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Payments firm Marqeta to add 175 jobs to boost global presence

Bank Innovation

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. 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.

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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 billion in an initial public offering priced above a marketed range. Shares of the Oakland, California-based company were up 11.4% Wednesday in New York trading, giving it a market […]. Marqeta Inc.,

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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. Marqeta will be interviewing several investment banks to find an adviser. The IPO could come by 2021, Reuters reported.

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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. And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”.

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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. They were able to identify attempts to uncover CVVs on the cards they had issued and could therefore have those cards blocked and reissued. Read the full post.

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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. The needs are no less important in the American market,” he explained.

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