Square Shifts Business Credit Cards to Marqeta Platform to Speed Credit Innovation
By PYMNTS
AI summary of the source article
Square has consolidated its credit and debit programs on Marqeta's card issuing platform by migrating the Square Credit Card. Square stated the move will enable it to bring new credit features to market more quickly.
Why it matters
Square stated "this will enable the company to bring new credit features to market more quickly."
Key facts
- Square consolidated its credit and debit programs onto Marqeta's card issuing platform.
- Square migrated its Square Credit Card to Marqeta, which already powers Square's debit and prepaid programs.
- The consolidation was announced in a press release on Monday (Oct. 19).
Source excerpt · PYMNTS
Square has consolidated its credit and debit programs on Marqeta’s card issuing platform, saying this will enable the company to bring new credit features to market more quickly. With this move, Square migrated its Square Credit Card to Marqeta, which already enables Square’s debit and prepaid programs, the companies said in a Monday (Oct. 19) press release. Square Credit Card is Square’s business…