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Payment Processor Platform Marqeta to Launch in Canada Next Month

Bank Innovation

Based in Oakland, Calif., EXCLUSIVE -Payment card issuing platform Marqeta will be launched in Canada next month and Europe in 2018, Marqeta’s CEO, Jason Gardner told Bank Innovation. Marqeta uses open API technology to process payment cards, virtual cards and mobile authorization products.

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Clothing Reseller ThredUp Files For IPO

PYMNTS

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

Oakland 222
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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. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3

Oakland 184
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Amazon Takes Territory In US And Beyond

PYMNTS

Oakland, San Jose, San Francisco, Detroit, Austin, Boston and Chicago. This Bay Area city advertised ample office options at one-half to one-quarter the price of nearby Oakland and San Francisco. Mexico presently has a $50 limit on online purchases that can be imported duty-free, but talks are ongoing with the U.S.

San Diego 164
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Grocery Tracker: Food Markets’ Lag In Online Presence

PYMNTS

In San Francisco, Oakland and Albany, California, consumers voted to see a one-cent-per-ounce tax on all sugary beverages, joining Berkeley, California, which instated a similar tax two years ago. Overall, online retail in the U.S. In 2015, grocery purchases accounted for less than 2 percent of the $341 billion spent online.

Online 100
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B&M’s Inventory Issues Aren’t Going Away Online

PYMNTS

Ever since consumers made it clear that they weren’t going to give traditional brands the benefit of the doubt if they couldn’t pivot toward online sales, it’s largely been big-box merchants, like Target and Macy’s, that have blamed supply chain issues for empty shelves, delayed delivery estimates or overflowing stock rooms.

Online 100
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ICBA Community Bankers of the Year

Independent Banker

The association accepted nominations online throughout the month of September, allowing anyone to recommend a community banker for consideration. Summit Bank, Oakland, Calif. Judging Criteria. The 2014 Community Banker of the Year Recipients. Four community bankers were selected for this year’s recognition: National Award Recipient.

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