Debit Card Issuance

Sankaet Pathak

Chief Executive Officer

Today we are announcing white labeled debit card issuance for individual and business accounts. With this new feature, platforms can now issue debit cards on top of our deposit and FBO account products.

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Adding support for interchange is straightforward:

Create an CARD-US or SUBCARD-US node (https://docs.synapsefi.com/docs/debit-cards)¹.
Then you can fund the card with a transaction from deposit or FBO account to the CARD-US or SUBCARD-US node (https://docs.synapsefi.com/docs/create-transaction).

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Currently we are issuing cards with Visa and using MoneyPass for the ATM network.

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If you wish to enable debit card issuance, please reach out to us at help@synapsefi.com.

[1] CARD-US is a card issued on top of a DDA account. SUBCARD-US is a card issued on top of an FBO account. You can learn more here: https://docs.synapsefi.com/docs/node-resources#section-node-types

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Sources

The Launchpad for
Financial Innovation

help@synapsefi.com

* Synapse-Enabled Services services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”). Synapse is not a bank and is not affiliated with any Platform Operator.

Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. See Synapse Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information.
The Partner Financial Institution(s) participating in a Synapse cash management program can be found in the List of Program Banks.
Deposit, Banking and Card services are provided by Synapse Financial Technologies, Inc.’s partner banks.
Credit services are provided by Synapse Credit LLC, a licensed U.S. lender in designated states.
Use of the Synapse-Enabled Services are subject to the Terms of Service.

Use of our (Synapse Financial Technologies, Inc.) services are subject to our Terms of Service.

Debit Card Issuance

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Sankaet Pathak

March 8, 2018

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