Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access. CEO Simon Khalaf said the company’s efforts and value for its corporate clients span the “spectrum of integrated payment options” across debit, installment payments and a personalized experience for their own end customers.He noted that during a single day during the quarter, the company processed more than $1 billion on total payment vol ...