Marqeta to Bring Tokenized Cards to Apple Pay

Marqeta to Bring Tokenized Cards to Apple Pay

November 2, 2016         Written By Natalie Rutledge

Marqeta announced that developers will be able to use tokenization technology to give Apple Pay users more payment options, beginning in November.

Currently, if users want to add a Marqeta-supported card to Apple Pay, they must take a picture of the card details with their iPad or iPhone or manually enter the information. Marqeta’s Instant Issuance technology will now allow eligible cards to be issued directly into the wallet using a network token, so users will not need to take any additional steps to enter their card into Apple Pay.

Several partners have already signed on to issue payment cards directly into Apple Pay. Marqeta plans to announce these partnerships in the coming months.

“Our goal is to make payments faster, easier and more efficient. Everything we do is towards this goal,” said Marqeta CEO Jason Gardner. “Network tokenization technology is going to be an important element of the next phase of Marqeta, and by building on technology from large industry players like Apple and Visa, we’ll help greatly advance mobile first card technology.”



The information contained within this article was accurate as of November 2, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


natalierutledge

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
View all posts by Natalie Rutledge
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : No Annual Fee, Bonus Offer, Cash Back
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : No Annual Fee; Cash Back match at the end of your first year; Social Security Alerts
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time