Riskified and Marqeta partner to cut false declines on card issuers' approvals
Card issuers on Marqeta's platform will be able to use Riskified's pre-authorization risk intelligence, drawn from merchant transaction data, before an order reaches the approval stage.
Riskified and Marqeta have signed a partnership intended to improve approval accuracy for card issuers and reduce false declines, according to an announcement reported Aug. 7, 2026 from New York and Oakland, California.
Under the arrangement, card issuers using Marqeta’s platform can draw on Riskified’s pre-authorization risk intelligence, with insights derived from Riskified’s network of global merchant transaction data fed directly into Marqeta’s card issuing platform, the companies said. That gives issuers additional context on an order before it reaches the approval decision, and strengthens Marqeta’s Real-Time Decisioning solution by incorporating merchant data into AI-based predictive risk scores.
The companies framed false declines as a problem of missing context, saying issuers often lack sufficient visibility into the relationship between a merchant and a consumer. Citing 2023 research by PYMNTS Intelligence and Nuvei, the announcement said roughly $157 billion of U.S. e-commerce revenue is put at risk, with $81 billion ultimately lost.
Riskified said it has already recorded results with other card issuing partners. Over a 30-day period, one large U.S. issuer saw approval rates rise 5.9% for ticketing, 1.4% for gaming and 1.6% for online retail, according to the release, while some merchants saw false declines fall 25%. The company also cited the retailer Lorna Jane, whose bank approval rate rose from 82% to 95% with chargebacks down more than 90%.
Merchants stand to gain higher approval rates on legitimate orders while issuers gain accuracy in their decisions, the companies said. Marqeta processed approximately $400 billion in annual payment volume in 2025 and is certified to operate in more than 40 countries, according to the announcement.
The release included comments from Jeff Otto, chief marketing officer at Riskified, and Anthony Pekulik, interim chief product officer at Marqeta. Riskified is listed on the New York Stock Exchange as RSKD and Marqeta on the Nasdaq as MQ.