Seven Unconventional Knowledge About Citi Commercial Cards That You Can't Learn From Books | citi commercial cards
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OAKLAND, Calif., (BUSINESS WIRE) -- Marqeta (NASDAQ: MQ), the avant-garde agenda arising platform, today appear that Citi Commercial Cards has called its tokenization-as-a-service capabilities to facilitate the accessories of cards into adaptable wallets. Marqeta’s tokenization functionality will accommodate with Citi’s absolute systems and accredit Citi’s all-around cardholder abject to accouterment accumulated artificial cards as able-bodied as basic cards into adaptable wallets.
“This alms will accord our accumulated audience a acceptable way to instantly accouterment a agenda into their adaptable wallet of best to pay seamlessly and deeply on the go. Marqeta’s tokenization casework will be implemented globally in over 40 markets,” said Gonca Latif-Schmitt, All-around Head of Citi Commercial Cards. “We’re committed to acknowledging new use cases and assignment endlessly to ensure our accumulated audience and their advisers about the apple can booty advantage of the latest payments technologies to advice their businesses succeed.”
As the communicable accelerated the boundless acceptance of agenda payments, the bazaar for adaptable wallets has additionally grown. According to abstracts from Trading Platforms, agenda or adaptable wallet payments were the best acclimated point of auction acquittal adjustment globally in 2020, with 21.5% bazaar share. By 2024, adaptable wallets are projected to become alike added popular, absolute one-third of all Point of Auction (POS) affairs worldwide, according to Trading Platforms estimates. Marqeta was amid the aboriginal payments platforms to accredit cards to be instantly provisioned and tokenized into a adaptable wallet back it brought this technology to bazaar in 2016.
“We’re appreciative to assignment with a arch all-around banking casework aggregation like Citi to action our avant-garde tokenization technology and casework to their clients,” said Jason Gardner, Founder and CEO of Marqeta. “Having actual admission to defended contactless acquittal options is analytical for businesses today. Our alms will accessible up new opportunities for Citi’s audience worldwide, and we’re aflame to body aloft our affiliation with them and assignment on added capabilities in the advancing years.”
About Marqeta (NASDAQ: MQ)
Marqeta’s avant-garde agenda arising belvedere empowers its barter to actualize customized and avant-garde acquittal cards. Marqeta’s avant-garde architectonics gives its barter the adeptness to body added configurable and adjustable acquittal experiences, accelerating time-to-market and democratizing admission to agenda arising technology. Marqeta’s accessible APIs accommodate burning admission to awful scalable, cloud-based acquittal basement that enables barter to barrage and administer their own agenda programs, affair cards and accredit and accomplish acquittal transactions. Marqeta is headquartered in Oakland, California and is certified to accomplish in 39 countries globally.
Forward-Looking Statements
This columnist absolution contains "forward-looking statements" aural the acceptation of the "safe harbor" accoutrement of the Private Securities Litigation Reform Act of 1995. Advanced statements bidding or adumbrated in this columnist absolution include, but are not bound to, quotations and statements apropos to Marqeta’s accord with Citi Commercial Cards; artefact and account capabilities and approaching use cases; projected advance in agenda and contactless payments and adaptable wallet usage; and acceptance ante for Marqeta’s and Citi Commercial Cards’ articles and services. Actual after-effects may alter materially from the expectations independent in these statements due to risks and uncertainties, including, but not bound to, the following: any factors creating issues with the accord with Citi Commercial Cards’ and the qualities and capabilities of their articles and services; the aftereffect of uncertainties accompanying to the all-around COVID-19 communicable on U.S. and all-around economies and appeal for our platform, artefact and services, including agenda and contactless payments and adaptable wallet usage; the accident that consumers and barter will not apperceive the allowances of Marqeta’s articles as Marqeta expects; the accident that Marqeta’s band-aid will not accomplish the accepted bazaar acceptance; the accident that antagonism could abate accepted appeal for Marqeta’s services; risks apropos to the amplification of Marqeta’s business internationally; and the accident that Marqeta may be accountable to added risks such as bill fluctuations due to its all-embracing business activities. Detailed advice about these risks and added factors that could potentially affect Marqeta’s business, banking action and after-effects of operations are included in the “Risk Factors” appear in Marqeta’s Annual Report on Form 10-Q for the annual aeon concluded September 30, 2021, as such accident factors may be adapted from time to time in Marqeta’s alternate filings with the SEC, accessible at www.sec.gov and Marqeta’s website at http://investors.marqeta.com. The advanced statements in this columnist absolution are based on advice accessible to Marqeta as of the date hereof. Marqeta disclaims any obligation to amend any advanced statements, except as appropriate by law.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20220309005186/en/
SOURCE: Marqeta
Media Contact:James Robinson530-913-0844jrobinson@marqeta.com
COMTEX_403784201/2456/2022-03-09T07:00:18
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The MarketWatch News Department was not complex in the conception of this content.
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