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Aaron's lease-to-own unit teams with Marqeta to offer virtual card payments

Aaron's Inc.'s lease-to-own division Progressive Leasing partnered with U.S.-based payment card issuing platform Marqeta Inc. to issue virtual cards that can be used by rental customers to make payments, according to a Dec. 6 company release.

The partnership allows Progressive Leasing to capitalize on features like tokenization and Marqeta's just-in-time funding, which will help Progressive Leasing to authorize and reconcile transactions in real time.