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Card Issuers Resisted Slashing Credit Limits During Pandemic: CFPB

“In a shift from the previous U.S. economic crisis, credit card issuers last year mostly avoided clamping down on their existing customers’ borrowing limits, according to a new report from the Consumer Financial Protection Bureau. The report, one of the most extensive analyses of credit card trends during the pandemic, found a significant tightening of […]

On The Wires

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Just Eat Takeaway.com and Adyen Partner to Issue Cards for Corporate Expense Programs

“Adyen (AMS:ADYEN), the payments platform of choice for many of the world’s leading companies, today announced Just Eat Takeaway.com, a leading global online food delivery marketplace, will implement its card issuing solution in the form of Takeaway Pay Card. Adyen’s solution enables Just Eat Takeaway.com to issue pre-funded cards to employees for meal expenses.”
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 Marqeta To Power Virtual Google Pay Balance Card

“Marqeta , the global modern card issuing platform, announced today that its modern card issuing platform will power the new virtual Google Pay balance card. The new virtual Google Pay balance card, powered by Marqeta, allows users to easily spend their Google Pay balance through a virtual card tokenized into a mobile wallet and used […]
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Secure Account-Linking And Streamlined ACH Transfers Via Plaid

“Lithic is excited to announce that we are doubling down on our commitment to building a first-class issuing experience for developers by partnering with Plaid . By connecting to over 11,000 financial institutions across the US, Canada, and Europe, Plaid’s platform powers the digital tools that millions of people rely on to improve their financial […]
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Marqeta and Payfare Enter Into Strategic Partnership

“Marqeta (NASDAQ: MQ ), the global modern card issuing platform, and Payfare (TSX: PAY), a leading fintech powering instant payout and digital banking solutions for contract workers, today announced a strategic partnership to expand the reach of Payfare’s platform across the global gig economy.”
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Brex Automates Corporate Credit Card Issuance With First-Of-Its-Kind Integration With Rippling

“Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, today announced a first-of-its-kind integration with Rippling, the all-in-one employee management system that centralizes payroll, benefits, computer, and app management for businesses. This integration makes Rippling the first HR platform that allows companies to automatically issue corporate cards to new employees as part of […]