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Marqeta lands Block contract extension

Payments Dive

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

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Green Dot renews vital card partnership with Walmart

Payments Source

The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant.

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Amex, Santander Explore FinTech Using API

PYMNTS

American Express , the world’s largest card issuer based on purchase volume, has moved ahead with the latest in a series of blockchain agreements that it hopes will position the company as a leader in this new transaction technology. Using API technology, customers can integrate Santander’s cash management solutions into existing ERP systems.

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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

Marqeta , a cloud-based open API platform for modern card issuing and transaction processing, recently filed its S-1 in preparation for its shares to start trading publicly in June. Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. First name. Company Name.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. B2B Card Payments . billion. . Switch, Inc.,

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Freelancer Payments Turn Traditional Payroll On Its Head

PYMNTS

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. That figure could rise to 50 percent, it estimates, by 2027. working population. It’s not a U.S.-only

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Instant payments more mainstream than ever, but at what cost?

Insights on Business

Paying with your mobile is rapidly moving towards becoming the new cash and in the process, replacing traditional credit and debit cards. Further, a staggering 726 billion mobile transactions globally are anticipated by 2020 as well. The cash and plastic in our wallets may soon be replaced by one or two P2P payment apps, like Zelle.