- Card issuing platform Marqeta Inc MQ, payments leader Mastercard Inc MA, and marketplace payment engine Paycast (an SPG company) have collaborated to launch a digital card product.
- Marqeta supports Paycast with its open API platform, enabling digital builders like Paycast to create modern financial products with control and speed.
- Paycast will leverage Marqeta’s virtual card functionality, helping Paycast customers to participate in the authorization process, and support anti-fraud measures.
- Marqeta and Mastercard provided strategic funding to SPG to enhance the Paycast proposition.
- Mastercard will help use virtual cards on its global card network, providing industry and functional expertise.
- Price Action: MQ shares traded higher by 9.48% at $22.41 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
