Banking


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    Christopher Furlong via Getty Images

    Valley Bank unveils payments app for cannabis businesses

    Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

    By Anna Hrushka • Oct. 27, 2021
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    Retrieved from Stripe's Stephen Imm on October 26, 2021

    Stripe and Klarna hook up

    Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

    By Oct. 26, 2021
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    Retrieved from ATPC on July 07, 2021

    Elavon eyes BNPL arena

    Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

    By Oct. 25, 2021
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    Sean Gallup via Getty Images

    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.

    By Oct. 25, 2021
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    Courtesy of Adyen

    ACH payments rise to new record

    ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.

    By Ted Jackson • Oct. 25, 2021
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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."

    By Anna Hrushka • Oct. 22, 2021
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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.

    By Tatiana Walk-Morris • Oct. 22, 2021
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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.

    By Robin Bradley • Oct. 20, 2021
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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. 

    By Oct. 20, 2021
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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.

    By Samantha Schwartz • Oct. 19, 2021
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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.

    By Dan Ennis • Oct. 19, 2021
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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.

    By Dan Ennis • Oct. 18, 2021
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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.

    By Dan Ennis • Oct. 13, 2021
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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.

    By Jim Tyson • Oct. 13, 2021
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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. 

    By Oct. 12, 2021
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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. 

    By Oct. 11, 2021
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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.

    By Sebastian Obando • Oct. 08, 2021
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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.

    By Dan Ennis • Oct. 07, 2021
  • 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.

    By Anna Hrushka , Robin Bradley • Oct. 06, 2021
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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.

    By Oct. 04, 2021
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    Eduardo Munoz Alvarez via Getty Images

    Fiserv to create New Jersey corporate tech hub

    The Wisconsin-based payments giant will invest $105 million in the new Berkeley Heights corporate campus where it expects to employ about 3,000 workers.

    By Tatiana Walk-Morris • Sept. 30, 2021
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    Justin Sullivan via Getty Images

    Visa to add big new office in Atlanta

    The card behemoth said some of its top executives will move to the new Atlanta office, set to open next year and eventually host 1,000 employees.

    By Sept. 29, 2021
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    Chip Somodevilla via Getty Images
    Column

    Don't hold your breath for a US CBDC

    Given the vast spectrum of American payment choices and slower U.S. digital advances, any central bank digital currency may be a long time coming. 

    By Sept. 27, 2021
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    Unsplash / Tech Daily

    Square, PayPal mobile wallets attract funds

    The payment companies have seen significant increases in the total amount of money stored on their mobile wallets, but individual accounts still hold relatively small sums.

    By Sept. 24, 2021
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    Noam Galai via Getty Images
    Column

    PayPal, Robinhood play business-model musical chairs

    PayPal is trying out a high-yield savings like Goldman Sach's Marcus and Robinhood is following Coinbase's lead on crypto wallets.

    By Dan Ennis • Sept. 24, 2021