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    JPMorgan hires exec from PayPal to head fintech partnerships

    Peggy Mangot joined the bank this month to lead a team responsible for designing and developing fintech partnership strategy at JPMorgan Chase's commercial bank.

    By Anna Hrushka • May 27, 2022
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    Chip shortage drives up card costs

    Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

    By May 26, 2022
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    Tracking a fast-expanding universe: 2022 Payments Dive outlook

    Payments technologies are multiplying across the consumer landscape, from checkout to virtual cards to digital wallets. Understanding how those changes will affect services, products and consumers is key as payment options grow in new directions.

    By Payments Dive staff
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    CEOs Sound Off: BNPL takes aim at healthcare, legal costs

    Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.

    By May 25, 2022
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    Billtrust to stay on acquisition streak

    Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.

    By May 24, 2022
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    Jack Henry prowls for acquisitions

    The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now.

    By May 12, 2022
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    Cannabis payments companies focus on compliance, creativity

    In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

    By May 6, 2022
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    Stripe-Plaid squabble erupts

    When digital payments company Stripe launched a new service this week, it caught fintech Plaid, one of its customers and partners, by surprise, and not in a good way. Plaid's CEO expressed his displeasure in what has become a Twitter drama.

    By May 6, 2022
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    Block 'just getting started' with Afterpay

    San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.

    By May 6, 2022
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    Clover revenue growth boosts Fiserv earnings

    During a Wednesday presentation on first quarter earnings, Brookfield, Wisconsin-based payments company Fiserv said global revenue for its Clover operating system for small and medium-sized businesses grew 39%.

    By April 28, 2022
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    NovoPayment lands $19M, spearheads US growth

    Miami-based NovoPayment, the banking-as-a-service provider of digital payments and other services, is collecting capital for an expansion move in the U.S., just as its key business territory in Latin America is heating up as a destination for international fintech expansion. 

    By April 20, 2022
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    Stem raises $20M to streamline music industry payments

    Startup Stem Disintermedia, which aims to bring its financial payout tools to a broader sector of the music industry, lured investments from merchant payments player Block and the major fintech venture firm QED Investors to fuel its growth.

    By April 19, 2022
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    Payments players caught in venture capital squeeze

    The flow of venture capital to startups ebbed in the first quarter for the biggest quarterly decline since 2012. Payments players, which have been big beneficiaries of such investments, are beginning to feel the pinch.

    By April 12, 2022
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    Stripe sees growth slowing this year after pandemic e-commerce boon

    Despite opportunities to sell to the creator economy and meet demand for embedded tools, the company said it won't grow as much this year as last year, citing "one-time behavioral adjustments" in 2021. The super-unicorn still expects to expand based on "explosive growth in fintech."

    By April 12, 2022
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    U.S. Bank teams with Lithia on real-time payments tool

    U.S. Bank and Lithia Motors are teaming up to test a new real-time payments tool for customers selling their used cars to the auto dealer in their driveways. The pilot in Portland, Oregon, is expected to be rolled out nationwide this year.

    By April 4, 2022
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    Cross River reaches $3B valuation, eyes global expansion

    The banking-as-a-service company, has a sweet spot in payments. Cross River's clients include payments juggernaut Stripe, buy now-pay later provider Affirm and crypto exchange Coinbase.

    By Anna Hrushka • March 31, 2022
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    CEOs Sound Off: Confronting a lack of diversity in payments

    Payments CEOs recognize the need to draw more women and people of color into the industry, and the need to promote them. To effect change, these CEOs are changing job descriptions, casting a wider net in recruiting and showcasing how they're different.

    By March 31, 2022
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    OnPay Solutions acquired by Medius

    The acquisition of Jacksonville-based OnPay Solutions is the latest in a string of business-to-business deals over the past year. For Medius, it provides entry into the U.S. market following other recent expansion moves.

    By Tatiana Walk-Morris • March 29, 2022
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    PayPal's Happy Returns to add service in Ulta stores

    PayPal's Happy Returns services will now be available at the beauty products store chain. PayPal has integrated its returns services into multiple retailers’ brick-and-mortar locations over the past few years.

    By Tatiana Walk-Morris • March 28, 2022
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    Sightline taps JPMorgan Chase for gaming expansion

    Sightline is hiring the big bank after raising significant equity capital last year. Payments processors have unveiled new services as online gambling has increased over the past few years.

    By Tatiana Walk-Morris • March 25, 2022
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    Ramp raises $750M to fuel growth

    New York-based corporate spend management platform Ramp said today it's raised $200 million in equity and $550 million in debt financing, bringing its valuation to $8.1 billion.

    By March 21, 2022
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    Moving big money is about to get faster

    In the next few weeks, the two U.S. automated payments systems are set to increase the speed with which $1 million can be sent between two parties.

    By March 16, 2022
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    Shift4 to buy 2 companies for $579M

    The Allentown, Pennsylvania-based payments provider said it has agreed to acquire the cross-border player Finaro and cryptocurrency donations firm The Giving Block in a bid to expand its global reach.

    By March 2, 2022
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    Decline of cash spotlights swipe fees

    "At a time when the economy is still building back from the pandemic, these rising fees desperately need to be brought under control, and the rapid move toward an all-electronic economy with little cash makes the need to do so all the more urgent," writes National Retail Federation Vice President Leon Buck.

    By Leon Buck • Feb. 16, 2022
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    FIS acquires fintech Payrix

    Payments giant Fidelity National Information Services (FIS) has acquired fintech Payrix to bolster its embedded payments offerings in the e-commerce space for small and medium-sized businesses. On Tuesday, FIS President Stephanie Ferris called it a "small but really highly strategic acquisition."

    By Feb. 15, 2022
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    ACI creates BNPL gateway for merchants

    As consumers flock to buy now-pay later options, ACI Worldwide is launching a global BNPL interface for merchants the company says will be a single gateway to multiple installment lenders.

    By Feb. 15, 2022