- Card issuing platform Marqeta Inc (NASDAQ:MQ), payments leader Mastercard Inc (NYSE:MA), and marketplace payment engine Paycast (an SPG company) have collaborated to launch a digital card product.
- Marqeta supports Paycast with its open API platform, enabling digital builders like Paycast to create modern financial products with control and speed.
- Paycast will leverage Marqeta’s virtual card functionality, helping Paycast customers to participate in the authorization process, and support anti-fraud measures.
- Marqeta and Mastercard provided strategic funding to SPG to enhance the Paycast proposition.
- Mastercard will help use virtual cards on its global card network, providing industry and functional expertise.
- Price Action: MQ shares traded higher by 9.48% at $22.41 on the last check Wednesday.
Citigroup Initiates Coverage On NEXTracker with Neutral Rating, Announces Price Target of $36
Citigroup analyst Ryan Levine initiates coverage on NEXTracker (NASDAQ:NXT) with a Neutral rating and announces Price Target of $36.
