Digital Payments News

KeyBank expands embedded banking platform

KeyBank expands embedded banking platform

KeyBank announced the release of its end-to-end payment facilitation capabilities, allowing software companies to easily own and process payments.

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KeyBank acquired XUP Payments in November 2021 to help advance its embedded banking solutions. With KeyBank’s new end-to-end capabilities, powered by XUP, payment facilitators control more of the client experience by digitally onboarding new merchants, setting and managing risk thresholds, and visualizing their transactions through a robust reporting suite.

Software companies can reduce their payment complexities and offer a superior onboarding experience while exercising greater control over risk management and customer service.

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“Payment facilitation is an imperative for many companies as they look to compete in a rapidly changing environment. We have simplified the experience for software companies by offering a fintech-led, bank-sponsored, processor-powered solution. The launch of these new capabilities is the most recent example of KeyBank providing digital innovation at scale,” Ken Gavrity, Head of Enterprise Payments & Analytics, KeyBank.

“We’re excited to expand our capabilities to further enable KeyBank’s clients to simplify the merchant experience and drive new revenue opportunities. These newest capabilities further solidify KeyBank’s position as a leader in the embedded banking space, starting with payment innovation.” Chris May, President, XUP Payments.

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