Block Selects Marqeta for Square Business Credit Card, Consolidating Card Programs

MT newswire2026/10/19 13:21

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09:21 AM EDT, 10/19/2026 (MT Newswires) -- Marqeta (MQ) said Monday that Block (XYZ) has selected it to enable the Square business credit card for sellers, backed by the American Express (AXP) network. The move consolidates Square's debit, prepaid and credit programs onto Marqeta's platform, simplifying operations and speeding up product launches, the company said. Marqeta said its technology allowed existing accounts and card credentials to be transferred without disrupting cardholders.

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The "Future Investment Initiative" summit in Saudi Arabia, known as the "Desert Davos," has announced its postponement. The 10th edition of the event, originally scheduled to take place in Riyadh from October 26 to 29, has been postponed until 2027. The delay is due to ongoing attacks by Houthi forces targeting locations within Saudi Arabia, including Riyadh Airport and the Saudi Aramco headquarters. According to the draft agenda, planned attendees included senior executives from financial giants such as Goldman Sachs, JPMorgan, and Blackstone.

华尔街见闻•2026/10/19 21:01