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 or Visa network and are automatically enrolled in the 3D Secure program for increased security and to limit fraud risk.

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 card usersCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds.

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.

A 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. is the individual or business entity that owns 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. (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 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. (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.). You can learn how to onboard your customers in our guides: onboard a corporate or onboard a consumer.

Card usersCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds.

A card userCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds. is the person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a user before a card can be used.

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 userCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds. is typically 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 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. is the business and the card usersCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds. are employees or individuals authorised to spend the corporate’s funds.

User roles

Weavr provides a set of pre-configured roles for users, that can be assigned depending on the level of access they require. This includes 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. role for users who do not require access to the rest of the corporate’s financial, and administrative, functions. Read the user roles section to find the most suitable role for your card usersCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds..

For a card to be used, certain information must be provided for the user that is linked to the card; this includes verifying the communication channels (email and phone) that have been provided. The information required is:

1. First and last name
2. An email address; validation of which (via user invite, or email verification process) is optional
3. A mobile number, that has been enrolled for an authentication factor (such as SMS OTP)
4. Date of birth
5. Country of residence (optional). This ensures compliance checks are completed more quickly

Creating a Card User

A user is created in the system as an Authorised User with the appropriate role assigned.

A card userCard User The person that a card is assigned to and who will use the card for purchases. Weavr does not support anonymous cards, and therefore all cards must be linked to a card user before a card can be used. For consumers, the card owner and the card user is typically the same person. For corporates, the card users are employees or individuals authorised to spend the corporate's funds. must provide all mandatory information before they can use a card; a user with incomplete information can still have a card provisionally assigned to them but it will remain in a NOT_ENABLED state and they will not be able to make purchases on the card.

Note: While every card must be assigned to a user, you are able to assign multiple cards to the same user.

"Card holder name" during online purchases

When making purchases or e-commerce transactions, you’re probably familiar with being asked for "card holder" details such as name and billing address. The details used for "Name on card" and "billing address" when creating the card should be provided in these situations.

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.

info

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