Card Management Systems
In today’s rapidly evolving financial ecosystem, organizations—especially banking and financial services institutions—are increasingly relying on Card Management Platforms (CMPs) to streamline and enhance their payment ecosystems. These platforms play a crucial role by catering to diverse business requirements, from customer and card lifecycle management to merchant acquisition, and by offering seamless integration with various external and internal systems. Key Functionalities and Capabilities Card Management Platforms serve as a central hub to manage the entire lifecycle of payment cards and associated services. Their capabilities include: Customer and Card Lifecycle Management – Overseeing card issuance, activation, maintenance, and deactivation. Merchant Acquisition – Onboarding and managing merchants to expand card acceptance networks. System Integrations – Connecting with Visa, Mastercard, and other card network processors, core banking systems, payment gatewa...