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Articles from Marqeta

Marqeta Powers Trading 212’s Expansion into Continental Europe
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is powering Trading 212’s launch into 20 countries in continental Europe. Marqeta powers the Trading 212 card, a debit card that helps Trading 212 deepen its relationship and increase engagement with its over 3 million customers, allowing consumers to spend on the Trading 212 platform with zero fx and account fees and earn 0.5% cashback rewards that can easily be reinvested in the platform.
By Marqeta · Via Business Wire · January 22, 2025
Slope Taps Marqeta to Power Buy Now, Pay Later Card, Enabling Brands And Marketplaces To Offer Flexible Loan Options
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced its customer Slope, powering the Slope Card and enabling low interest Buy Now, Pay Later (BNPL) loan options for its commercial customers. The Slope Card enables businesses to pay in-store or online with 30 or 60 day loan options, allowing for increased flexibility and choice in how they make payments and manage their finances.
By Marqeta · Via Business Wire · December 12, 2024
New Marqeta Research Finds Tremendous Opportunity for Credit Providers to Rethink Customer Loyalty
Traditional approaches to credit card loyalty have shifted as more people use digital payments, and financial services companies need to reinvent their approach to reflect the current reality, according to new research out today from Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators. The fourth annual State of Credit Report, released today at Money2020 in Las Vegas surveyed 3,000 people, including 2,000 in the United States, about their use of credit cards, Buy Now Pay Later products and preferences when seeking out new cards. The company’s research found that among people surveyed, credit card loyalty is close to nonexistent, economic uncertainty is leading to more people struggling to pay their credit card bills, and that people have high expectations for what a credit card can provide, but they’re not getting their needs met.
By Marqeta · Via Business Wire · October 29, 2024
Marqeta Announces Marqeta Flex, An Industry-Leading, Buy Now, Pay Later Solution That Can Be Embedded Into Payment Apps
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today unveiled its Marqeta Flex solution at Money 2020, an innovative new solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment flow.
By Marqeta · Via Business Wire · October 28, 2024
Marqeta Announces New Enhancements to Its Program Management Capabilities, Reducing the Complexity of Building Modern Payment Experiences
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools. Marqeta’s program management capabilities combine the power of its technology with its breadth of expertise around card implementation, helping to drive the success and scalability of its customers’ card programs. UX Toolkit will allow Marqeta’s customers to create modern payment experiences from scratch with fewer development resources required, while its Portfolio Migration service reduces complexity for customers upgrading existing card programs onto the Marqeta platform, without impacting their existing cardholder experience. Combined, these two products are expected to further enhance Marqeta’s leadership in program management and enable its customers to deliver better user experiences for their cardholders.
By Marqeta · Via Business Wire · October 22, 2024
Marqeta and Found Bring Streamlined Expense Management Offerings to SMBs and Self-Employed Professionals
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a new customer, Found, a business banking platform that supports small businesses and the self-employed. Found’s commercial card solution, powered by Marqeta, allows small businesses and self-employed entrepreneurs to access more sophisticated and customized business banking capabilities than are traditionally offered to them. With streamlined expense management capabilities, Found users can easily monitor and control card spending, helping them manage their finances more efficiently and securely.
By Marqeta · Via Business Wire · September 26, 2024
Marqeta Announces Fouzi Husaini as Company’s Chief Artificial Intelligence Officer
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta’s AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helping accelerate our pace of innovation.
By Marqeta · Via Business Wire · September 23, 2024
Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it has signed a five-year deal with Varo Bank, N.A., the first nationally-chartered consumer techbank in the U.S., to become its issuer processor. Varo Bank offers services such as fee-free checking accounts, free ATM access at over 40,000 locations, cash advances and lines of credit, secured credit-building credit cards, instant payment solutions and high yield savings accounts to customers, with over five million cards in-market. Varo selected Marqeta for its ability to combine sophisticated virtual, tokenized and physical card-issuing technology with faster speed-to-market which will help its customers improve their daily relationship with money.
By Marqeta · Via Business Wire · August 6, 2024
Marqeta Becomes First Issuer Processor in the US Certified to Enable Visa Flexible Credential
Marqeta (NASDAQMQ), 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. Marqeta achieved certification with Visa Flexible Credential in May 2024, which will enable cardholders of Marqeta’s participating customers to easily set parameters or choose whether they use debit, credit, “pay-in-four” with Buy Now, Pay Later or even pay using rewards points.
By Marqeta · Via Business Wire · July 25, 2024
New Marqeta Research: Americans Are Happy To Swap Physical Wallets for Mobile Phones, Contactless Payment Use Trails Key Global Markets
The US is seeing high demand for innovative new payment solutions, reveals recent data from Marqeta (NASDAQMQ). Marqeta, the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, today released its fifth annual 2024 State of Payments Report, surveying 4,000 consumers across three continents. The research highlights the massive market potential and demand in the US market, with a strong desire for modern payment solutions and embedded finance offerings, particularly among Gen Z and Millennials. This contrasted with lower penetration of modern payment behaviors in the US, with US contactless adoption rates and mobile banking lower than in the UK and Australia. Forty-six percent of US respondents said they’ve used a form of contactless payments in the last seven days, compared to 80% in the UK and 69% in Australia, while 56% of Americans surveyed said they’ve used their mobile banking app in the last seven days, compared to 71% in the UK and 67% in Australia.
By Marqeta · Via Business Wire · July 23, 2024
Marqeta to Host Inaugural Future of Money Day Event on August 15, 2024, Showcasing How Payments Innovation is Transforming Small Businesses
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a new community event, Future of Money Day, sponsored by Visa to spotlight payments innovation that is helping small businesses in Oakland and throughout the country. Future of Money Day is a financial literacy community event that will include educational panel sessions discussing the evolution of financial technology and how current and future offerings can positively impact the small business community.
By Marqeta · Via Business Wire · July 18, 2024
Marqeta Announces May 2024 Investor Conference Presentations
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced its executives are participating in two upcoming investor conferences.
By Marqeta · Via Business Wire · May 15, 2024
Marqeta Announces Global Expansion of Uber Eats Partnership into Eight Markets
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced the expansion of its US partnership with Uber Eats into eight additional markets: Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile and Costa Rica. Marqeta’s global platform allows customers to launch card products in more than 40 markets through a single integration. This scale helps partners such as Uber Eats reduce effort and time-to-market for subsequent launches.
By Marqeta · Via Business Wire · May 1, 2024
Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance
Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances. Marqeta will power the Rain Card, a branded debit card that will enable employers to disburse earned wages onto the cards seamlessly. Through its strategic partnership with Rain, Marqeta can scale its early wage access offerings to more employers across diverse sectors of the economy such as healthcare, education and hospitality.
By Marqeta · Via Business Wire · April 18, 2024
Marqeta Announces New SMB Credit Card Customer AffiniPay, Delivering A Flexible and Customized Credit Offering with Full Program Management Capabilities
Marqeta (NASDAQMQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a partnership with AffiniPay, the leader in online payments and software solutions for professionals. Marqeta will power the upcoming launch of MyCase Smart Spend, a spend management solution powered by a LawPay Visa SMB revolving credit card embedded directly within the MyCase platform that helps firms streamline their expenses and better manage their finances.
By Marqeta · Via Business Wire · February 28, 2024
Marqeta Announces New Credit Customer Internet Travel Solutions (ITS), Building Momentum for Key New Product
Marqeta (NASDAQMQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today 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.
By Marqeta · Via Business Wire · February 13, 2024
Marqeta Announces Alan Carlisle As Chief Compliance Officer
Marqeta (NASDAQMQ), the global modern card issuing platform that enables embedded finance capabilities for the world’s innovators, today announced the appointment of Alan Carlisle as its Chief Compliance Officer (CCO). Carlisle, previously Enterprise Chief Compliance Officer at SoFi, will be responsible for elevating and expanding Marqeta’s regulatory compliance management system.
By Marqeta · Via Business Wire · December 12, 2023
Marqeta Introduces New Credit Card Platform, Helping Brands Redefine Customer Loyalty With Dynamic and Embedded Credit Experiences
Marqeta (NASDAQMQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today introduced its new credit card issuing platform, adding intuitive credit card program management tools and creating a one-stop shop for launching consumer and commercial credit programs. With this launch, brands can create a new standard for credit cards that encourage greater customer loyalty with personalized rewards, completely owning the experience for their customers from end-to-end.
By Marqeta · Via Business Wire · October 23, 2023
Marqeta Study: Even Satisfied Credit Cardholders Are Shopping For Their Next Card, Seeking Tailored Rewards and Embedded Finance Experiences
Even satisfied credit card holders are on the hunt for their next credit cards, despite reporting generally high satisfaction with their current cards, according to a new survey published today by Marqeta, the global modern card issuing platform that enables some of the world’s most innovative embedded finance use cases. The company released its 2023 State of Credit report which surveyed 3,000 consumers globally – including 2,000 in the United States – highlighting sentiment toward their credit cards and financial service providers, exploring opportunities for brands and banks to enhance their offerings and strengthen customer loyalty.
By Marqeta · Via Business Wire · October 22, 2023
Marqeta Announces Partnership with Scalapay to Deliver Buy Now Pay Later Across Europe
Marqeta (NASDAQMQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Scalapay, Southern Europe’s leading BNPL provider, to leverage Marqeta’s platform to issue cards both online and in-store. Marqeta and Scalapay have signed a five year exclusive contract, where Marqeta will issue virtual cards for online and in-person transactions, creating a more seamless payments experience for both merchants and consumers.
By Marqeta · Via Business Wire · October 17, 2023
Marqeta Announces Customers Highlighting Innovative New Payments Use Cases in Retail
Marqeta (NASDAQMQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced two customers that serve retailers, Extend and Financeit, demonstrating how Marqeta’s platform helps drive customer loyalty and deliver an impeccable experience for consumers.
By Marqeta · Via Business Wire · October 12, 2023
Marqeta Survey Finds Consumers Interested in Embedded Finance Offerings Amid Continued Fears of Recession, Despite Improved Economic Outlook
While financial analysts have downgraded the likelihood of a recession to 20% in the next 12 months, lingering recessionary fears are causing consumers to still cut spending according to the Q3 2023 Consumer Pulse Report released today by Marqeta, the global modern card issuing platform. The new report surveyed 3,000 consumers in the US and the UK in partnership with Propeller Insights, showing that against this backdrop of economic uncertainty, consumers are reevaluating how new technologies can help them manage their finances and are flocking to embedded finance offerings including Accelerated Wage Access to help them gain access to wages faster. In addition, consumers are showing demand for seamless and delightful shopping experiences along with newfound interest in how Generative AI solutions can help them reduce spending and guide savings.
By Marqeta · Via Business Wire · September 14, 2023
Marqeta Appoints Cybersecurity Executive Heather Gantt-Evans As Chief Information Security Officer
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced the appointment of Heather Gantt-Evans as its Chief Information Security Officer (CISO). Gantt-Evans is a previous security and risk management leader at SailPoint, The Home Depot and Ernst & Young, and will be responsible for overseeing Marqeta’s global corporate and product security strategies.
By Marqeta · Via Business Wire · August 29, 2023
Marqeta Announces New Customers Giftbit, Vivian and Whistle, Continuing Embedded Finance Momentum
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced new embedded finance customers Giftbit, Vivian and Whistle, showcasing how Marqeta’s platform enables non-financial services customers to integrate embedded banking and payment solutions into their products. This allows Marqeta customers to create seamless experiences that delight their users and result in greater customer loyalty and worker retention. Marqeta has continued to see momentum in embedded finance, with embedded finance customers counting for over half Marqeta’s bookings in the first half of 2023.
By Marqeta · Via Business Wire · August 24, 2023
Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool that Optimizes Task Efficiency Up to 75 Percent
Marqeta (NASDAQMQ), 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%. These purpose-built solutions represent the first steps in enabling generative artificial intelligence (AI) on the Marqeta platform, created to reduce time to value (TTV) for its customers.
By Marqeta · Via Business Wire · August 15, 2023
Nearly Two-Thirds of Americans Want Employers to Offer Instant Access to Earned Wages, According to New Marqeta Study
Workers today are interested in employers that offer expedited access to their earned pay, according to a new study conducted by Marqeta. In partnership with Qualtrics, Marqeta surveyed over 1,200 Americans to understand the evolving nature of today’s workforce and its impact on financial preferences. The survey found that 40% of Americans of all ages (18-65+), and half of those under the age of 50, consider themselves part of the gig economy. Of those, 80% said they would be interested in an employer that paid them right after their shift or when a job was completed. This was also true for all Americans surveyed, where nearly two-thirds of respondents (62%) said that the option to receive payment immediately after work is completed would heighten their interest in a particular employer, shedding a light on the growing desire for companies to offer expedited access to pay.
By Marqeta · Via Business Wire · July 27, 2023
Marqeta Announces Expansion Into Brazil With New Fitbank Partnership
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced its expansion into Brazil, with a new partnership with Latin American banking-as-a-service platform Fitbank and network certification with Visa. As part of Marqeta’s partnership with Fitbank, the company will both be a Marqeta customer, using it as a payment processor, and serve as a BIN sponsor for Marqeta’s customers looking to launch in the region.
By Marqeta · Via Business Wire · July 11, 2023
Marqeta Announces Karna Crawford as Chief Marketing Officer
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it had appointed Karna Crawford, a veteran marketing executive who has held leadership roles at J.P. Morgan Chase, Verizon and Ford, as it’s Chief Marketing Officer. Crawford will be a crucial member of Marqeta’s senior leadership team driving the company’s global marketing efforts, including marketing and brand strategy, demand generation, product marketing, and communications.
By Marqeta · Via Business Wire · June 29, 2023
Marqeta Study: Consumer Confidence in Embedded Finance and Digital Banking Providers on the Rise for Majority of Americans
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 (NASDAQMQ), the global modern card issuing platform. The company’s 2023 State of Payments report released today – surveying 4,000 consumers across three continents, including 2,000 in the US – shows how consumers are working with multiple financial services providers, both traditional institutions and a range of digital payment tools and new market entrants via embedded financial services to meet their needs and provide a simple, unified and branded shopping experience.
By Marqeta · Via Business Wire · June 6, 2023
Gig Work Becomes Primary Source of Income for Majority of Workers, Providing Financial Security Amid Turbulent Economic Times
Branch, the leading workforce payments platform, and Marqeta (NASDAQMQ), the global modern card issuing platform, today announced findings from the third annual Branch x Marqeta Gig Payments Report, a joint study on the work and payments preferences of gig workers. Surveying over 1,000 workers who turned to gig and 1099 work in the last six months, the study found that gig work continues to be a lifeline and has become a primary source of income for many workers rather than a supplement to salaried roles, with survey respondents almost unanimously citing inflation as an ongoing struggle.
By Marqeta · Via Business Wire · April 13, 2023
WorkWhile and Marqeta Announce Partnership on New Card Solution to Offer Accelerated Wage Access for WorkWhile Workers
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it has been selected by WorkWhile to power accelerated wage access to its workers. Through a debit card, WorkWhile workers can access their wages as soon as their shift hours are approved, helping to significantly reduce their need for credit and improving their financial well-being. Instead of waiting for a weekly paycheck or long digital transfers to arrive, workers will have faster-than-ever access to their earnings. The companies are working together closely to make the cards available to WorkWhile workers in 2023.
By Marqeta · Via Business Wire · March 28, 2023
Marqeta Appoints Crystal Sumner as Chief Legal Officer
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced the addition of Chief Legal Officer, Crystal Sumner, as a key member of its executive team. Sumner will be responsible for overseeing Marqeta’s global legal and regulatory affairs.
By Marqeta · Via Business Wire · February 23, 2023
Marqeta Completes Acquisition of Power Finance, Inc.
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it has completed its acquisition of credit card program management platform Power Finance, Inc. (“Power”).
By Marqeta · Via Business Wire · February 3, 2023
Marqeta Announces Agreement To Acquire Power Finance, Inc.
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it has entered into an agreement to acquire credit card program management platform Power Finance, Inc. (“Power”). The deal is expected to close in the first quarter of 2023, subject to the satisfaction of customary closing conditions.
By Marqeta · Via Business Wire · January 30, 2023
Marqeta Names Simon Khalaf as CEO
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced the appointment of Simon Khalaf as its new Chief Executive Officer, effective January 31, 2023. Khalaf will also join Marqeta’s Board of Directors. As announced in August, Jason Gardner, Marqeta’s founder, Chairman, and current Chief Executive Officer, will become Executive Chairman upon this new appointment. Khalaf joined Marqeta in June of 2022 as Chief Product Officer and has also taken on leadership of the Go-to-Market organization since last August. Alongside Simon’s appointment, ex-Google and Ancestry Executive Todd Pollak joins the company as Chief Revenue Officer.
By Marqeta · Via Business Wire · January 26, 2023
Marqeta Announces New Web Push Provisioning Product, Expanding Industry-Leading Payment Card Tokenization Capabilities
Marqeta (NASDAQMQ), 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. This capability addresses a common pain point for consumers - the friction of having to download an app that may rarely be used in order to complete a transaction - likely improving conversion rates and creating a smoother customer experience. Marqeta is one of the first card issuers to launch instant issuance capabilities, and web push provisioning further extends Marqeta’s leadership in this space. The product is currently offered in Beta with general availability expected later in 2023.
By Marqeta · Via Business Wire · January 19, 2023
Rakuten France Launches New Integrated Payment and Cashback Solution, Club R Pay
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.
By Marqeta · Via Business Wire · December 15, 2022
Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced that it has integrated Mastercard NYSE: MANYSEMA)
By Marqeta · Via Business Wire · December 7, 2022
Marqeta Introduces “Marqeta for Banking,” Expanding its Modern Card Issuing Platform With New Banking Capabilities
Marqeta (NASDAQMQ), the global modern card issuing platform today announced the release of Marqeta for Banking, a portfolio of seven banking products, continuing the expansion of Marqeta’s modern card issuing platform. Marqeta for Banking provides customers with a full set of account, ACH, instant funding and direct deposit products offered through Marqeta’s bank partners, enabling them to build complete banking propositions for their end users on Marqeta’s market leading platform. With Marqeta for Banking, businesses can utilize more than 40 new banking APIs and create customized banking services with the same level of flexibility and control provided by Marqeta’s card issuing solutions. Marqeta for Banking includes new Demand Deposit Accounts (DDA), Direct Deposit with Early Pay, ACH with Plaid Integration, Cash Loads and Fee-Free ATMs, Bill Pay and Instant Funding capabilities.
By Marqeta · Via Business Wire · October 24, 2022
Uber Partners with Marqeta, Mastercard, and Branch to Launch New Uber Pro Card, Offering Faster Payments and Fuel Rewards for Drivers
Uber today announced a new partnership with Marqeta (NASDAQMQ), Mastercard NYSE: MANYSEMA)
By Marqeta · Via Business Wire · October 6, 2022
Marqeta 2022 State of Credit Report: Cost of Living Worries Weigh Heavily on US Consumers, As New Lending Options Provide Important Financial Support For Many
The dueling anxieties of cost of living increases and rising interest rates are weighing heavily on consumers, and the quickly evolving credit card and BNPL markets are becoming increasingly important to their financial wellbeing, according to a new survey published today by Marqeta, the global modern card issuing platform. The company released its 2022 State of Credit report which surveyed 4,000 consumers globally – including 2,000 in the United States – highlighting consumer sentiment around spending trends, alongside consumer credit experiences and preferences.
By Marqeta · Via Business Wire · September 22, 2022
Marqeta Teams Up with Bread Financial™ to Help Deliver Seamless E-Commerce Solution
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced that it has been chosen by Bread Financial NYSE: BFHNYSEBFH)
By Marqeta · Via Business Wire · September 12, 2022
Marqeta Announces Simon Khalaf as Chief Product Officer
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced the addition of Simon Khalaf as its new Chief Product Officer and key member of its executive team. Previously, Khalaf was the Senior Vice President of Twilio’s core products, including Messaging, Voice, Video and Flex, Twilio’s fully programmable Contact Center. Simon will be responsible for the strategic direction, development and delivery of Marqeta’s products to its growing customer base.
By Marqeta · Via Business Wire · July 14, 2022
Marqeta Announces Expansion of its Credit Platform, Further Empowering Customers to Design Innovative Credit Card Experiences with Greater Control and Speed
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced a significant expansion of its credit platform with a new, intuitive dashboard and over 40 new credit APIs that enable customers to design, test, and launch differentiated credit card experiences. Marqeta’s credit platform provides customers with greater flexibility and control than legacy credit solutions, with customers also having the option to leverage First National Bank of Omaha (FNBO)’s leading program management and banking capabilities alongside these new features.
By Marqeta · Via Business Wire · June 28, 2022
Marqeta Announces Partnership With Klarna To Build Klarna Card, a Transparent Alternative to Traditional Credit Cards
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced it is working with Klarna, a leading global retail bank, payments and shopping service, to power its new Klarna Card. The Klarna Card will bring the company's popular "Pay in 4" service to a physical Visa card, empowering consumers to pay over time in four equal, interest-free payments for any in-store or online purchase.
By Marqeta · Via Business Wire · June 1, 2022
Marqeta Study: COVID-Driven Digital Payment Adoption Likely Here to Stay for US Consumers
The pandemic ushered in a seismic shift in preferences around how consumers want to pay, bank and shop, which two years later has become commonplace and second nature, according to a new survey from Marqeta (NASDAQMQ), the global modern card issuing platform. The company’s 2022 State of Consumer Money Movement report released today – surveying 4,000 consumers across three continents, including 2,000 in the US – shows the increasing prevalence of mobile wallets, on-demand delivery and cryptocurrency in purchase preferences, while highlighting continued steep declines for cash use and in-person banking.
By Marqeta · Via Business Wire · May 26, 2022
Marqeta Announces RiskControl, An End-to-End Risk Management Suite of Products for Card Issuers to Combat Payment Card Fraud
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced its new RiskControl solution, a comprehensive product suite to help its customers better optimize their card programs and take control of end-to-end risk management. RiskControl is designed to provide Marqeta’s customers with comprehensive risk, compliance, and fraud management capabilities across the cardholder lifecycle, allowing them to focus on their business growth. RiskControl is anchored by the introduction of a powerful new fraud mitigation solution - Real-Time Decisioning - enabling card programs to develop fine-tuned transaction controls and help limit payment fraud. Additionally, RiskControl includes newly enhanced versions of Marqeta’s Know Your Customer (KYC) and Disputes products, alongside its previously announced 3D Secure.
By Marqeta · Via Business Wire · April 21, 2022
Rising Inflation Leads More Workers to the Gig Economy, Citing Increased Expenses and Fuel Costs
Branch, the leading workforce payments platform, and Marqeta (NASDAQMQ), global modern card issuing platform, today announced findings from the second annual Branch x Marqeta Gig Payments Report, a joint study on the work and payments preferences of gig workers. Surveying over 1,000 workers who turned to gig and 1099 work in the last six months, the study found that over 80 percent of respondents (85%) have recently increased or planned to increase their gig work, with 58% citing inflation as the primary reason for seeking more work.
By Marqeta · Via Business Wire · April 14, 2022
Marqeta Partners with Plaid, Bringing Together Seamless ACH Payments With the Power of Modern Card Issuing
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced a partnership with Plaid, a data network that powers the tools millions of people rely on to live healthier financial lives, to simplify ACH transfers, enabling customers to seamlessly and securely authenticate their bank accounts and fund their accounts to power more immediate spending.
By Marqeta · Via Business Wire · February 15, 2022
Marqeta Announces Visa Veteran Mike Milotich as New CFO, Raises Expectations for Fourth Quarter 2021 Financial Results
Marqeta (NASDAQMQ), the global modern card issuing platform, announced the appointment of Mike Milotich as the company’s new Chief Financial Officer, effective February 22, 2022.
By Marqeta · Via Business Wire · February 9, 2022
Marqeta Expands Global Footprint With New Certifications for Singapore, Philippines, and Thailand
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced that its payments platform is now certified in Singapore, Philippines, and Thailand, expanding its global reach to 39 countries globally.
By Marqeta · Via Business Wire · January 27, 2022
Marqeta Announces Sunaina Lobo as Chief Human Resources Officer
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced the addition of Chief Human Resources Officer, Sunaina (Suni) Lobo as a key member of its executive team. Suni will be responsible for leading all areas of Marqeta’s People, Places and Culture function globally.
By Marqeta · Via Business Wire · January 18, 2022
Payments Gateway ConnexPay Announces $20 Million Series B Funding Round, Led by Modern Card Issuing Pioneer Marqeta
ConnexPay, a payments gateway that connects acceptance and issuance for marketplace companies and commerce intermediaries, today announced a $20 million series B funding led by global modern card issuing platform Marqeta (NASDAQMQ). This new capital takes ConnexPay’s total funding raised to date to $35 million.
By Marqeta · Via Business Wire · December 9, 2021
Klarna and Marqeta Expand Global Partnership Into New European Markets
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it has expanded its partnership with Klarna, the leading global retail bank, payments, and shopping service, into 13 new European markets: the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland and Denmark.
By Marqeta · Via Business Wire · December 7, 2021
Marqeta Partners with First National Bank of Omaha to Expand Ecosystem of Credit Partners
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced a partnership with First National Bank of Omaha (FNBO), expanding its ecosystem of partners that enable its customers to launch modern credit card programs.
By Marqeta · Via Business Wire · December 2, 2021
Marqeta Teams Up with Square To Power Canadian Expansion of Square Card
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced it has powered the launch of Square Card in Canada to help small business owners better manage their finances and cash flow. With the Marqeta modern card issuing platform, Square was able to scale its existing U.S. card program and expand it into the Canadian market, making it available for Square sellers of all types and sizes across the country.
By Marqeta · Via Business Wire · November 18, 2021
Marqeta and Bill.com Partner to Power New Commercial Card Programs for Financial Institution Customers
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that the company is partnering with Bill.com NYSE: BILLNYSEBILL)
By Marqeta · Via Business Wire · October 27, 2021
Uber Freight Partners with Marqeta and Branch to Offer Faster Payments and Fuel Rewards for Carriers
On stage at Money 20/20, Marqeta (NASDAQMQ), the global modern card issuing platform, today announced it is partnering with Branch, a leading workforce payments platform, and Uber Freight to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries.
By Marqeta · Via Business Wire · October 25, 2021
Cryptocurrency Innovators Invest in New Card Solutions, With Marqeta’s Modern Card Issuing Platform Powering Growth of New Category
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today that it is powering cryptocurrency spending and rewards products for Coinbase, Fold, Shakepay and Bakkt, with the company seeing rising interest in new card products in this rapidly evolving category.
By Marqeta · Via Business Wire · October 19, 2021
Figure Pay Partners With Marqeta to Power Next Generation Digital Banking and Buy Now, Pay Later Solution
Marqeta (NASDAQMQ), the global modern card issuing platform, announced today it is partnering with Figure, a leader in transforming financial services through the power of blockchain technology, to power the launch of the Figure Pay product, an all-in-one digital money app.
By Marqeta · Via Business Wire · September 21, 2021
Americans Feel the Financial Burden of COVID-19, With 65% Relying on Credit Cards to Make Ends Meet as the Pandemic Continues, According to Marqeta’s 2021 State of Credit Report
US consumers have turned to credit en masse to help ease the financial burden brought on by the pandemic, according to a new survey by Marqeta (NASDAQMQ), the global modern card issuing platform. The company surveyed 1,500 consumers across the United States to learn about their attitudes toward credit products, such as credit cards and Buy Now, Pay Later (BNPL) solutions, and how they’re using them in the aftermath of COVID-19.
By Marqeta · Via Business Wire · September 16, 2021
Marqeta Partners with Zip Co. in Australia to Fuel Growth of Buy Now, Pay Later Offering
Marqeta (NASDAQMQ), the global modern card issuing platform, today announced a continued partnership with Zip Co. in Australia, completing the first year of powering the global Buy Now Pay Later (BNPL) company which provides fast and seamless solutions that simplify how people pay, everywhere.
By Marqeta · Via Business Wire · September 9, 2021
Marqeta Commits To Plastic Neutrality, Launches Recycled Card Product and New Partnership to Offset Plastic Footprint
Marqeta (NASDAQMQ), the global modern card issuing platform, announced a new initiative today to offer customers the choice to issue physical cards made from recycled plastic through its platform, alongside a partnership with rePurpose Global to offset its plastic footprint.
By Marqeta · Via Business Wire · August 17, 2021
Marqeta To Power Virtual Google Pay Balance Card
Marqeta, the global modern card issuing platform, announced today that its modern card issuing platform will power the new virtual Google Pay balance card.
By Marqeta · Via Business Wire · July 29, 2021
Marqeta Announces Randy Kern as New Chief Technology Officer
As previously disclosed in Marqeta’s Registration Statement on Form S-1 in connection with its initial public offering, Marqeta (NASDAQMQ), the global modern card issuing platform, added Chief Technology Officer Randy Kern to its executive team. Kern will be responsible for scaling the global engineering team and driving technological advancements across the company.
By Marqeta · Via Business Wire · July 22, 2021
Marqeta to Announce Second Quarter 2021 Results on August 11, 2021
Marqeta, Inc. (NASDAQMQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss second quarter 2021 financial results on Wednesday, August 11, 2021 at 4:30pm ET. Hosting the call will be Jason Gardner, Founder and Chief Executive Officer, and Tripp Faix, Chief Financial Officer. A press release with second quarter 2021 financial results will be issued after the market closes that same day.
By Marqeta · Via Business Wire · July 12, 2021
Marqeta Names Veteran Executive Amy Chang and Cisco Chief Customer & Partner Officer Gerri Elliott to its Board of Directors
Marqeta, the global modern card issuing platform, announced today that it has added Amy Chang, a technology executive, advisor and board director to more than a dozen companies, and Gerri Elliott, Cisco’s EVP, Chief Customer & Partner Officer, to its board of directors.
By Marqeta · Via Business Wire · May 12, 2021
Payment Fraud Fears Grow; 65% of Consumers More Concerned About Fraud Than Before COVID-19, According to New Marqeta Survey
As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike, according to a new survey by Marqeta, the global modern card issuing platform. The company surveyed 2,000 consumers across the United States and United Kingdom about their experiences and attitudes toward payment fraud and how they felt about the threat of fraud in the aftermath of COVID-19.
By Marqeta · Via Business Wire · May 11, 2021
Marqeta Partners With Afterpay For In-store Digital Card Offering in Australia and New Zealand
Marqeta, the global modern card issuing platform, announced today it has partnered with Afterpay to issue “virtual cards” as part of its in-store solution in the ANZ market.
By Marqeta · Via Business Wire · May 6, 2021
Amid Pandemic, Cash Flow Concerns, Higher, Faster Payouts Draw Workers to Gig Economy
Branch, the leading Employer Payments Platform, and global modern card issuing platform Marqeta today announced findings from a joint study on the work and payments preferences of gig workers. Surveying over 1,000 workers who turned to gig and 1099 work in the last six months, the Branch x Marqeta Gig Payments Report found that driven by the pandemic, 85 percent of respondents said they had picked up additional work.
By Marqeta · Via Business Wire · April 27, 2021
CORRECTING and REPLACING Canadian Bitcoin Platform Shakepay Partners With Marqeta To Power Innovative New Card Offering
First paragraph, first sentence of release dated April 21, 2021, should read: issued by Marqeta’s sponsoring financial institution Peoples Trust Company (instead of issued by Marqeta’s sponsoring financial institution People’s Bank).
By Marqeta · Via Business Wire · April 22, 2021
Canadian Bitcoin Platform Shakepay Partners With Marqeta To Power Innovative New Card Offering
Shakepay, a Montreal-based financial technology platform that allows Canadians to buy and sell digital currency and pay their friends, announced today that it has partnered with Marqeta, the global modern card issuing platform, to power the launch of a new Visa prepaid card for Shakepay customers, issued by Marqeta’s sponsoring financial institution People’s Bank.
By Marqeta · Via Business Wire · April 21, 2021