Gardner: Marqeta's JIT technology reduced Postmates card fraud to near zero
Jason Gardner · Welding Yourself to Early Customers with Marqeta's Jason Gardner · Nov 28, 2023 · at 11:01
Jason Gardner, founder and executive chairman of Marqeta, describes developing Just-In-Time funding with Postmates to eliminate card fraud in food delivery logistics.
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“So we created a technology called JIT or just in time, which allows them to essentially authorize their own transactions. So we send the transaction to them, you know, they check is the driver on shift or in the right location using Google's map API using lat long, and then they can authorize a transaction and the fraud went from a lot down to virtually zero.”
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