Marqeta also partners with other companies to provide more services, like card manufacturing. Marqeta is a leading issuer processor and program manager for card and mobile-based payments programs. 07. About Marqeta. Marqeta powers DoorDash’s Red Card, the proprietary, instant-issue physical credit card that Dashers use to pay thousands of restaurants in three countries directly at the point of sale. At a time when many in payments world trumpet their stats and status, Marqeta Inc. * A surge of public. Just-in-Time (JIT) Funding ™. , Mastercard Incorporated, Discover, and PULSE and with issuing banks to issue cards, authorize transactions, and communicate with settlement. In response, JP Morgan has partnered with Marqeta to provide digital issuance to commercial. Marqeta is a leading issuer processor and program manager for card and mobile-based payments programs. 1 day ago · Marqeta hired Parker to build out its international go-to-market and operational functions and boost its position in the markets of Europe and APAC. Certified as compliant with PCI DSS, SSAE-18, and SOC 2 Type II, Marqeta follows industry standards for data security and privacy. Marqeta is on a mission to change the way money moves. In 2020, the Marqeta platform processed $60. Marqeta's Q3 2021 TPV rose 60% YoY to $27. Marqeta and our customers are at the. Or even with JIT (eg. Customize your physical cards. 105B, a 10. If you are looking for a trusted, reliable and forward-thinking modern card issuing platform to assist with your growth aspirations, talk to Marqeta. Consequences of group composition for the interpersonal dynamics of strategic issue processing. S. Marqeta provides a single, global, cloud-based, open API platform for modern card issuing and transaction processing. Founded in 2010, Marqeta reported $108 million in the first quarter of 2021, or double the prior year as its net loss narrowed to $12. Become a Partner. Credit card processor that makes it easier for businesses that issue workers cards to manage which transactions are authorized. 681B, a 18. 250-952-4111. March 21st, 2023. card issuing card processing pay-in real-time payment networks integration issues problem-solving attitude industry partners Analytical Mind Visa pay-out engineering knowledge card processing systems card space plaid settlement solutions Communication Skills Mastercard Sepa Project Manager Swift Agile MethodologiesSAN FRANCISCO--(BUSINESS WIRE)--Jun. It provides a cloud-based, open API platform for card issuance and transaction processing, enabling services like DoorDash, Klarna, and Square to operate. Take the complexity out of card issuing. advice transaction replaces an original authorization with a smaller amount. Europe, and North America are GPS, Marqeta. Marqeta demonstrates the importance of speed, collaboration, and specialisation, in enabling companies to bring. 1 As specified in more detail below, the amendments apply the notice and access fees set forth under the rule to the. In these transactions, the issuer takes on the risk of issuing credit to an individual. Personalize the look and feel of your physical and virtual cards with custom logo design, carrier, messaging, signature, and graphics that reinforce your brand. Evertec provides a card issuer solution on a single platform with multiple APIs to configure your own service. Switching providers and setting up a new processing platform can be very complex and disruptive. Introducing our new European payments report: The European Payments Landscape in 2030: Implants, embedded ethics and a ‘post-payments’ world. Then, the. In its 2016 Acquirer to Issuer Processing Study , the ECSG, responding to the invitation of the ERPB to assess the opportunity of migrating to a single standard in the acquirer-to-issuer domain, reports that today most of the protocols used in the market are variants of the ISO 8583 standard (e. 2 billion. The global modern card issuer reported $57 billion in total processing volume with net revenue of $109 million in the third quarter of 2023. 831B, a 13. 03. Tue, 11/14/2023. All digital commerce payment vendors offer a software as a service (SaaS) payment gateway at a minimum. 23 billion after pricing its initial public offering above a marketed range. Marqeta launched credit servicing capabilities in February 2021, which makes them the only modern card. The company is aiming for a. Issuer processors 2. Square went from a $4 billion market value in 2016 to $32 billion today, becoming Marqeta’s largest customer and processing more than $5 billion in volume through Marqeta last year, estimates. card issuing card processing pay-in real-time payment networks integration issues problem-solving attitude industry partners Analytical Mind Visa pay-out engineering knowledge card processing systems card space plaid settlement solutions Communication Skills Mastercard Sepa Project Manager Swift Agile Methodologies<iframe src="height="0" width. control of Marqeta's modern card issuing platform. It’s a busy time in the payments space. Then, the issuer/processor sends the authorization response back through the card network, and it ends up back at the merchant terminal with a response to the card holder. Affirm just revealed that it is experiencing. The Marqeta platform provides next generation payment. Visa 2023 shares outstanding were 2. bills itself as one of the few tech innovators on the issuer side. Platform. 23), adds intuitive credit card program. These unique card tokenization capabilities will be integrated into J. Instead of terming it ‘service’, a more apt label is success. Marqeta's financials When Marqeta's partners do well, Marqeta does well. In 2020, Marqeta netted 11bps in interchange revenue plus $0. Certified worldwide with. In response, JP Morgan has partnered with Marqeta to provide digital issuance to commercial. Financial services organizations processing Corporate Actions on behalf of investors also require accurate, timely, and transparent event details from the issuer in order to service the event. This year’s awardees represent some of the most accomplished and innovative leaders across the sector. engages in the creation of a digital payment technology. 5 billion, both showing increases of 76% from the same quarter of 2020. (MQ) stock price quote with breaking news, financials, statistics, charts and more. Guides Discover key concepts of the Marqeta platform with hands on tutorials Core API Issue cards, fund accounts, manage payments, and more DiVA API (reporting & analytics) View filterable, curated production data and personalized insightsEMERYVILLE, Calif. Customizable widgets for card holders that ease your PCI compliance burden. The Oakland-based Marqeta can rightly be described as a payment infrastructure powerhouse. To set the agenda for commerce in their respective industries, these innovators turned to modern card issuing — a new way of issuing cards and processing transactions. All in a way that’s straightforward, secure, and consistent – from Azerbaijan to Zimbabwe. Both pieces must be in place for the system to work. authorization. g. Marqeta is headquartered in Oakland, California and is certified to operate in 39 countries globally. Processing. 20%) Q3 2023 Earnings Call Nov 07, 2023,. As the fintech market boomed, so too did business for the banking-as-a-service companies that helped startups interact with banks. per standard, physical card. The benefits are numerous and each play a role in future proofing our clients' businesses: Cloud and open banking in a secure environment. The issuer and acquirer handle a given transaction. 20, 2022-- Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced an innovative new transport partnership. Galileo’s market-tested transaction processing technology is at the core of our. This was the third consecutive quarter where our TPV exceeded $50 billion. The company generated $290 million in revenue in 2020 compared to $143 the previous year. Source: Marqeta FY2021 10-K. Use the comparison tool below to compare the top B2B Payment platforms for Quickwork on the market. By integrating with major card processing networks around the world. Inc. Issuer processors 1. There is a problem with the card or PINless Debit network. We would like to show you a description here but the site won’t allow us. ), Advances in strategic management: 345–382. --( BUSINESS WIRE )-- Marqeta , theIn addition to the core issuer processing and program management businesses, he expects Marqeta to increasingly offer and monetize offerings that are not tied to interchange, come with higher. Core banking software. Down Detector is reporting an 80% surge in people reporting. Develop, test, and execute highly-customizable rules from hundreds of data attributes, including card network risk scores, on every card transaction. I. Marqeta is reinventing the way credit cards are built. Branded card designs. , Mastercard Incorporated, Discover, and PULSE and with issuing banks to issue cards, authorize transactions, and communicate with settlement. Marqeta also partners with other companies to provide more services, like card manufacturing. In this guide we will walk through. Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. In response, JP Morgan has partnered with Marqeta to provide digital issuance to commercial. com. VICTORIA BC V8W 9R5. third-party credit card issuer processing. 31B, a 21. In the debit card space or prepaid card space, there are things like the Program Manager. issue cards and authorize and settle transactions. 2021 is. , Member FDIC, pursuant to a license from Visa U. Instead of terming it ‘service’, a more apt label is success. In Shrivastava P. Marqeta powers today’s innovators to bring leading card programs to market. The company was founded in 2000 by Clay Wilkes, who also serves as its CEO. Fund accounts. Stripe was formerly known as DevPayments. We provide efficiency and flexibility in managing your prepaid, debit, and credit card portfolio, leveraging industry trends. 147B: 0. We’re excited to introduce Marqeta for Banking, a portfolio of seven banking products that represents the continued expansion of our modern card issuing platform. Core API Issue cards, fund accounts, manage payments, and more. This app works best with JavaScript enabled. finance FinTech platform and demonstrates how it works for an end-user. We would like to show you a description here but the site won’t allow us. Increase your knowledge here. If you’re wondering where Marqeta resides, we would fall under the issuer in the card ecosystem in the four party model of Merchant, Cardholder, Issuer bank and Acquirer bank. Processing overview. Excluding. , Nov. Payment processing: when a customer makes a purchase, the payment is processed through a card payment network, which connects the card issuer, the merchant, and the customer’s bank. I have been fascinated by the technology stack and the innovation that Marqeta has put into building a modern payments plat. 35% increase year-over-year. For mobile applications, native widgets aren’t. 1982. The company's total processing volume reached roughly $60 billion in 2020, up from $21. Gateway and Managed Just-in-Time (JIT) Funding for real-time payment authorizations. Welcome to this quarter’s issue of Marqeta Release Highlights. Visa provides other value-added services to its clients including fraud and risk management, debit issuer processing, loyalty services, dispute management, digital services like tokenization as well as consulting and analytics. Marqeta, Inc. & PURCHASE, N. Marqeta Inc. *When consolidating purchase volume processed through Marqeta’s platform in 2019. The initial public offering (IPO) comes as the growth of digital payments during the COVID-19 pandemic has more than doubled the company’s processing volume. Marqeta Certifies With Mastercard to Provide Processing Services Enabling European Fintechs to Get to Market Faster Twisto, a Prague based Fintech, is the first company to launch a new programme. Nearly Two-Thirds of Americans Want Employers to Offer Instant Access. The Coinbase Card is issued by Pathward, N. 39 to $10. Trust Leave your programme in safe hands with 99. "Marqeta and Mastercard share a vision of. Modern Card Issuer Marqeta Is Going Public. Manage transactions. Yes, credit card issuers can make money from your card account even if you pay in full every month. Core API Issue cards, fund accounts, manage payments, and more. Multiple shipping options. Welcome to this quarter’s issue of Marqeta Release Highlights. 1. One of Marqeta’s customers offers affordable, short-term health insurance plans as an alternative to employer or government-subsidized health plans. The global modern card issuer had $54 billion in total processing volume, up 33 percent year-over-year, with net revenue of $231 million in the second quarter of 2023, up 24 percent year-over-year. Processing. Issue and test your cards with a few clicks. Marqeta’s ability to empower these diverse markets through its cutting-edge infrastructure has positioned it as a leading player in the financial technology. --(BUSINESS WIRE)--Aug. A core credit card processor at a large issuer can interface with more than 100 upstream and downstream enterprise applications. clearing event. Visa has a partner program for every stage of your payments journey. Compared to Marqeta, Lithic handled “~20x the total payments volume (TPV) that incumbent Marqeta did in its first year with an API (2015)”. Nearly Two-Thirds of Americans Want Employers to Offer Instant Access. The locations and contact information for offices eligible to sell licenses in your area will display alphabetically. PAYMENTS. One of the first payment companies to be B Corp Certified, CLOWD9 is designed to be the most efficient. Developers. Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan. Square, by far Marqeta's most important partner, is growing fast, so it isn't all that surprising that Marqeta posted 103% revenue growth in 2020 relative to 2019. As the only core issuer processing system that is delivered through an open API, Gardner says that Marqeta clearly checks that box, by doing, he says, for issuer processing what AWS (Amazon Web. Compare the best B2B Payment platforms for Quickwork of 2023. At the same time, Marqeta will act as the issuer processor, bringing the technology that allows customers to create customized card experiences lacking in credit. With our issuer processing service, you manage the end-to-end processing of your payment products. --(BUSINESS WIRE)--Mar. DiVA API (reporting & analytics) View filterable, curated production data and personalized insights. “From our earliest conversations with Marqeta, we could. issue cards and authorize and settle payment transactions. For instance, grocery-delivery startup Instacart uses. Card issuing and processing platform Marqeta is on a mission to make it easy for businesses of all sizes to roll out. Using open API platforms, card issuers can create customized card products and easily process hundreds of thousands of transactions. Processing. The global modern card issuer had $54 billion in total processing volume, up 33 percent year-over-year, with net revenue of $231 million in the second quarter of 2023, up 24 percent year-over-year. In this series, we highlight a few of our recent product enhancements to provide you insights into how our products are evolving to help you grow your business. Processing Network Unavailable. See how Marqeta creates card programs for expense management. Soft Decline. With Marqeta’s API-first credit card issuing and processing platform, we give you the tools so you can customize your card program. PayPal. Operating Status Active. Credi2 and Marqeta’s partnership will create a card-led instalment platform that enables issuers to more easily offer flexible instalment plans for credit and debit. 番茄小说网作者专区是原创作家创作平台，包括言情小说，穿越小说，玄幻小说，武侠小说，都市小说，总裁豪门小说，网游小说等，快来写小说赚福利！. Instantly issue and process prepaid, debit. Global Payments. Visa provides other value-added services to its clients including fraud and risk management, debit issuer processing, loyalty services, dispute management, digital services like tokenization as well as consulting and analytics. Welcome to the. At some time in the three months prior to your wedding date, you will need to buy a marriage licence. 13% decline year-over-year. In the first three months of 2021, Marqeta generated about $108M, up 123% from the same time in 2020. OAKLAND, Calif. Fundamentally, there are two layers to customer success with Marqeta. Total processing volume (TPV) was $50 billion. Fundamentally, there are two layers to customer success with Marqeta. Marqeta is an issuer processor with an open API that includes rich features like Just-In-Time “JIT. Square, by far Marqeta's most important partner, is growing fast, so it isn't all that surprising that Marqeta posted 103% revenue growth in 2020 relative to 2019. Scale globally Integrate once into our global platform to support card programmes in Europe, the US, Canada and Asia. All the processing is performed on Marqeta’s servers. Pine Labs offers cloud-based point-of-sale (PoS) payment solutions. Online refunds are disabled, when possible, for Marqeta customers by default, and will be selectively enabled after coordinating with your Marqeta representative. Also Known As Galileo Processing. In terms of greenfield opportunities, the company said that its full-year 2020 TPV is less. Just-in-Time (JIT) Funding ™. Processing overview. Kevin Doerr, Chief Product Officer at Marqeta. Marqeta is the first company to offer a platform for modern card issuing and transaction processing and we believe also the first to market with multiple issuing and processing innovations, including the first open APIs, JIT Funding, and Tokenization as a Service. Only one member of the couple is required to apply for a. DiVA API (reporting & analytics) View filterable, curated production data and personalized insights. Trying to get help? Ask our dev community. Total processing volume, or TPV, was $57 billion, an increase of 33% compared to the same quarter of 2022. scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize. 10-26-2021 09:39 AM. Marqeta hired Parker to build out its international go-to-market and operational functions and boost its position in the markets of Europe and APAC. One of the first companies to build APIs for issuing processing natively as a core processor, Marqeta is a modern platform. Marqeta reported total processing volume (TPV) of $27. Marqeta Alternatives Are Fintech Businesses That Issue Cards And Offer Financial Services. Delegated decisioning. Multi-product, multi-use case: choose from credit, debit, prepaid and other lending types. 03 per transaction in processing and other revenue. If an issuer approves a customer, they “issue” a card that allows the. What is a payment processor? A payment processor is a company or service that facilitates electronic transactions between customers and businesses by processing and authorizing credit card, debit card, and other digital payment methods such as digital wallets. Processing. +0. Gross margin also improved significantly during the quarter, and free cash flow turned positive. 7. "A Marqeta product that allows a card issuer to provision a token to a digital wallet, allowing an end user to securely store card information in the digital wallet. Shares of leading edge card issuer Marqeta (NASDAQ: MQ) jumped 6. P. . Event-based notifications sent by the Marqeta platform. This collaboration delivers a cloud-based issuer processing platform for leading-edge payment innovation. 's revenue last year; Marqeta's. Start innovating with Marqeta today. Race condition can happen when Marqeta sends a webhook at the same time as we try to execute the scheduled MarqetaTransactionProcessTask. The global modern card issuer had $54 billion in total processing volume, up 33 percent year-over-year, with net revenue of $231 million in the second quarter of 2023, up 24 percent year-over-year. 4, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Today, payments innovator Marqeta introduced the world's first fully documented, open issuer processing Payments API at developer. While some credit card networks supply cards directly, it’s much more common for. How Marqeta enables users to monetize their crypto balances. Carta Worldwide, backed by our friends at Mogo, is a modern issuer processing platform that enables innovators around the globe to quickly deploy payment products. “Uber will be using our modern card-issuing technology to support its ecosystem of apps, which have more than 100. The company's annual total processing volume was up 50 percent year-over-year to $166 billion, generating $748 million in. Marqeta is the best modern issuer processor, 2) the stock looks undervalued, and 3) the company looks like a. We can’t. LENDING. Built from the ground up, our platform enables developers to launch new programs with speed, flexibility & scale. Global growth: Through a cutting edge new partnership with Visa, Marqeta is now a certified processor in 10 markets across Asia Pacific, a footprint three times larger than any other issuer in the. Card issuing and processing platform Marqeta is on a mission to make it easy for businesses of all sizes to roll out. Our integration allows clients to work with Marqeta without having to create their own integration. Update: June 10, 2021: Marqeta shares rose 13% on their first day of trading Wednesday to close at $30. Visa annual gross profit for 2022 was $29. Numerous large enterprise clients depend on Marqeta for its award winning all API based platform. We’ve been chomping at the bit reveal what’s going on at Marqeta and open a dialogue about the payments industry. Marqeta isn’t publicly identifying its clients using the new service. Founded in 2016 by Ricardo Josua, Daniela Binatti, Juliana. operates as a payments technology company all over the world. Chase, Visa and Bolt payments processing systems are down causing Black Friday misery for millions. Highnote | 3,900 followers on LinkedIn. Founded in 2010 by. 51%. Fund accounts. cave@fiserv. Marqeta will delegate decisoning to your internal risk systems to determine when to challenge a 3DS transaction, giving you complete control to use your own business logic and data. 653B. With our modern tech stack and developer-friendly approach, Marqeta can help brands, banks, and fintechs build credit products with great customizability, get to market faster, provide an excellent cardholder experience, and quickly react to the market in managing their credit card portfolios. A type of payment card typically attached to a line of credit that a user can make purchases against. 23), adds intuitive credit card program management tools and creates a “one-stop. ann. Define authorization rules on card spend, provide ATM access, and. , Nov. We have deep expertise in the prepaid and debit. <iframe src="height="0" width. Bank-grade encryption safeguards PII, PCI, and PIN data-in-transit and data-at-rest. 2. Issuer processing is an oligopoly. We’re one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Marqeta announced a new partnership with Credi2 to provide an end-to-end instalments platform designed for banks, helping them deliver instalment payments on cards to meet growing consumer demand for. Often the result of user-error, something went wrong when the transaction’s information entered the system, something was mistyped, etc. Marqeta’s modern card issuing platform is built from the ground up to provide booming startups and global enterprises with a modern solution they can trust. Marqeta Processing, and Marqeta Applications. While making significant inroads will likely take. CLOWD9 is the world’s first cloud native, cloud certified, decentralised, issuer processing platform. Marqeta is a Modern Card Issuer,. , Nov. What is Marqeta? | The Modern Card Issuer & Payment Processor. OAKLAND, Calif. <iframe src="height="0" width. All in a way that’s straightforward, secure, and consistent – from Azerbaijan to Zimbabwe. Solutions. Guides Discover key concepts of the Marqeta platform with hands on tutorials. As a Marqetan, you have the choice to work remotely, from a Flex Studio co-working space, or from one of our global offices, depending on your location. Physical or Virtual Cards:. Marqeta’s modern card issuing platform supports prepaid, debit, and credit. 678-325-9435. 013. . Get a real-time Marqeta, Inc. comMarqeta's open API platform enables financial institutions to modernize card issuing and processing, drive innovation and grow revenue. The card network then sends the transaction to the issuer processor. 29, 2023--. Search by Name or Area. Morgan Chase, Verizon and Ford, as adoption and scale of the Marqeta platform continues to grow globally. Website: galileo. Solutions. The customer’s bank (Card Issuer) has declined the transaction because of an invalid format or field. In 2021, the Apple App store and the Google Play store hosted more than 5. Groupthink: Psychological studies of policy decisions and Jiascoes. Your customers expect speed, precision and reliability — from authorization to settlement. 340B, a 2. Our diverse. of Oakland, Calif. Pomelo, like many BaaS players, aims to bring that down to weeks. Aspencore network. “Simplicity, transparency and privacy are at the core of our consumer product development philosophy,” said Chairman and CEO David Solomon. DiVA API (reporting & analytics) View filterable, curated production data and personalized insights. Putting it all together, we now expect adjusted earnings per share for the full year to be in the range of $10. Marqeta's financials When Marqeta's partners do well, Marqeta does well. Visa 2022 shares outstanding were 2. Full Year 2022 Financial Results: TPV increased by 50% year-over-year, from $111 billion in 2021, to $166 billion in 2022. Includes prepaid. 5 million apps in total. Stripe primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. Limitless Payments Technology | Certified B Corp | The future of embedded, integrated, automated, sustainable Fintech. Galileo’s products and services include card issuing, payments processing, and digital banking solutions. Marqeta is changing the rules of what payment cards can do. Explore Marqeta's alternatives and competitors. How does Marqeta work? What does Marqeta do? When Will Marqeta IPO? Who is Jason Gardner? Marq. Digital payments giant Visa has announced today (28) that it will acquire Brazil-based techfin company, Pismo, for $1 billion in cash. Despite the importance, frequency and high volume of Corporate Actions in the US, there is no standardized method for the dissemination of the important. We are proud to have a payments partner like Marqeta to help us navigate this. as the issuer of the card. Marqeta founder and CEO Jason Gardner said the company, which operates a payment card issuing and processing platform, will remain in Oakland, where he lives. Marqeta provides a team of payment experts to manage relationships with banks, card networks, and third-party vendors. Company. Developers. Contact Email [email protected] approval issued while the terminal is unable to communicate with the issuer. “Marqeta is an incredible partner to Ramp. Positioned in the debit card issuing and processing space, Marqeta’s technology gives companies that issue cards to workers or customers more control over which transactions are approved. 2. Start innovating with Marqeta today. Marqeta is a card issuing and payments company that provides “a single, global, cloud-based, open API Platform for modern card issuing and transaction processing. Pick up card (fraud) The card issuer has flagged the card for fraudulent activity and is requesting that you seize/hold the card. Invalid transaction. Webhooks send notifications on card activities to your system. Marqeta is an example of an issuer processor. Total processing volume, or TPV, was $57 billion, an increase of 33% compared to the same quarter of 2022. fintech company offering technology businesses can use to issue payment cards, the startup said on Tuesday. Core API Issue cards, fund accounts, manage payments, and. When Jason and the team started Marqeta in 2009, they saw an opportunity to innovate on the issuer processing side of things. Marqeta has become a leading issuer processor, directly connecting tech-savvy startups with various financial instruments and service providers. We very complementary. If you’re wondering where Marqeta resides, we would fall under the issuer in the card ecosystem in the four party model of Merchant, Cardholder, Issuer bank and Acquirer bank. . The Marqeta platform integrates payment processing services that fuel entrepreneurship, on-demand businesses, and many other verticals incorporating payments. We help organizations and banks issue branded physical and virtual cards. Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. From a career development perspective I entered the world of issuer processing and card payments for the first time. -- (BUSINESS WIRE)--Feb. Stripe runs a financial infrastructure platform. One example is Goldman Sachs ( GS ), with its. These executives and their companies are changing the way technology. Top 10 Competitors Of Marqeta: Railsbank, Gps, 11:Fs, Bond. Just-in-Time (JIT) Funding ™. Processing overview. Marqeta's near-term prospects rely on its ability. Tweet. FIS. Marqeta Revolutionizes Payments with the World’s First, Open API for Issuer Processing at developer. +0. . Founded in 2010 by Jason Gardner , Marqeta offers a B2B open API payments platform featuring issuing, processing, digital banking and risk control functions. Established financial institutions represent a large portion of the total issuer processing volume worldwide. This report is a futuristic look at the world of payments and examines the potential issues and innovations that may emerge in the next decade. Stables’ clients can convert stablecoins into fiat money thanks to Marqeta’s dynamic funding. Unlike traditional issuer processors, about half of Marqeta’s revenue is from interchange sharing, similar to a prepaid card program manager (shown in Figure 5 below). This means that the acquirer takes on any financial liability, agrees a fee structure with the merchant and is essentially the “face” of the operation, whether the processor is the same as the acquirer or not. Founded in 2010, Marqeta reported $108 million in the first quarter of 2021, or double the prior year as its net loss.