Card-as-a-Service is proving to be the next big “as-a-service” for banks and fintechs who seek to diversify their card issuing revenue and reach new customer segments. What kind of functionality is usually expected from a CaaS provider? What are the benefits of CaaS for non-financial companies?
If your company aspires to become a Card-as-a-Service provider, read this article by OpenWay, a top-ranked payments technology vendor, to learn the answers. We will cover:
- What is CaaS and what it is not
- Which card issuing, processing, and managing functions CaaS providers are expected to provide
- Who are the players and partners in the CaaS space
- Benefits of the CaaS operational model – what kind of cards can be issued, and for whom