An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Marqeta and Bill.com Partner to Power New Commercial Card Programs for Financial Institution Customers
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Marqeta (NASDAQ: MQ) has partnered with Bill.com (NYSE: BILL) to enhance virtual card payments for financial institutions. This collaboration aims to help Bill.com's customers streamline their accounts payable processes. Marqeta will provide its modern card issuing platform, supporting innovation in payment solutions. The partnership underscores Marqeta's commitment to empowering businesses with advanced financial technologies, enabling faster and more efficient transactions. Both companies see this as a significant step toward addressing market gaps in payment digitization.
Positive
Partnership with Bill.com expands Marqeta's customer base and card payment capabilities.
The collaboration leverages Marqeta's advanced infrastructure, enhancing innovative payment solutions for Bill.com's financial institution clients.
This partnership aligns with Marqeta's mission to support payment innovation for small and midsize businesses.
Negative
None.
The partnership will power virtual card payments to financial institution customers
OAKLAND, Calif.--(BUSINESS WIRE)--
Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that the company is partnering with Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses (SMBs), to power new innovative commercial card products for Bill.com’s financial institution customers.
Marqeta supports some of the world’s leading innovators at scale by providing advanced infrastructure and tools for building highly configurable payment solutions. Bill.com will expand its card payment capabilities through Marqeta’s modern card issuing platform, representing a significant new customer win for Marqeta and an innovative application of its platform in enterprise payments. This new partnership assists Bill.com’s business goals to digitize payments and streamline accounts payable workflows for financial institution customers.
“We’re excited for the opportunity to work with Bill.com to support new modern card issuing capabilities for their financial institution partners, helping their customers to streamline payments and process payments faster,” said Jason Gardner, Founder, and CEO of Marqeta. “Bill.com is addressing a huge gap in the market helping small and midsize businesses access much needed payment innovation. Our mission at Marqeta is to provide technology solutions to empower innovators to change the world, which we see Bill.com embodying closely.”
“We believe that our customers deserve innovation, which is why we’ve partnered with Marqeta and their flexible card issuing platform to deliver this new offering to serve our financial institution partners and their customers,” said René Lacerte, Bill.com CEO and Founder. “This helps us serve our customers with enhanced financial operations capabilities, enabling faster and easier payment offerings, so that they can focus on what they do best - running their business.”
About Marqeta
Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 36 countries globally. For more information, visit www.marqeta.com, Twitter and LinkedIn.
What is the partnership between Marqeta and Bill.com about?
Marqeta has partnered with Bill.com to enhance virtual card payments for Bill.com's financial institution customers, leveraging Marqeta's modern card issuing platform.
How will the Marqeta and Bill.com partnership impact financial institutions?
The partnership aims to help financial institutions streamline their accounts payable workflows and digitize payments, making transactions faster and more efficient.
What are the stock symbols for Marqeta and Bill.com?
Marqeta is listed under NASDAQ: MQ and Bill.com under NYSE: BILL.
When was the partnership between Marqeta and Bill.com announced?
The partnership was announced on October 27, 2021.
