Everything you need to run a credit card programme
You can find all the components needed to run a credit card programme from us - then simply pick the type of card you need. Credit card issuing and processing can be complex, we aspire to make it as straightforward as possible. Enfuce’s modular platform is built to be flexible, scalable, and secure.Credit cards with features that cover a wide range of needs
Issue feature-rich credit card products in many forms and compatible with all geographies and payment methods, including virtual and physical cards, digital wallets, and more.
Charge cards
Credit cards which require 100% of outstanding balance to be paid in full.
Revolving credit
Exemplified by credit cards, empowers users to maintain a balance within a set credit limit, offering flexibility in spending and repayments.
Instalment based credit programmes
Akin to buy-now-pay-later (BNPL), offer flexibility—pay in 4 or monthly, turning expenses into manageable strides.
The crucial Credit Ledger - why flexibility is essential
The credit ledger is the backbone of your credit card business. It’s the running record of accounts, transactions, balances, credit limits, interest calculations and any other data involved with your credit card accounts.
Building a ledger combines the challenges of software development with the ongoing threats of cybersecurity and the rigours of financial compliance.
Enfuce has one of the most adaptable credit ledgers on the market. We’re continuously maintaining and improving it to support different use cases, market and regulatory requirements. It keeps track of balances, different payment priorities, supports multiple ways to calculate interest and offers different minimum-to-pay and instalment (BNPL) options
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“In order to deliver our vision of embedding loyalty-based card payments into our lifestyle app, we needed a partner who could offer a turnkey service and guide us in entering the payments business. Enfuce’s virtual revolving credit offering is just what we needed. Their credit ledger alone has saved us hundreds of hours of development work, which we were able to use towards advancing our app. We feel we’re in safe hands as we scale our business”
Gunnar Hafsteinsson,
Managing Director, Síminn Pay, pioneering fintech subsidiary of Iceland’s largest telecommunications company Síminn. -
In Enfuce we have found a partner who is truly innovative and flexible, with the same high standards of security and compliance that NBX has.
Stig Kjos-Mathisen, CEO of NBX
You don’t need to use our credit ledger, but you can when you need it - that’s the beauty of Enfuce’s modular platform.
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Flexibility and speed with modern technology
Enfuce provides turnkey solutions that can be quickly customised and integrated into a credit card issuer’s existing infrastructure. This can significantly reduce the time it takes to launch a new credit card product or feature. We’re also experienced in card programme migrations and launching in new markets.
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Keeping the costs low
Developing and maintaining a credit card program and credit ledger can be expensive, especially for smaller issuers or alternative lenders. Partnering with Enfuce can help lower costs by providing access to up-to-date technology, infrastructure, and expertise that might otherwise be out of reach.
Get access to cutting-edge technology and innovative features without having to commit the resources to develop them yourself. Enfuce gives credit card issuers access to new technology and features that can enhance their offerings and improve customer experience.
Avoid the overheads and maintenance involved in fraud prevention and staying up-to-date with compliance requirements. Enfuce focuses on security and compliance, so you don’t have to.
We provide credit card issuers and alternative lenders with access to the latest security measures and protocols, helping to reduce the risk of fraud and data breaches.
Why are payment card ledgers challenging to build and maintain?
When considering whether to build or buy your ledger, it’s important to consider the factors that make these systems (especially credit card ledgers) challenging to build and maintain:
- Scalability – Card systems must be built to handle growing account and transaction volumes, processing and recording a high-volume of transactions in real-time. This requires scalable infrastructure and data management systems with load-balancing, built-in redundancies and distributed data.
- Data integrity – Ledgers have to be a reliable system of record for all accounts, balances and transactions. This requires rigorous data validation and verification. Inaccurate data can lead to incorrect calculations and balances statements, which can lead to customer disputes and loss of trust.
- Complexity – There are many different types of data that need to be recorded in the ledger beyond just transactions, and everything needs to be tracked and timestamped accurately.
- Security and privacy – Card systems are full of sensitive information and are often the targets of fraud and cyber security attacks. Building a ledger requires implementing and maintaining strong security measures.
- Integrations to other systems – Card transactions require real-time interactions with different external systems such as financial institutions, payment processors, merchant networks and card schemes. Data from these needs to be gathered and reconciled in the credit ledger.
- Compliance and regulatory requirements – Card ledgers need to meet the requirements of PCI-DSS and financial reporting standards. Building a system that meets regulatory obligations, requires specialist expertise and ongoing support to ensure your business meets the required standards.
What are the revenue streams from credit card products?
Credit card products can be lucrative, with possible revenues from interest, card subscriptions fees, late payment and reminder fees, ATM withdrawal fees and credit interchange.
Enfuce’s API enables you to flexibly set these fees and unlike most issuer processors, we will share the majority of the interchange revenue with you or let you keep it entirely, depending on the type of your card programme.
Why launch a credit card?
There’s a reason why more and more brands, fintechs, and alternative lenders are considering launching their own credit cards. Credit cards enable you to embed finance into your services. They are also a way to build customer loyalty, gain more customer insights from transaction data, and enhance your brand.