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Payment Processor Platform Marqeta to Launch in Canada Next Month

Bank Innovation

Based in Oakland, Calif., EXCLUSIVE -Payment card issuing platform Marqeta will be launched in Canada next month and Europe in 2018, Marqeta’s CEO, Jason Gardner told Bank Innovation. Marqeta uses open API technology to process payment cards, virtual cards and mobile authorization products.

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Payments processor Marqeta climbs after $1.23 billion IPO

BankInovation

an online card and payment processing company, rose as much as 21% in its trading debut after raising $1.23 Shares of the Oakland, California-based company were up 11.4% Marqeta Inc., billion in an initial public offering priced above a marketed range. at 3:41 p.m. Wednesday in New York trading, giving it a market […].

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Afterpay partners with Marqeta to expand payment features

Payments Source

Afterpay, whose online installment loans are seeing strong growth in the U.S. apparel sector, has partnered with Oakland, Calif.-based based processor Marqeta to develop additional payment products and services.

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Grocery Tracker: Food Markets’ Lag In Online Presence

PYMNTS

In San Francisco, Oakland and Albany, California, consumers voted to see a one-cent-per-ounce tax on all sugary beverages, joining Berkeley, California, which instated a similar tax two years ago. Overall, online retail in the U.S. In 2015, grocery purchases accounted for less than 2 percent of the $341 billion spent online.

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Clothing Reseller ThredUp Files For IPO

PYMNTS

Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., The company, based in Oakland, California, is one of the growing numbers of eCommerce sites trafficking in used goods, competing with old stalwarts like Salvation Army Thrift Stores. Bloomberg reports.

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Marqeta Preps For IPO, Had $4.3B Valuation In May

PYMNTS

Oakland, California-based issuer processor Marqeta , which is backed by Goldman Sachs , is preparing for an initial public offering (IPO) and seeking out investment banks for advice, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3

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B&M’s Inventory Issues Aren’t Going Away Online

PYMNTS

Ever since consumers made it clear that they weren’t going to give traditional brands the benefit of the doubt if they couldn’t pivot toward online sales, it’s largely been big-box merchants, like Target and Macy’s, that have blamed supply chain issues for empty shelves, delayed delivery estimates or overflowing stock rooms.

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