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Visa to Provide Debit Cards for Goldman Sachs’s Marcus (1)

Oct. 28, 2020, 9:43 PM

Visa Inc. said it won a deal to serve as the network for debit cards offered by Goldman Sachs Group Inc.’s online retail bank, Marcus.

Visa Chief Executive Officer Al Kelly announced the agreement Wednesday on a conference call with analysts after the card network released quarterly earnings.

Goldman’s Marcus unit has been adding to its retail-banking products, including a credit card last year. The Wall Street firm is trying to build a Main Street presence largely from scratch, hoping it will fuel revenue growth.

“With millions of customers, Marcus continues to create new products to create a full-service digital ...

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