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Marqeta rolls out instant card-tokenization service

Payments Source

The Oakland, Calif.-based based startup’s Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party, Marqeta announced on Tuesday.

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Marqeta acquires Power Finance for $275M

BankInovation

Payments fintech Marqeta announced today it will acquire credit card management platform Power Finance in an all-cash transaction to help supplement its credit offerings. The Oakland, Calif.-based based fintech (NASDAQ: […]

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship. According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. percent to 29.99

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Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules

FICO

This is not only the case for application fraud — where automation is used to create and submit hundreds if not thousands of applications — but also for card fraud. One of our customers told how they had been able to deploy user defined variables in FICO Falcon Fraud Manager in order to track and understand payment velocities.

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Mastercard: The Inclusive Futures Of Cities, SMBs And The Next-Gen Workforce

PYMNTS

Until last week, the card network’s highest-profile efforts have been centered in the developing world – Latin America, Asia Pacific and Africa – in an effort to move cash digital. Among those on Mastercard’s Inclusive Futures listening tour were New York, Atlanta, Chicago, Cleveland, Oakland and St.

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Why Libraries Are Giving Up On Late Fees

PYMNTS

That lost library book we had almost managed to convince ourselves no longer existed. Paul, Minnesota; Dallas, Texas; and Oakland, California – in what has become known of late as the library fee amnesty movement that has been quietly (they are libraries after, all) picking up steam in 2019. The first being Amazon, of course.).

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Senior Director, Product Management. Card Skimming Fraud – Old Threat, New Growth. through FICO’s Card Alert Service.

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