Zeta and Mastercard join forces to revolutionize credit card processing

Zeta, a banking tech startup that provides next-generation credit card processing to banks and fintechs, and Mastercard have announced a 5-year worldwide partnership.

As part of the partnership, the companies will work together to launch credit cards with issuers all over the world using Zeta’s contemporary, cloud-native, and completely API-ready credit processing stack. Mastercard has demonstrated its commitment to the collaboration by making a financial investment in Zeta.

“With Zeta’s next-gen credit card processing platform, we are fundamentally rewiring how issuers launch credit card programs by offering new paradigms over legacy mainframe systems,” said Bhavin Turakhia, co-founder & CEO of Zeta. “Amongst other benefits, our stack allows issuers to increase the lending book by composing contextual upsells using our extensive APIs and SDKs; reduce costs via pay-as-you-go SaaS billing; improve customer satisfaction by launching rich, self-serve experiences for card holders; and launch and iterate faster using our infinitely scalable cloud-native deployment. In Mastercard, we have a partner that is committed to undertake this journey with us and truly believes in this mission.”

Zeta aims to move the credit card processing industry away from fragmented, multi-vendor systems and toward nimble, composable, single vendor systems that are truly responsive to changing cardholder needs and preferences, with Mastercard’s support and integration of its capabilities in digital issuance, fraud and risk, loyalty solutions, and more. Issuers will be able to launch cards significantly quicker now that both parties have pre-configured important features behind the scenes, making it easier than ever to swiftly create and deploy flexible, highly configurable card programmes.

“As people shop and bank online more than ever before, Mastercard is partnering with Zeta to provide issuing banks and fintech innovators with modern credit card processing capabilities at scale that will maximize the safety, security and convenience of e-commerce, online banking, and contactless transactions. By deploying Zeta’s credit processing stack, issuers will have an opportunity to grow their user base, drive higher usage and enter new geographical markets, all while accelerating the cashless revolution around the world,” said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard. 

Zeta Tachyon Credit is the industry’s first modern credit processing stack that provides a credit and loan processing platform that is integrated. The stack includes functionality for the whole credit card programme lifecycle, including issuance, core, payments, BNPL loans, fraud and risk, incentives, and more. Issuers may quickly establish new revenue streams as BIN/balance sheet sponsors by delivering a complete credit Banking-as-a-Service (BaaS) and embeddable banking platform to co-brands, fintechs, and affinity partners using Zeta’s extensive APIs. In addition, Zeta provides its customers with a full suite of managed services, which includes servicing and collections, among other things.