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#payments

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Why it's hard to marry card and payment tech

While a multibillion-dollar acquisition involving a card technology seller and payment processor looks like an obvious bridge between two sides of the same industry, these arrangements often end or radically change.

americanbanker.com/payments/ne

A customer holds a contactless debit card issued by HSBC near a Worldpay payment terminal.
American Banker · Why it's hard to marry card and payment techBy John Adams

Ramp reportedly angles for part of $700B US credit card program

The fintech is seeking to handle part of the SmartPay federal employee charge card program, assisted by its close ties to the Trump administration, the media outlet ProPublica reported.

paymentsdive.com/news/ramp-rep

Payments Dive · Ramp reportedly angles for part of $700B US credit card programBy Justin Bachman

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#Trump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government #Payments Program. A little-known firm with investors linked to #JDVance, #ElonMusk and Trump could get a piece of the federal expense card system — and its hundreds of millions in fees. “This goes against all the normal contracting #safeguards one expert said. There is no normal anymore.#fascism propublica.org/article/trump-p #fraud #corruption #president #fascism #lawfedi #graft

ProPublicaTrump Team Eyes Politically Connected Startup to Overhaul $700 Billion Government Payments Program
More from ProPublica

Paper check use surged last year, AFP says

Use of paper checks by U.S. businesses jumped last year, according to an annual survey by the Association for Financial Professionals, which struggled to explain the results.

paymentsdive.com/news/paper-ch

Payments Dive · Paper check use surged last year, AFP saysBy Lynne Marek

Former HSBC exec talks career switch to fintech

HSBC was Episode Six’s second client. The exec who inked the partnership, Brian Muse-McKenney, saw so much promise in the fintech’s offerings that he jumped ship from the C-suite to join it.

bankingdive.com/news/former-hs

Banking Dive · Former HSBC exec talks career switch to fintechBy Gabrielle Saulsbery