Square migrates its business credit card to the Marqeta platform to accelerate credit product innovation

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Square has migrated its merchant-facing Square Credit Card to the Marqeta card-issuing platform and consolidated its management with its debit and prepaid card programs. Square said the migration would not disrupt the experience of existing cardholders. The Marqeta platform covers card issuance, transaction processing, credit decisioning, rewards management, risk controls, and dispute handling, enabling Square to iterate faster on credit products for small businesses.