Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification [Yahoo! Finance]
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Yahoo! Finance
NEW YORK, May 02, 2024 BUSINESS WIRE Orum , the simplest API for fast, reliable payments, today announced the launch of No Code Verify, which helps businesses and institutions determine whether a bank account is open and valid before initiating payments — all without integrating an API. Orum's Verify solution offers 100% coverage of all US-based consumer and business bank accounts — a meaningful step forward in an industry still plagued by invalid credentials, friction, and fraud. The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account. Failed payments cost the global economy over $100B each year , a problem Verify solves by completing bank account verification within 15 seconds. No Code Verify takes this a step forward, broadening access to the first-of-its-kind solution by enabling businesses and financial institutions to utilize the technology without connecting to an API or additional integrations.
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- Marqeta, Inc. (NASDAQ: MQ) had its price target lowered by analysts at Barclays PLC from $8.00 to $7.00. They now have an "overweight" rating on the stock.MarketBeat
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MQ
Earnings
- 5/7/24 - Beat
MQ
Sec Filings
- 5/14/24 - Form SC
- 5/8/24 - Form 4
- 5/7/24 - Form 10-Q
- MQ's page on the SEC website