The Latest

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    PayPal douses reports of a Pinterest purchase

    With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

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    stock.adobe.com/rh2010

    Sponsored by Onbe

    Payment choice is rapidly diversifying. Here's why it matters for brands.

    Today's customers and workers want to choose how they get paid. Is your brand ready?

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    Permission granted by Vast Bank

    Vast Bank's new offering lures "crypto curious"

    "Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."

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    Courtesy of Klarna

    Klarna delivers BNPL to WIX sellers

    The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.

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    Permission granted by Stripe

    Stripe agrees to buy Recko

    The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

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    Chris Hondros via Getty Images

    Goldman Sachs, AmEx debut corporate payments service

    The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.

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    Courtesy of Pinterest

    Is PayPal pining for Pinterest?

    A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry. 

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    Dan Kitwood/Getty Images News via Getty Images
    Column

    Celsius, Tether and the 'known known'

    Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

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    Dan Kitwood/Getty Images News via Getty Images

    Ransomware activity soars, Treasury finds

    The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

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    Matt Cardy via Getty Images
    Opinion

    Retail groups urge credit swipe routing changes

    Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are. 

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    Spencer Platt via Getty Images

    Fiserv expands restaurant reach with BentoBox purchase

    The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

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    Courtesy of Coinbase

    Coinbase sees single regulator, new framework for crypto supervision

    The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

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    "Acquisition" by Mike Lawrence is licensed under CC BY 2.0

    Billtrust makes $58M acquisition in Europe

    The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.

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    Drew Angerer via Getty Images

    PayPal takes stake in LatAm SPAC

    The digital payments giant disclosed that it bought a minority stake in the SPAC rolled out this month by Latin American e-commerce behemoth MercadoLibre and venture capital firm Kaszek.

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    Courtesy of Google

    SumUp spearheads US growth with $317M Fivestars acquisition

    The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.

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    Tim Boyle via Getty Images

    AvidXchange's IPO swells to $660M

    The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.

    UPDATED: Oct. 14, 2021 at 1:40 p.m.
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    Justin Sullivan via Getty Images

    Andreessen Horowitz poaches Facebook digital wallet execs

    Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

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    Dan Kitwood/Getty Images News via Getty Images

    Half of CFOs plan to assess digital currencies for business: Gartner

    “Sentiment towards digital currencies appears to be improving among finance leaders,” a Gartner researcher said.

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    Cross-border payments competition heats up

    Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

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    Mark Wilson via Getty Images

    Paytech firms outside US gain ground

    Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

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    Fotolia

    Payment tech lifts construction venture funding

    New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

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    Target

    Affirm, Sezzle buy now-pay later options arrive at Target

    As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

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    Green Dot

    Green Dot sued after ditching $165M deal

    The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

  • Spat erupts over postal banking pilot

    Bank and trade groups derided the US Postal Service's new limited pilot program for financial services, but advocates say it could provide needed services for unbanked consumers and buttress USPS's operations.

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    Retrieved from Flickr/RikkisRefuge.

    Rich payment startups target B2B market

    Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

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    Retrieved from Flickr/frankieleon.

    Card critics call for credit routing scrutiny

    One merchant group has opened up a new front in the battle against Visa and Mastercard, calling for more federal antitrust scrutiny of credit card routing.