Sioux Falls: Home of Payments Innovation

Innovation is often a word associated with Silicon Valley, but the home of payments innovation is farther north in Sioux Falls, South Dakota.  

In this episode, IPA’s Ben Jackson visits Sioux Falls and talks about what is coming next in payments with Trent Sorbe, Chief Payments Officer at First International Bank and Trust and Kota Pay, and the IPA’s CEO, Brian Tate. 

They discuss how Sioux Falls became a hub for financial services, the future of payments including stable coins and open banking, and the role that banks will play going forward. 

Mark your calendars for our Compliance Boot Camp this September in Chicago—an essential event for professionals looking to build compliance expertise and earn CLEs. We will be covering a variety of topics from EWA to Regulation E to AI. 

This podcast was recorded on July 30, 2025. Things may have changed by the time you hear it.