Companies

Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US

Businesswire

"Marqeta announced it has signed a five-year deal with Varo Bank, N.A. to become its issuer processor."

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Companies

Marqeta Becomes First Issuer Processor in the US Certified to Enable Visa Flexible Credential

Businesswire

"Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is working with Visa and Affirm to offer the Visa Flexible Credential, a single card product that can toggle between payment methods, putting the power of choice in the hands of the consumer."

Tags: Marqeta Visa

Companies

Marqeta: 2024 State of Payments Report

Marqeta

"The results are in. Companies that embed financial services into their native ecosystems can strengthen their businesses by improving customer loyalty and retaining valuable workers."

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Companies

Marqeta Announces New Customer Swiss4, Powering Its Premium Financial Services Offering to Meet Rising Consumer Demand for Personalised Payments Experiences

Business Wire

"Marqeta announced a new customer, Swiss4, providing real-time and personalised digital payment services for their customers."

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Companies

Marqeta Announces Global Expansion of Uber Eats Partnership into Eight Markets

Business Wire

"Marqeta announced the expansion of its US partnership with Uber Eats into eight additional markets: Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile and Costa Rica."

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Companies

Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools

Business Wire

"Marqeta announced a partnership with OakNorth to offer a commercial card for OakNorth’s Business Banking customers."

Tags: Marqeta OakNorth

Companies

Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance

Business Wire

"Marqeta announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances."

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Companies

Marqeta Announces New Credit Customer Internet Travel Solutions (ITS), Building Momentum for Key New Product

Business Wire

"Marqeta announced its new customer, Internet Travel Solutions (ITS), a leading provider of travel management software that will utilize Marqeta’s comprehensive credit card platform to launch a multi-use travel and expense (T&E) commercial credit card for the mid-sized business market."

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Companies

Torpago and Marqeta Launch Sunwest Bank’s Visionary Card Program

ACCESSWIRE

"Torpago, a commercial credit card and spend management provider, Marqeta, strategic partner of Torpago, and Sunwest Bank, a entrepreneurial business bank, announce the launch of Sunwest Visionary Card, Sunwest's commercial credit card and expense management solution."

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Companies

Marqeta and Credi2 Team Up to Provide New Instalment Capabilities for Banks in Europe

Business Wire

"Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Credi2 to provide an end-to-end instalments platform designed for banks, helping them deliver instalment payments on cards to meet growing consumer demand for more flexible and seamless digital payments experiences."

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Companies

Marqeta Announces Partnership with Scalapay to Deliver Buy Now Pay Later Across Europe

Businesswire

"Marqeta continues European bookings momentum by announcing a new partnership with Scalapay, Southern Europe’s leading BNPL provider with over five million customers."

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Companies

Marqeta Announces Customers Highlighting Innovative New Payments Use Cases in Retail

Businesswire

Marqeta, announced two customers that serve retailers, Extend and Financeit, demonstrate how Marqeta’s platform helps drive customer loyalty and deliver an impeccable experience for consumers.

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Companies

Marqeta Reports Second Quarter 2023 Financial Results, Announces Four Year Extension to Cash App Contract

Businesswire

"Marqeta highlighted several recent business updates that demonstrate its current business momentum:...Marqeta announced today that it had signed a four year extension with Block to continue powering its popular Cash App card product...Marqeta announced a new expansion into Brazil with a partnership with Latin American banking-as-a-service platform Fitbank."

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Companies

Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool that Optimizes Task Efficiency Up to 75 Percent

Businesswire

"Marqeta (NASDAQ: MQ), the global modern card issuing platform, unveiled Marqeta Docs AI, an AI-powered external-facing question and answer tool, in addition to early test results from its internal code generation tool that reduced the amount of time spent on coding and testing tasks by up to 75%."

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Companies

Marqeta Extends Block Partnership as Revenues Rise

AltFi

"Global card issuer Marqeta has signed a four-year extension of its partnership with Block as its revenues increased by nearly a quarter year-over-year (YoY) for Q2 2023. The company will continue to power Block’s mobile money transfer app Cash App through to 2027, and has also added a new partnership branching into Brazil with banking-as-a-service platform Fitbank."

Tags: Block Marqeta

Companies

Marqeta Announces Expansion into Brazil with Fitbank Partnership

IBS Intelligence

"Marqeta, a global card issuing platform, announced its expansion into Brazil. The company has partnered with Latin American banking-as-a-service platform Fitbank and network certification with Visa"

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Companies

Tuum Joins Up with Marqeta for Integrated Fintech Solution

Marqeta

"Today, Tuum announced our partnership to offer a pre-integrated fintech solution, accelerating time to market for Tuum’s customers by working with our open API platform. European banks and fintechs will be able to build flexible card programmes that deliver industry-leading modern digital payment experiences while saving resources, time and money."

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Companies

Marqeta Study: Consumer Confidence in Embedded Finance and Digital Banking Providers on the Rise for Majority of Americans

Business Wire

"The age of embedded finance and digital financial services has reached an inflection point, with new payments and shopping solutions now commonplace in the US alongside legacy systems, according to a new survey from Marqeta (NASDAQ: MQ), the global modern card issuing platform."

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Companies

Marqeta Survey: Over Half of SMBs Are Owed up to £75,000 Each Month in Outstanding Invoices

Businesswire

"The highest levels of inflation seen in decades are squeezing small businesses and creating an opportunity to reinvent how they access working capital, according to a new survey published today by Marqeta, the global modern card issuing platform. The company’s ‘Small business financing done differently’ research draws upon interviews with hundreds of small to medium sized businesses (SMBs) across Europe, looking at the opportunities for BNPL use by businesses as a mechanism to make access to capital easier without increasing overall debt risk."

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Companies

Marqeta Announces Partnership with Stables in Australia to Power Prepaid Card

Businesswire

"Marqeta, the global modern card issuing platform, today announced a new partnership with Stables (formerly Tiiik) to power its new Mastercard prepaid card. Based in Sydney, Australia, Stables is a digital wallet that allows users to spend, send and earn stablecoins, all on one balance. With Marqeta’s dynamic spend controls and Just-in-Time funding capabilities, Stables’ customers will be able to convert stablecoins into fiat and spend wherever Mastercard cards are accepted online and in-store globally."

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Companies

Marqeta Buys Fintech Power Finance in $275M All-Cash Deal, its First Acquisition

TechCrunch

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. About one-third of the purchase price is payable over a two-year period subject to certain undisclosed conditions.

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Companies

Marqeta Announces New Web Push Provisioning Product, Expanding Industry-Leading Payment Card Tokenization Capabilities

Businesswire

Marqeta, the global modern card issuing platform, today announced its new web push provisioning product. With web push provisioning, Marqeta customers can reduce friction at the point-of-sale and enable their users to pay directly from their mobile wallets without requiring them to download a mobile application.

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Companies

Rakuten France Launches New Integrated Payment and Cashback Solution, Club R Pay

Businesswire

“Rakuten France has announced the launch of a brand-new integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. A universal integrated payment solution, Club R Pay facilitates purchases for the 12 million members of the Club R loyalty program on over 2,000 sites while they enjoy their Rakuten rewards. This new initiative allows Rakuten to streamline the purchasing process and support its partners in their digitalisation and development…Thanks to strategic partnerships with Mastercard, the global payments network operating across 210 countries and territories, and Marqeta, the global modern card issuing platform who will power single-use virtual cards, Club R Pay provides an additional security guarantee and reduces payment risks.”

Tags: Marqeta Mastercard Rakuten

Companies

Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution

Businesswire

“Marqeta, the global modern card issuing platform, today announced that it has integrated Mastercard Track™ Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices. With Track Instant Pay, Marqeta customers in the U.S. will be able to immediately authorize a payment to suppliers after invoices are received instead of waiting for invoices to be approved manually, freeing up time to focus on growing their businesses instead of administrative tasks. This payment process empowers Marqeta customers to pay invoices more efficiently and access cost savings by avoiding costly check processing fees.”

Tags: Marqeta Mastercard

Companies

Fintech Marqeta Pushes into Banking for Next Growth Phase

Reuters

“Marqeta, a fintech company focused on payments services, is launching a suite of new banking products in a major push to deepen its relationships with customers which include Coinbase, Uber and DoorDash. The new “banking as a service” platform includes 40 new application programming interfaces, or APIs, that will be offered through Marqeta’s existing bank partners to provide customers with “demand deposit” accounts (such as checking accounts), early-pay capabilities and instant funding, along with other features.”

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Companies

Marqeta to Offer Banking Services as it Expands Beyond Card Issuing

MarketWatch

“Marqeta Inc. is expanding into banking products as the company looks to cash in on the wave of businesses that want to add financial-services offerings to their applications. The company is introducing demand-deposit accounts, which provide a traditional bank-account experience that’s tied to a debit card, along with the capacity for direct deposits and early access to pay. The company will also provide support for cash-loading and fee-free ATMs, bill payments and instant funding. It will further allow for automated clearing house (ACH) payments through a Plaid integration (subscription required).”

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Companies

Algbra Partners With Marqeta to Deliver New ‘Financial Movement’ for Communities and the Environment

Businesswire

“Algbra, a sustainable and values-focused digital finance innovator dedicated to providing ethical money solutions and promoting financial wellbeing, has announced a partnership with Marqeta. Marqeta is the global modern card issuing and payments processing platform, that empowers its partners to create customised and innovative payment cards, giving them the ability to build more configurable and flexible payment experiences. Through this new partnership, Algbra will leverage Marqeta’s open API technology to enable payments via its ethical finance app. The Algbra app’s features include a carbon footprint calculator for purchases, the easy ability to offset that carbon, transparent fixed rate fees and spending round-ups for good causes. This is underpinned by the company’s commitment for 10% of its profits to be directed to community projects. The partnership reflects a growing demand in the financial sector for digital solutions capable of supporting ethical and environmental objectives.”

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Companies

Uber Partners with Mastercard, Marqeta, and Branch to Launch New Uber Pro Card, Offering Faster Payments and Fuel Rewards for Drivers

Mastercard

“Uber drivers, couriers to get up to 10% cashback on gas; 12% on EV charging Uber today announced a new partnership with Mastercard, Marqeta, and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card offers customized perks including up to 10% cashback on gas and up to 12% on EV charging.”

Tags: Marqeta Mastercard Uber

Companies

Marqeta Study: Credit Cards and Buy Now, Pay Later Services Rise in Popularity as Australian Consumers Face Dual Squeeze of Rising Interest and Inflation Rates

Businesswire

“Actively rising inflation rates and continued consumer uncertainty are denting Australian consumer confidence and raising awareness of credit and BNPL options, according to a new survey published today from Marqeta, the global modern card issuing platform. The company released its annual State of Credit report for 2022, which surveyed 4,000 consumers globally – including 1,000 in Australia – highlighting consumer sentiment around spending trends, alongside consumer credit experiences and preferences. In Marqeta’s 2022 State of Credit report almost one-third (31%) of Australian consumers surveyed said that they struggled more with making credit card payments in the last 12 months.”

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Companies

Marqeta Brings Modern Card Issuing to Transit Vertical, Partnering With Mastercard Prepaid Managed Services (MPMS) to Enable Seamless Payment Experiences for Transport for NSW

Businesswire

“Marqeta, the global modern card issuing platform, today announced an innovative new transport partnership. Marqeta was named as the payment processor of choice for Opal Plus, the new transit program for Transport for NSW (TfNSW), in partnership with Mastercard Prepaid Managed Services (MPMS). The New South Wales government is introducing Opal Plus, a Mobility as a Service app within the Opal system, which allows subscribers to plan, book and pay for a tailored commuter experience directly from their mobile devices.”

Tags: Marqeta Mastercard