Velmie launches card module to accelerate the rollout of fintech companies
US-based fintech provider Velmie has released an updated composable white-label solution with a card module to quickly build and launch a fintech business.
Designing and building an optimized and secure fintech product from scratch is complicated and time-consuming. It is necessary to consider such factors as product adaptation for the goals and needs of the company, cost and speed to market, the nuances of implementation in the existing IT system, etc.
The updated Velmie product includes a number of new modules, features and enhancements that meet all key requirements. Customers can mix and match pre-built modules to create a unique, customized solution.
Velmie’s card module’s abilities
The card module is a new feature in the Velmie white-label solution. In the financial industry, cards are a critical component of many companies’ offerings, whether it concerns digital banking, mobile payments or investment platforms.
Now Velmie offers a complete set of features to launch and manage a comprehensive and customizable card program. The solution gives companies the opportunity to issue both physical and virtual cards with one or more card issuing companies linked to Velmie.
Apple Pay and Google Pay integration: The solution allows businesses to integrate their card program with popular mobile payment options such as Apple Pay and Google Pay, allowing customers to make payments with their mobile devices.
Card administration: Velmie’s solution provides businesses with a range of card management tools, including the ability to issue, activate and deactivate physical and virtual cards. Businesses can also set spending limits and control transaction types, giving them greater control over the card program.
Company card: The solution allows companies to issue company cards to their employees, so that they can make purchases on behalf of the company at the same time as the company gains greater visibility and control over expenses.
3D safe: Velmie’s card module includes 3D Secure, an advanced security feature that provides an extra layer of protection against fraudulent transactions.
BIN sponsorship: Velmie offers BIN sponsorship services, allowing businesses to issue their own branded cards without having to go through the long and expensive process of becoming a licensed issuer.
Safe and equipped for the future
Executives from Velmie said they built white-label solutions not only to increase time-to-market for new fintech products, but to make them scalable and future-proof. They are excited to release their upgraded Velmie application. They believe it will be valuable for fintech companies and banks looking to create innovative solutions that meet customers’ changing needs.
Velmie’s card module is also designed to be highly secure and anti-fraud to ensure transactions are safe and secure. With this new solution, companies can be sure that their customers’ sensitive information is protected at all times.
