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Goldman Sachs Inches Closer to Offering Marcus Checking Accounts

  • Digital-payments firm Marqeta working with Wall Street giant
  • Goldman is pushing for $125 billion in consumer deposits
Increase of Electronic Payments in Poland

Photographer: Jaap Arriens/NurPhoto/Getty Images

Goldman Sachs Group Inc. is one step closer to offering checking accounts for Main Street consumers.

The Wall Street giant will work with the digital-payments upstart Marqeta on the offering, which it will debut later this year, according to a statement Thursday. Marqeta Chief Executive Officer Jason Gardner said Goldman plans to use the firm’s technology to issue debit cards into mobile wallets, and for offerings that provide customers with real-time access to spending data.