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Marqeta ceases operations in Australia

The Paypers

Global card issuing platform Marqeta has ceased its operations in Australia to reduce expenses and boost activities in its Oakland, California base.

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Payments firm Marqeta to add 175 jobs to boost global presence

Bank Innovation

The Oakland-based company plans to add 175 jobs this year, bringing its total to 400 employees by 2020, CEO Jason Gardner said on Wednesday. Fresh off a $260 million Series E funding round, card issuing and processing startup Marqeta is building its team as it expands to new geographies. Gardner told Bank Innovation that Marqeta […].

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With Curfews Descending, Uber And Others Suspend Services

PYMNTS

With curfews descending on some American cities due to violent clashes between law enforcement and protesters, Uber , Lyft and DoorDash have ceased operations during the curfew hours, CNBC reports. Now, Uber has suspended its operations in Los Angeles, Oakland, San Francisco and parts of Minneapolis during the curfew hours for the time being.

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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 The team at Beneficial State Bank believes that banking has the power to bring about radical change. wears this mission proudly. They unionized.

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Simon?Drops $3.6B Mall Deal, Sues Taubman Centers

PYMNTS

In a complaint filed with the Oakland County Circuit Court in Pontiac, Michigan, Indiana-based Simon Property Group said it is suing Taubman Centers for violating terms of the deal.

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Lyft eBikes Return To SF After Battery Fire Investigation

PYMNTS

The ridesharing company pulled the eBikes off the road in San Francisco — as well as San Jose and Oakland — in July after several reported battery fires. Lyft is bringing its electric bikes back to San Francisco after the company had to stop the service due to several battery fires.

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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

"The impact of slower payments will move through the supply chain, with [SMB] suppliers waiting longer to receive payments, adding further cash flow pressure and constraining their ability to cover operational costs," warned Earlypay CEO Daniel Riley. The vendor has filed a lawsuit, accusing the retailer of failing to pay the $1.8

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