TL;DR: Torpago Partners with Marqeta to Launch Sunwest Visionary Card

US-based card issuing platform Marqeta has partnered with Torpago and Sunwest Bank to launch the Sunwest Visionary Card. This commercial credit card is an expense management solution developed on Marqeta’s card issuing API. The card program will provide customizable solutions for Sunwest’s customers.

Key Points:

• Torpago partners with Marqeta and Sunwest Bank to launch the Sunwest Visionary Card.
• The Visionary Card is a commercial credit card that offers expense management solutions.
• Torpago’s technology platform and Marqeta’s card issuing API power the Visionary Card.
• Sunwest Bank aims to deepen customer relationships and attract new business through this partnership.
• Torpago’s platform includes end-to-end infrastructure for loan origination, card issuing and fulfillment, fraud monitoring, web and mobile apps, and expense management tools.
• The collaboration will help Sunwest Bank generate new income streams and improve operating efficiency.

Summary:

Marqeta, a US-based card issuing platform, has partnered with Torpago and Sunwest Bank to launch the Sunwest Visionary Card. This commercial credit card will serve as an expense management solution and will be powered by Torpago’s technology platform and developed on Marqeta’s card issuing API. With community banks playing an essential role in supporting local businesses and neighborhood growth, this collaboration will allow Sunwest Bank to offer market-leading products under its brand. Sunwest Bank aims to deepen customer relationships and attract new business with the launch of the Visionary Card.

Torpago’s technology platform offers a bank-branded, low-code/no-code solution that includes various services, such as loan origination and underwriting, card issuing and fulfillment, fraud monitoring, web and mobile apps, expense management tools, and third-party integrations. Torpago also provides compliance, cardholder support, and collection services. Through Marqeta’s APIs, Torpago’s card issuing, spend controls, and card fulfillment will be made available for the Visionary Card. Sunwest Bank will be responsible for customer acquisition and leveraging its balance sheet.

According to Torpago, this collaboration will help Sunwest Bank generate new income streams, attract deposits, and improve operating efficiency. Marqeta emphasizes the importance of creating a delightful banking experience for customers to deepen their relationship with the bank. By customizing the Visionary Card program, Sunwest Bank can deliver a personalized experience for its cardholders.

Marqeta has been actively involved in collaborations and developments globally. In November 2023, the company partnered with Credi2 to provide new installment capabilities for banks in Europe. In December 2023, Marqeta launched a new credit card platform to optimize customer engagement and loyalty strategies for companies.