Adyen is making its first move into card issuing - Business Insider

Adyen Issuing, its first step into issuing, and a new product that builds onto existing services, including in-store and online processing and gateway functionality.Adyen-issued cards can be virtual or physical and can be used online, in-store, in-app, and in mobile wallets. Clients can customize their cards with their branding and use APIs to manage onboarding and cardholders' experiences.

This move into issuing should pit Adyen against Marqeta, potentially hurting the latter's business. Marqeta, which $260 million in Series E funding earlier this year at a nearly $2 billion valuation, is an open API issuer-processor, and now that Adyen is adding its own issuing business, it should challenge Marqeta for issuing clients.

Given Adyen's established relationships from its other services, it could potentially limit Marqeta's ability to add clients that already use Adyen's other services, and the two may compete head-to-head for customers going forward.Payments & Commerce Pro , Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. >>

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nobel laureates Banerjee and Duflo take on world's biggest problems - Business InsiderThe winners of the 2019 Nobel Prize in Economics are taking on the world's biggest problems. We talked to them about the wealth tax, Medicare for All, and some huge misunderstandings about migration. Cool! Harvard, sounds like an interesting article :)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Starling has hit the 1 million account milestone - Business Insider - Business InsiderWhile Starling's total number of accounts may trail other big UK neobanks, it could have an edge over competitors due to the sustainability of its growth:
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Content Moderation Report from Business Insider - Business InsiderThis report analyzes a pressing issue currently facing social platforms — content moderation — and lays out how we expect the debate to evolve.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Woman deported from US to Mexico making shirts critical of US immigration - Business InsiderAfter being deported from the US, one entrepreneur started a t-shirt company to empower and employ other deportees also readjusting to life in Mexico. Seriously you're blurring out flipping the bird 🖕 Come mierda.
Source: BusinessInsider - 🏆 729. / 51 Read more »

CFP says one piece of advice calmed her fears about homeownership - Business InsiderAt 23 years old, Bobbi Rebell purchased her first apartment in New York City. When prices fell shortly after, she feared she got a bad deal.
Source: BusinessInsider - 🏆 729. / 51 Read more »