Tagged: marqeta

Marqeta Acquires Power Finance

Marqeta (NASDAQ: MQ) has announced the acquisition of Power Finance, a credit card management platform. Marqeta said in a public statement that it aims to boost its capabilities and leadership in the business of modern card issuing.  Marqeta said the purchase is expected to close… Read More

Marqeta Announces New CEO as Founding CEO Jason Gardner Becomes Executive Chairman

  Simon Khalaf has been appointed as Marqeta’s (NASDAQ:MQ) new CEO, effective January 31, 2023. Previously Marqeta’s Chief Product Officer, Khalaf will also be joining Marqeta’s board of directors. Marqeta’s founding CEO Jason Gardner will now become the Executive Chairman of Marqeta. Gardner was previously… Read More

Marqeta Announces Web Push Provisioning Product, Expanding Payment Card Tokenization Capabilities

Marqeta (NASDAQ: MQ), the global modern card issuing platform, 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… Read More

Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution

Marqeta (NASDAQ: MQ) has reportedly integrated Mastercard Track™ Instant Pay, which is described as a next-generation virtual card solution that “uses machine learning and straight-through processing to enable instant payment of supplier invoices.” Marqeta says it will “become the first processor to integrate with Track… Read More

Marqeta, Blockchain.com Partner Up on Visa Card

The lines continue to blur between more traditional Fintechs and digital asset platforms. Today, Marqeta (NASDAQ: MQ) has announced a partnership with Blockchain.com to provide a Visa card that now claims 50K+ sign-ups at launch. The new card, first available to US customers, will be fee-free… Read More

Banking as a Service: Marqeta Announces New Digital Banking Products as it Expands Fintech Offerings

Marqeta (NASDAQ: MQ), best known for its “modern-card” management and issuance platform, is now moving into banking. According to a company release, Marqeta has revealed seven banking products, including: Accounts – Demand Deposit Accounts ACH with Plaid Direct Deposit with an Early Pay option Cash… Read More

Fintech Marqeta to Repurchase Shares, CEO Sees Opportunity as Price Near All Time Lows

Marqeta (NASDAQ: MQ) has announced a share repurchase program during a time whent the shares are trading near its 52 week low. Currently, Marqeta is trading at around $8/share. Its 52-week high is over $37 and its 52 week low is around $6/share. Marqeta is… Read More

Bread Financial Enlists Marqeta for Virtual Cards, BNPL

Marqeta (NASDAQ: MQ) has announced that Bread Financial (NYSE: BFH) will be using their services for an in-store checkout experience for shoppers using Bread PayTM, its suite of Buy Now, Pay Later (BNPL) products. Bread Financial is expected to launch the Bread PayTM One-Time Use… Read More

Marqeta Reports Jump in Revenue, Net Loss of $45 Million

Marqeta (NASDAQ:MQ), a digital platform to offer and manage credit cards, reported Q2 earnings today, delivering top line revenue of $187 million, an increase of 53% versus the same period year prior. Marqeta earned a GAAP net income loss of $45 million. Shares in Marqeta… Read More

Marqeta Selected as Payment Processor for Opal Plus in Australia

Marqeta (NASDAQ: MQ)has been selected as the payment processor for Opal Plus, the new transit program for Transport for NSW (TfNSW). The New South Wales (NSW) transit program is being offered in partnership with Mastercard Prepaid Managed Services (MPMS). The NSW government is introducing Opal Plus,… Read More

Simon Khalaf Joins Marqeta from Twilio as Chief Product Officer

Marqeta (NASDAQ: MQ)has announced that Simon Khalaf will step in as the company’s new Chief Product Officer. Khalaf arrives at Marqeta after working at Twilio as Vice President of the firm’s core products. Marqeta states that Khalaf will be responsible for the strategic direction, development, and… Read More

Marqeta Upgrades Credit Platform, Platform Now Includes 40 New APIs

Marqeta (NASDAQ: MQ) has announced a new and improved platform for its clients. The card issuing provider states that it has added over 40 new credit APIs to create and launch new credit card “experiences.” Marqeta’s says it now provides customers with greater flexibility than… Read More

Western Union Incorporates Marqeta into its Digital Bank Platform

Marqeta (NASDAQ: MQ) is being utilized by Western Union (NYSE:WU) to boost its “next-generation real-time multi-currency digital wallet and digital banking platform in Europe.” Marqeta’s card issuing platform is said to allow Western Union’s remittance service to be offered online, with funds disbursed to a… Read More

Klarna, Marqeta Partner on Visa Card

Marqeta (NASDAQ:MQ) has announced a new partnership with European Fintech Klarna, a buy now – pay later (BNPL) provider. According to a statement by Marqeta, Klarna will use it to issue the Klarna Card, enabling its customers in the US to pay anywhere using Klarna’s… Read More

Marqeta Research: Digital Payments Increase Here to Stay

This should really come as absolutely no surprise, Fintech Marqeta (NASDAQ: MQ) has distributed a study that states digital payments increase fueled by the COVID health crisis – is here to stay. During the somewhat dubious lockdowns, digital transactions of all kinds rocketed higher. The… Read More

Marqeta and Embedded Finance Platform Alviere Launch Partnership in Europe

Alviere, the embedded finance platform that enables any brand to deliver a full suite of financial products and services to clients, fans, and workers, has announced a partnership with Marqeta (NASDAQ: MQ), the modern card issuing platform. With Alviere’s expansion across Europe, Marqeta will “provide… Read More

Evolve Bank & Trust Added as Bank Partner at Marqeta as Fintech Aims to Boost Services

Marqeta (NASDAQ: MQ) has added Evolve Bank & Trust as a new bank partner. Evolve Bank & Trust is a Banking-as-a-Service (BaaS) provider and thus can boost the portfolio of services Marqeta can offer to its customers. Evolve offers specialized services in Open Banking, Personal… Read More

Marqeta Reports Increase in Revenue, Net Loss of $61 Million

Marqeta (NASDAQ:MQ), a leading Fintech in the card issuance and management sector, reported Q1 earnings today. According to the company, top line revenue increased 54% to $166 million versus the same quarter year prior ($107M). Revenue also increased sequentially versus Q4 2021 which arrived at… Read More

Marqeta Adds New Fraud Tools, RiskControl, to Counter Digital Fraud

Marqeta (NASDAQ: MQ), a future-facing card issuance platform, has announced a new set of tools to battle the ever-present fraudsters that challenge all financial services firms. “RiskControl” is a new feature designed to provide Marqeta customers with a comprehensive service to handle end-to-end risk management… Read More

Rapidly Rising Inflation Compelling More People to Enter Gig Economy to Make Ends Meet: Research

  Inflation is rising to record-breaking heights. The most recent reading indicated that inflation hit 8.5% in March – the highest in more than 40 years. Inflationary policies pursued by the current administration, the war in Ukraine, and COVID have combined to create a toxic… Read More