PYMNTS-MonitorEdge-May-2024

Card Issuer

Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
May 07, 2024  |  Earnings

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access.  CEO...

READ MORE >
Marqeta Unveils Its First External-Facing Generative AI Tool
Marqeta Unveils Its First External-Facing Generative AI Tool
August 15, 2023  |  artificial intelligence

Marqeta has unveiled its first external-facing generative artificial intelligence (AI) tool. The new Marqeta Docs AI is powered by OpenAI’s large language models (LLMs) and allows Marqeta...

READ MORE >
Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
August 09, 2023  |  Earnings

Cash App’s firmly in place — and will be a significant contributor to Marqeta’s top line for years to come. And with that bit of...

READ MORE >
ISOs Use Data and Service to Reframe Business Model and Merchant Value
ISOs Use Data and Service to Reframe Business Model and Merchant Value
March 22, 2023  |  Data

Charles Zhu, vice president of product at Enigma, told PYMNTS that the pressure is on independent sales organizations (ISO) to reinvent themselves. And in doing...

READ MORE >
Despite Embedded Finance’s Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting 
Despite Embedded Finance’s Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting 
February 28, 2023  |  Earnings

Slowing buy now, pay later (BNPL) volumes and customers’ belt tightening helped send Marqeta’s shares down sharply Tuesday after earnings. By the numbers, the card...

READ MORE >
Worldline and ING Expand Card Partnership
Worldline and ING Expand Card Partnership
January 30, 2023  |  Credit Cards

Worldline has announced an extended card issuing and processing arrangement with ING. The French multinational payment company said in a Monday (Jan. 30) press release...

READ MORE >
Highnote Expands Collab With Visa, Certifies as Issuer Processor
Highnote Expands Collab With Visa, Certifies as Issuer Processor
August 30, 2022  |  Payments Innovation

Card issuance and management platform Highnote is expanding its partnership with Visa and has also become fully certified as a Visa issuer processor.   Highnote also...

READ MORE >
Marqeta Helps UK SMB Credit Lender Expand Into Spain
Marqeta Helps UK SMB Credit Lender Expand Into Spain
June 30, 2020  |  B2B Payments

Card issuer Marqeta has been helping U.K.-based Capital on Tap to expand its small business credit lending services to Spain, a press release says. With Marqeta’s...

READ MORE >
Advent Buys Majority Stake In Argentine Card Issuer
Advent Buys Majority Stake In Argentine Card Issuer
January 23, 2019  |  Partnerships / Acquisitions

Advent International has announced that it is acquiring a majority stake in Prisma Medios de Pago, Argentina’s leading payments company. Advent is buying the 51...

READ MORE >