Seeking to bolster the way firms own and process payments, KeyBank has launched its end-to-end payment facilitation capabilities.
Underlining the ambitions of the firm within the open banking space, the release comes off the back of the acquisition of XUP Payments in November 2021.
Ken Gavrity, Head of Enterprise Payments & Analytics, KeyBank, commented: “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.”
Furthermore, KeyBank’s new end-to-end capabilities, powered by XUP, control more of the client experience by digitally onboarding new merchants.
Chris May, President, XUP Payments, added on the launch: “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.”