Tag: Issuing

Mastercard backs card issuing start-up Marqeta

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By Anna Irrera

LONDON (Reuters) – Mastercard Inc <MA.N> has made a strategic investment in fintech firm Marqeta Inc and extended an existing partnership with the card issuing start-up, the companies said on Thursday.

Mastercard and Marqeta will work together to expand into new markets, build new products and launch new card programs, they said.

The size of the investment was not disclosed.

“As Marqeta’s global ambitions continue to grow we saw an opportunity to strengthen the partnership,” Omri Dahan, Marqeta’s chief revenue officer, said in an interview. He added that Marqeta had not been in need of a cash injection.

The Oakland, California-based company has developed a platform that it says makes payment card issuing and processing simpler and more efficient for businesses. Its backers include Goldman Sachs Group Inc <GS.N> and Visa Inc.

Marqeta raised $150 million from an undisclosed U.S. institutional investor in late May at a

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Modi Government launches online system for issuing BIS Certificates to jewellers

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The Government has launched an online system for issuing Bureau of Indian Standard or BIS certificates to jewellers and hallmarking centres in the wake of a likely increase in the number of applications for the certificate. The system was launched on Monday.

The digital solutions for registration and renewal process for licenses for jewellers and for recognition and renewal of Assaying and Hallmarking (AH) Centres have been made for providing ease of doing business, a government release said.

The government has made it mandatory for jewellers to hallmark the precious metals. The requirement for a mandatory hallmarking would increase the number of applications for BIS certificate as per the government assessment.

The online system enables the jewellers to submit the application for registration and fees online a government release said, quoting Union Minister of State for Consumer Affairs, Food and Public Distribution, Danve Raosaheb Dadarao.  

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The Hanover Launches Online Quoting and Issuing Capability for Stand-Alone Specialty Coverages for Small Businesses

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WORCESTER, Mass., Sept. 22, 2020 /PRNewswire/ — The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has expanded its TAP Sales online quote and issuance capability to now include management liability and miscellaneous professional liability products. With this addition, the company’s agent partners can now easily quote, rate, bind and issue stand-alone specialty policies for small business clients.

This expansion is part of a series of investments The Hanover has made in operational solutions to support the independent agency channel and it builds on the success of the company’s other online quote-and-issue capabilities, including TAP Sales for builder’s risk and contractor’s equipment.

“Small businesses often require specialized coverages beyond the protection afforded by traditional small commercial policies,” said Bryan J. Salvatore, president, specialty, at The Hanover. “There is high demand for robust, stand-alone errors and omissions, cyber, crime, and employment practices coverage for small businesses, and

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