MOCA is a digital-first issuer and processor that provides customizable prepaid and debit card solutions for community financial institutions. By offering a modular payment platform with features like real-time transaction alerts and cash-back rewards, MOCA enables these institutions to enhance their product offerings and remain competitive in the financial services market.
Funding
$7.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WNFounders
Product
Problem
Community financial institutions face challenges in offering competitive and modern payment solutions, often lacking the technology and infrastructure to provide features like real-time transaction alerts, customizable card controls, and cash-back rewards. This limits their ability to attract and retain customers in a rapidly evolving financial landscape.
Solution
MOCA provides a modular, cloud-based payment platform that enables community financial institutions to offer customizable prepaid and debit card solutions. The platform allows institutions to select and integrate specific modules to enhance their existing product offerings or create entirely new payment programs. MOCA streamlines compliance, customer support, and BIN sponsorship, providing a comprehensive solution for institutions seeking to modernize their payment capabilities. By offering features like real-time transaction alerts, extensive card controls, and cash-back rewards, MOCA helps these institutions compete with larger financial players and meet the evolving needs of their customers.
Target Audience
MOCA primarily targets community financial institutions, government entities, and businesses seeking to offer modern and customizable payment solutions to their customers or members.
Features
- Customizable card solutions with branding options for both in-app and physical cards
- Real-time transaction alerts and extensive card controls for users
- Cash-back rewards programs to drive adoption and usage
- Streamlined CIP (Customer Identification Program) and compliance processes
- Cloud-based proprietary system of record for secure and reliable data management
- Family card solution with features like non-interest income generation
- Purchase card solution with a portal for managing multiple cards and attaching receipts to transactions
- Patriot Card solution for government entities, veterans, and active-duty military with white-glove support and direct deposit capabilities