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Cardless, a company founded in 2019 by Stanford graduates Michael Spelfogel and Scott Kazmierowicz, assists international airlines in launching and scaling credit cards in the United States. The company partners with First Electronic Bank for card issuance and management, offering airlines speed to market, direct integration into airline ecosystems, and unique underwriting methods.
Cardless has launched credit cards for LATAM Airlines, TAP Air Portugal, Avianca, and Qatar Airways. This summer saw significant airline credit card launches in the U.S., with Qatar Airways releasing two Visa products and Avianca unveiling two new cards on the American Express network. Cardless was behind both launches.
Michael Spelfogel, Co-Founder and President of Cardless, explained that the company's primary customers are now international airlines. Cardless works by partnering with First Electronic Bank to issue cards and manage compliance and regulatory risks. Cardholders use the Cardless app to manage their accounts.
