Payhawk and Marqeta expand partnership for advanced card controls

By Gloria Methri

Payhawk, the global spend management solution, has expanded its partnership with Marqeta to combat fraud and misuse of corporate funds using Advanced Card Controls.

The new feature is available in all 32 countries where Payhawk offers its premium Visa debit and credit cards and is the next step towards secure and convenient expense management for businesses.

Unlike traditional providers, Payhawk’s smart Visa credit and debit cards come with built-in spend control policies and automated approval workflows. These advanced controls are designed to give finance teams control over spending without hindering employees’ access to the funds needed to operate efficiently and grow.

With Marqeta, companies can more easily empower employees to spend in a way that aligns with policies and business goals. Fighting fraud, ensuring compliance, and increasing operational efficiency has never been easier.

Businesses using Payhawk’s smart cards can now set additional controls, including vendor, merchant category, time and day, and country and region restrictions, as well as regulating spending caps, ATM withdrawals, online payments, and payment requirements. These innovations are enabled by Marqeta, whose collaboration has accelerated the push toward integrated smart card management.

“Payhawk’s product collaboration with Marqeta makes it easy for companies to implement sophisticated card issuance controls for debit and credit cards issued in 32 countries,” said Hristo Borisov, CEO and co-founder of Payhawk“We are committed to continually developing new technologies that offer extensive customization options without compromising on usability. Our state-of-the-art Advanced Card Controls make it easier than ever for finance teams to ensure all card issuance is compliant.”

“Accurately tracking and managing employee spending is a critical aspect of any business, but it also represents a potential vulnerability,” said Marcin Glogowski, SVP, Managing Director Europe and UK CEO at Marqeta“At Marqeta, we use an open API to create bespoke card products on demand with dynamic spend controls that fund spend in real time to minimise fraud and manage employee spending power. Our partnership with Payhawk demonstrates the future of corporate spend management built on robust fraud prevention, compliance, efficiency and seamless customisation.”