Card Issuer news and trends

Marqeta Unveils Its First External-Facing Generative AI Tool
artificial intelligence // August 15, 2023

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 customers to ask questions, find answers to individual use cases and more quickly gain an understanding of the products, the...

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

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 news, investors took stock of the card issuer and payment processor’s latest results, liked what they saw and bid the...

ISOs Use Data and Service to Reframe Business Model and Merchant Value
Data // March 22, 2023

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 so, they won’t just survive amid the great digital shift and growing competition from platforms and Big Tech. They can...

Despite Embedded Finance’s Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting 
Earnings // February 28, 2023

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 issuing platform company’s earnings supplementals show that quarterly total processing volumes (TPV) were 41% year over year to $47 billion....

Interviews & Exclusives
ISOs Use Data and Service to Reframe Business Model and Merchant Value

March 22, 2023
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 so, they won’t just survive amid the great digital shift and growing competition from platforms and Big Tech. They can thrive. A bit of background is in order: ISOs sell […]

Quick Reads
Marqeta Unveils Its First External-Facing Generative AI Tool

August 15, 2023
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 customers to ask questions, find answers to individual use cases and more quickly gain an understanding of the products, the company said in a Tuesday (Aug. 15) press release. The […]

Worldline and ING Expand Card Partnership

January 30, 2023
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 that it has signed a...

Highnote Expands Collab With Visa, Certifies as Issuer Processor

August 30, 2022
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 finished the Visa Ready certification...

Advent Buys Majority Stake In Argentine Card Issuer

January 23, 2019
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 percent from a group of...