Cards overview

Create and manage cards for your corporatesCorporates Business entities that can be onboarded as identities on Weavr. Corporate identities represent companies and require Know Your Business (KYB) verification. They can have multiple authorised users and issue cards to card assignees. or consumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person..

Weavr MultiMulti Weavr Multi is an embedded finance solution that allows you to integrate financial services into your own application, providing a seamless experience for your customers. It enables you to offer managed accounts, managed cards, and transactions without requiring financial expertise. supports two types of cards:

• Virtual cardsVirtual Card A payment card that is created instantly and can be used for e-commerce and online purchases. Virtual cards are issued through the Mastercard network and are automatically enrolled in the 3D Secure program for increased security and limited fraud risk. They can be created in prepaid or debit mode., which are created instantly and can be used for e-commerce and online purchases.
• Physical cardsPhysical Card A payment card that is printed or embedded in wearables and sent to customers directly. Physical cards are created by first creating a virtual card and then upgrading it to a physical card. They are sent in an inactive state and must be activated by the card assignee before first use., which are printed and sent to your customers directly.

Weavr’s virtual cardsVirtual Card A payment card that is created instantly and can be used for e-commerce and online purchases. Virtual cards are issued through the Mastercard network and are automatically enrolled in the 3D Secure program for increased security and limited fraud risk. They can be created in prepaid or debit mode. are issued through the Mastercard network and are automatically enrolled in the 3D Secure program for increased security and limited fraud risk.

Card ownersCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. and card assigneesCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users.

Card ownersCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. are individuals or business entities that own the cards and the funds available to be spent via card purchases. Before you can issue cards, you need to onboard the card ownerCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. on Weavr. This includes completing a KYBKYB Know Your Business - the identity verification process for corporate identities. This process allows you to seamlessly and securely verify your business customer's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. process for business card ownersCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. or a KYCKYC Know Your Customer - the identity verification process for consumer identities. This process allows you to seamlessly and securely verify your user's identity. Weavr will ask users to submit the necessary information and documentation so that they can get approved by financial providers. process for individual card ownersCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners.. You can learn how to onboard your customers in our guides: onboard a corporate or onboard a consumer.

A card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. is the person that a card is assigned to and who uses the card. For consumersConsumers Individual persons who can be onboarded as identities on Weavr. Consumer identities represent individual customers and require Know Your Customer (KYC) verification. For consumers, the card owner and card assignee are typically the same person., the card ownerCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. and the card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. is the same person. For corporatesCorporates Business entities that can be onboarded as identities on Weavr. Corporate identities represent companies and require Know Your Business (KYB) verification. They can have multiple authorised users and issue cards to card assignees., the card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. and card ownerCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. are different entities, the corporate is the card ownerCard Owner The individual or business entity that owns the cards and the funds available to be spent via card purchases. Before cards can be issued, the card owner must be onboarded on Weavr, including completing a KYB process for business card owners or a KYC process for individual card owners. and the person using the card is the card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users.. You are likely to have many card assigneesCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. with cards for a corporate, who can spend the corporate's funds.

Card assigneesCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. as Authorised UsersAuthorised Users Individuals that have been invited by the root user to manage an identity's instruments and transactions. They are not the legal owners of the identity but can be granted access to perform operations on behalf of the identity. For corporates, card assignees are created as Authorised Users.

Weavr does not support anonymous cards. All cards must be linked to a card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users.. Therefore, for a card to be used, it must be linked to a card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users.. A card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users. is created in the system as an Authorised User.

Note, while every card must be assigned to a card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users., you are able to assign multiple cards to the same card assigneeCard Assignee The person that a card is assigned to and who will use the card. For consumers, the card owner and card assignee are the same person. For corporates, the card assignee and card owner are different entities - the corporate is the card owner and the person using the card is the card assignee. Card assignees must be created as Authorised Users..

Handling Card Sensitive Data

The full card number, CVV, and card PIN are considered PCI-sensitive data and therefore need to be transmitted and stored securely. Weavr’s security model offers an out-of-the-box solution so that this information never touches your server and you can comply with the lowest level of PCI compliance. You can learn how to use Weavr’s security model here.

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If your company and application are already PCI DSS compliant, you can opt out of using Weavr’s security model and instead receive sensitive data in plain text.

Card Modes

A card mode determines the way the card accesses the funds. Weavr MultiMulti Weavr Multi is an embedded finance solution that allows you to integrate financial services into your own application, providing a seamless experience for your customers. It enables you to offer managed accounts, managed cards, and transactions without requiring financial expertise. supports two card modes:

• Prepaid modePrepaid Mode A card mode where the card has its own balance and purchases are authorised based on this balance. Cards in prepaid mode can be topped up with funds and support transactions such as transfers and sends. If there are insufficient funds, purchases are declined until the card has sufficient funds. – the card has a balance and purchases are authorised on the basis of this balance
• Debit modeDebit Mode A card mode where the card does not have a balance of its own. Instead, debit cards are linked to a parent managed account and the system uses the linked account's balance to authorise and settle purchases registered on the card. Spend limits can be specified on the card via spend controls. – the card accesses the balance of a managed account

Plastic Cards

With Weavr, you can issue, print, and deliver plastic cards to your customers with your own customised card design. Learn about the customisation options offered by Weavr and find out how to set up your plastic cards here.

Retrieving a card's transactions statement

You can view the list of transaction entries on a given card by obtaining the managed card statement