traditional banks are very slow to move with the times. It's not a SaaS product, they're likely one of if not the first movers in the market. There are competitors (Monese, Tide for business, N26 is coming at some point soon). UK fintech is pretty vibrant. You would hope that Monzo is easy to replicate w…

Monzo's first competitor is Revolut.

I would say Starling is more comparable. Both are licensed banks with FSCS protection.

Re: Stripe Issuing – An API for creating physical and virtual cards

#200
post #166

Earlier quoted context omitted.

As a previous commenter mentioned Revolut do this. However I would suggest a temporary card that only lasts for 2 transactions. - the authorization charge (e.g. $1 on amazon.com) [1] - the actual amount of the purchase Too many times I have been caught out by the authorization charge, only to have the actual purchase fail. [1] https://aws.amazon.com/premiumsupport/knowledge-center/aws-a...

I use privacy.com which is awesome

To save others a click - looks good, but US-only.
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