Marqeta extends Block agreement through 2028; becomes default international issuer processor

Marqeta, Inc.

Extended Square Debit Card and Cash App programs to June 30, 2028 (one-year extension for Cash App).
Reduced pricing for the Square Debit Card program under the amendment.
Marqeta to be default issuing processor in non-U.S. markets where Block operates (subject to exceptions).
Block has been a stockholder and warrant holder of Marqeta since 2021.
Amendment executed on November 3, 2023.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Marqeta, Inc. amended the Amendment with Block, Inc. (formerly Square, Inc., or "Block") (effective 2023-11-03).

Action: amendment
Counterparty: Block, Inc. (formerly Square, Inc., or "Block")
Effective: 2023-11-03

Exact text from the filing

On November 3, 2023 , Marqeta, Inc. (the “Company”) executed a contract amendment (“the Amendment”) to its Master Services Agreement with Block, Inc. (formerly Square, Inc., or “Block”).

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Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001522540-23-000030

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