article thumbnail

Mastercard’s bet on fintech pays off with higher card spending

Bank Innovation

s new initiative to team up with more startups on credit cards is starting to pay off. The company has been starting card programs for fintechs including Brex Inc., Mastercard Inc.’s Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network.

Cards 284
article thumbnail

Marqeta to focus on growing product suite in 2020

Bank Innovation

If 2019 was the year of the challenger bank, 2020 will be the year payments companies move closer to bank territory. Marqeta, the card issuing and processing startup supporting the capabilities of large companies like Kabbage and Square, sees 2020 as a big year for payments companies branching out into banking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa, Mastercard, AmEx win easier access to China market

Bank Innovation

card companies just moved a step closer to gaining access to China’s $27 trillion payments market. The biggest U.S. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co.,

Marketing 347
article thumbnail

With $200m debt capital raise, Brex seeks to grow e-commerce client base

Bank Innovation

On the heels of a $200 million debt capital raise confirmed this week, corporate card and financial product startup Brex plans to ramp up its product offerings for e-commerce entrepreneurs. The company currently offers credit cards for e-commerce companies, a product that was first launched in February.

Capital 221
article thumbnail

Brex to launch treasury, insurance and loan products

Bank Innovation

Brex, a corporate card and financial product startup aimed at businesses, plans to broaden its product ecosystem beyond bank accounts and cards.

Lending 273
article thumbnail

Splitit partners with Visa for installment payments    

Bank Innovation

Splitit, a payments company that divides purchases into installments on customers’ existing cards, announced a partnership with Visa last week.

Payments 243
article thumbnail

Mastercard takes step away from cards with $825 million deal

BankInovation

made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity technology that lets companies share consumers’ financial data. Mastercard Inc.

Cards 64