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Marqeta rolls out instant card-tokenization service

Payments Source

The Oakland, Calif.-based based startup’s Marqeta Tokenization-as-a-Service enables banks or fintechs to instantly add credit, debit or prepaid cards to a digital wallet by directly managing tokens instead of going through a third party, Marqeta announced on Tuesday.

Oakland 160
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Clothing Reseller ThredUp Files For IPO

PYMNTS

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. Online clothing retailer ThredUP has filed confidentially for an initial public offering (IPO) in the U.S., Bloomberg reports.

Oakland 222
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Coronavirus Puts B2B Payment Timing In A Tailspin

PYMNTS

2/7 Net 14 is a favorable payment strategy for B2B supplier struggling with late payments , according to accounts receivable (AR) management solution provider Collect911. million is being sought by one supplier of furniture retailer Loves Furniture & Mattresses , The Oakland Press reported. as part of consolidation efforts.

Payments 175
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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.

Oakland 153
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Building from Scratch

Independent Banker

Bank Headquarters: Oakland, Calif. Like a craftsman bricklayer steadily assembling a sturdy house, Nelson built her successful career and her community bank in Oakland, Calif., Two years later, Nelson moved as a single mom to Oakland, where she again found a job as a teller at a regional bank. By Beth Mattson-Teig. Branches: 3.

Oakland 98
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CDFIs Kick Off PPP Loan Submissions

Abrigo

Keller, President and Chief Executive Officer of Community Bank of the Bay, a Community Development Financial Institution serving the San Francisco Bay area from its base in Oakland, Calif. “The application came out Friday and we worked on it all through the weekend along with our partners at Abrigo, and we’re ready. New This Round.

Lending 195
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Wine.com Uncorks A Vintage Year

PYMNTS

No one had it in stock, but Wine.com had a bottle in its Oakland warehouse. The customer experience manager at Wine.com drove from the San Francisco headquarters to the warehouse, drove back to San Francisco and delivered a bottle of Screaming Eagle to one surprised and excited customer.