Technology


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    Courtesy of KeyBank

    KeyBank buys XUP to bolster merchant payments services

    The acquisition will help the bank address challenges regarding its legacy infrastructure, and create a streamlined experience for its merchant clients, KeyBank’s head of commercial product and innovation said.

    By Anna Hrushka • Nov. 24, 2021
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    vchal via Getty Images

    Enterprises prepare for ransomware threats during Thanksgiving

    Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations. 

    By David Jones • Nov. 24, 2021
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    Citi names crypto team chief, plans hiring for digital asset effort

    Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.

    By Robin Bradley • Nov. 24, 2021
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    Dan Kitwood via Getty Images

    Bank regulators to roll out crypto guidance in 2022

    Tuesday's two-page report didn’t provide many details on how banks should navigate digital assets, but regulators said the industry should expect to see the agencies roll out guidance throughout next year. 

    By Anna Hrushka • Nov. 24, 2021
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    Jason Reed via Getty Images
    Deep Dive

    How cash plays into a CBDC future

    Cash use in the U.S. has been on the decline for years, but some lawmakers want to preserve it as a payment option for those who are more dependent on greenbacks. A digital dollar might help achieve goals for financial inclusion too.

    By Nov. 23, 2021
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    Poike via Getty Images

    Stripe CFO Suryadevara draws on challenges as GM CFO

    Suryadevara has ventured into unfamiliar business terrain before, becoming GM treasurer with little prior knowledge of the role.

    By Jim Tyson • Nov. 18, 2021
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    VectorInspiration via Getty Images

    Sift acquires Keyless, adds $25M in funding

    The fraud prevention company plans to use $75 million in new funding this year to hire more employees across engineering, sales and product positions.

    By Tatiana Walk-Morris • Nov. 18, 2021
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    U.S. Bank to buy payments fintech TravelBank

    After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.

    By Robin Bradley • Nov. 17, 2021
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    Column

    Ripple puts SEC on losing end in crypto regulation proposal

    The company last week said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

    By Dan Ennis • Nov. 17, 2021
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    Mark Wilson via Getty Images

    Podium raises $201 million, eyes expansion

    After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.

    By Nov. 16, 2021
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    Retrieved from Flickr/RikkisRefuge.

    "The check is not dead," Deluxe CEO says

    The long-time check printing company still relies on that business for a third of its business, but it's creating a host of other services, mainly for small and mid-sized companies, CEO Barry McCarthy says.

    By Nov. 12, 2021
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    Tero Vesalainen via Getty Images

    CFOs opt for digital payments during pandemic

    Digital payments have grown in popularity because of their role in helping ensure a healthy balance sheet, a survey of some 400 CFOs revealed.

    By Jim Tyson • Nov. 11, 2021
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    Courtesy of website

    Affirm reports better outlook, sidesteps Peloton question

    The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.

    By Nov. 11, 2021
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    Opinion

    Payments trade group rebuts retailers

    The Electronic Payments Coalition says it wants to set the record straight: "Expanding the Durbin Amendment would be a disaster for consumers and small businesses."

    By Jeff Tassey • Nov. 11, 2021
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    Deep Dive

    Crypto creeps into the checkout line

    Payments firms are betting on crypto's growth as an asset class to fuel crypto adoption at checkout.

    By Nov. 10, 2021
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    Chip Somodevilla via Getty Images

    Toomey cautions against proposal to regulate stablecoin issuers as banks

    "I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

    By Anna Hrushka • Nov. 8, 2021
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    Chopra screen grab/Payments Dive, data from Screen grab

    CFPB's hard line with payments industry may be a hint of things to come

    Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

    By Nov. 8, 2021
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    Sponsored by EverC

    The immediate danger of cyberlockers

    Explore the right tools and expertise to stay in compliance and eliminating critical in your merchant portfolios.

    Nov. 8, 2021
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    Alex Wong via Getty Images

    Payments heads toward record venture funding year: CB Insights

    Payments startups are sopping up what's likely to be a record amount of venture capital this year, as the industry collects money that's transforming the financial sphere.

    By Nov. 5, 2021
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    Permission granted by First Internet Bank

    First Internet Bank to expand into payments with $80M First Century purchase

    First Internet CEO David Becker said First Century’s payments business will be a key source of revenue going forward.

    By Anna Hrushka • Nov. 3, 2021
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    Chip Somodevilla via Getty Images

    Regulators eye bank-like oversight for stablecoin issuers

    Stablecoins can support beneficial payments options, Treasury Secretary Janet Yellen said, "but the absence of appropriate oversight presents risks to users and the broader system."

    By Anna Hrushka • Nov. 3, 2021
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    Courtesy of Tricia Harte

    Congress debates pros and cons of BNPL

    Buy now-pay later users love the convenience but also are falling behind in their payments.

    By Nov. 3, 2021
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    clikced it myself - Vaidik Trivedi

    Payments tech to draw $40B next year: Forrester

    The research firm's 2022 outlook also anticipates IPOs for major payments players as well as increased use of digital wallets and QR codes.

    By Tatiana Walk-Morris • Nov. 3, 2021
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    Courtesy of Walmart Press Kit
    Deep Dive

    Early wage payments draw scrutiny

    Companies that offer earned wage access, aka on-demand pay, have proliferated in the U.S. Now, legislators and regulators are targeting the industry for more oversight.

    By Updated Nov. 4, 2021
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    Al Bello via Getty Images

    Moneygram versus Western Union competition rises at Walmart

    Moneygram executives blamed competition with Western Union for a drop in revenue from its walk-in money transfer business at Walmart stores.

    By Updated Nov. 4, 2021