Home   »   Banking Current Affairs 2023   »   Zeta partnered with Mastercard to power...

Zeta partnered with Mastercard to power bank’s s credit processing

Mastercard and Zeta, a financial tech startup that provides next-generation credit card processing to banks and fintechs, established a 5-year worldwide agreement today. As part of the deal, the companies will work together to create credit cards with issuers all around the world using Zeta’s modern, cloud-native, and API-ready credit processing stack.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams


  • According to a statement released by Zeta, Mastercard has bolstered the alliance by making a financial investment in the company.
  • Zeta hopes to move the credit card processing industry from fragmented, multi-vendor systems to 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 faster now that both partners have pre-configured essential features behind the scenes, making it easier than ever to quickly create and deploy flexible, highly customised card programmes, according to the banking tech unicorn.


  • Zeta Tachyon Credit is the only current credit processing stack in the business that can handle both credit and loan processing.
  • The stack includes features for issuance, core, payments, BNPL loans, fraud and risk, rewards, and more, spanning the whole credit card programme lifetime.
  • By providing a complete credit Banking-as-a-Service (BaaS) and embeddable banking platform to co-brands, fintechs, and affinity partners via Zeta’s comprehensive APIs, issuers may quickly develop new revenue lines as BIN/balance sheet sponsors.
  • Customers can also take advantage of Zeta’s comprehensive managed services, which include servicing and collections, among other things.

Find More Banking News HereBanks Board Bureau introduce development program for the management of PSB_80.1

Leave a comment

Your email address will not be published. Required fields are marked *