Payments Innovation

Paper checks are dying. But not as fast as you might think. While many individuals are demanding instant payment systems, most companies still operate by paying bills by check every month.  The overall rates of check usage dropped significantly from 2000 through 2015, but in the last few years the percentage of check usage has plateaued.  There has not been enough disruptive innovation in this par...

The days of region-locking payments are coming to a close. US Unlocked is a prepaid card for international consumers to make purchases in the US. Brion Bonkowski is the CEO at Tern: Enabling Global Commerce which acquired US Unlocked several years ago. Tern purchased US Unlocked because Tern were interested in acquiring their impressive tech platform.  Tern has now built out tech to enable people...

Many financial institutions are stuck in the past with outdated technology. But tech innovators like Google and Facebook aren’t going to wait for them to catch up. Don Halliwell is the Senior Director of Marketing and Communications at Zafin, and he’s been in the digital transformation space for over 10 years.  Don and his team are in the partnership space with banks. They provide them with the ag...

Why doesn’t the US have real time payments? Many nations around the world, including the UK, have these solutions, but not the US. To dive into this question, we spoke with Tim Mills , the Vice President of Real Time Payments Business Development at The Clearing House . The Clearing House has been around since the middle of the 19th century.  They were established to create more efficiency surroun...

Many entrepreneurs fall into no man’s land when it comes to their bank account. They’re too big to keep a personal account, and too small to get attention from banks. Every specializes in bank accounts for online businesses, and they are looking to simplify the entire bank account process for online entrepreneurs. Jeremy Black is the Co-Founder and CEO of Every.  He began his career as an online e...

Community Banks fund over half of the small businesses in the US. They are an essential and often overlooked part of the economy. Tina Giorgio is the President and CEO at ICBA Bancard . Tina has been in this role for a little under 2 years, but she has spent the last 30 years in community banking. “Community Bankers, at our core, are about serving our local community.  There’s a lot of communities...

Paying strangers for big purchases is difficult. Do you pay with cash?  Most people don’t like walking around with that much money.  Do you make a bank transfer? That might take more time and involve more fees than you bargained for. Pete Janes is the Founder & CEO at Shieldpay , a company specializing in digital escrow accounts that help remove the danger of large transactions with strangers. A l...

Buying from Amazon versus ordering from a catalog. One is a lot easier than the other.  One is a lot faster than the other. And one feels a whole lot more “2018” than the other. So why do many B2B companies still make purchases through outdated means?   John Tomich is the CEO & Co-Founder at Credit Key, and he believes that many B2B practices are lagging 10+ years behind B2C, and that includes eco...

Banking is becoming more mobile. You want to be able to manage your portfolio and trade stocks on the go, but security is at the forefront of everybody’s mind.  How do you ensure that your favorite apps are securely storing and managing your data? Nathan Richardson is the CEO at TradeIt , an API infrastructure that links retail investors and app developers with any online financial broker.  Nathan...

Customer loyalty matters. But there aren’t many examples of modern companies that are rewarding their customers very well. Michael Rolph is the CEO and Co-founder of Yoyo Wallet, a platform that helps retailers surprise and delight their customers through streamlining payment options and customer loyalty programs. Retailers can use Yoyo’s technology to allow customers to pay through their own app...

As an entrepreneur, you don’t get many shots.  Time is a finite resource, so how do you choose where to spend your time when investing in a dream? Daren Jackson (President, CEO, and Founder of Rapid Financial Solutions) has experience in this area.  Over the years, Daren has spent time navigating regulations and complexities in the Payments world, and has come with up some do’s and don’ts for FinT...

What if there were a better way to buy and sell rental homes without having to go through the pain of waiting until tenants moved out, letting the home sit empty for months while it sells, losing rent, maintenance costs, and property value? Hosted on Acast. See acast.com/privacy for more information.

How many bills do you have to pay every month?  If you sat down and listed out all of your bills from memory, I bet you’d miss one or two. Some bills change every month.  They can be due on different days, be for different amounts, and they can even hit you with huge late fees if you let one slip through the cracks.  It can feel like a stressful full-time job just to make sure you’re paying your b...

Regulations, compliance, identity verification, bank partnership, the list goes on. In fintech, there’s a growing list of obstacles to consider when developing your financial product. Wouldn't it be nice if you could peer into the mind of someone who’s sole goal was to solve these issues? You can. On our latest Currency Cloud Podcast, we spoke with Sankaet Pathak , CEO and Founder of SynapseFI . S...

Fact: If you have no fraud, you’re losing business. On today’s Payments Innovation podcast, Chris ( Currencycloud ) talks to Tedd Huff (VP of Product, GlobalOnePay ) about who has the most online fraud, what makes fraud “friendly,” and where the future of fraud prevention is headed. “Online fraud on average ranges anywhere from 0.3% up to 3% of total revenues for businesses in North America,” Tedd...

Doing business across borders adds complex layers to your enterprise. But moving payments into other currencies? This should be simple. That’s what we think … and that’s what our latest guest thinks. He’s built an entire business on the premise of ethical, common-sense trading. On our latest podcast, Jeff Scanlon, CEO and President of Paymentearth joined us to unravel the complexities of FX paymen...

With the steady increase of Fintech start-ups, is there a sense of reliability with these financial services? How trustworthy are fintechs in general? Do they have any regulations like a bank? These are challenges that fintech companies have to hurdle, when proving to consumers that they are a reliable source. And it all starts with transparency. Joined with us today, we have financial technology...

Welcome to Payments Innovation! Today, Chris (Currency Cloud) is interviewing Bruce Parker (Modo Payments) about what he means when he says payment interoperability. After two decades in the software side of the payments business, Bruce has seen a lot of technology and infrastructure challenges when it comes to managing data in payments… and navigating exchange between systems and networks among a...

Most consumers, especially next-gen consumers, don't have access to the tools they need to live healthy financial lives. They grapple with problems such as erratic cash flow, limited savings, and access to responsible credit. Banks and fintechs offer no holistic solutions. We interviewed Colin Walsh, CEO and co-founder of Varo, an app that integrates basic banking products with financial health to...

Money matters to small businesses. Working capital can be hard to secure when operating a small business and BlueVine is helping to change that. In our interview with  Eyal Lifshitz from  BlueVine , a FinTech company specializing in providing fast funding to small businesses, we talk about how they are passionate about helping customers and how their industry is evolving. Hosted on Acast. See acas...

For a lot of folks around the world, currency exchange isn’t something they think about. The ease and feasibility of exchanging and sending currency across international borders never crosses the minds of most people. On this episode of Payments Innovation, we sat down with Johnathan Holland , Founder and CEO of Curexe to talk about what it takes to tackle those initial steps of acquiring that ini...

Money 20/20 is the who’s who of FinTech. On this episode of Payments Innovation, we hear from Andrew Morris, who is Chief Content Officer of Money 20/20, the largest global FinTech conference. Through Money 20/20, Morris gets to stay on the cutting-edge of issues that drive the direction of FinTech, and he’s here to share five of them. Hosted on Acast. See acast.com/privacy for more information.

Many of us take for granted the opportunity for readily available, diverse, and quality financial services. Others of us are not so lucky. In our interview with Tatiana Delgado  from BeeTech , a Brazilian FinTech, we learned of how people across the globe need payment innovation to increase their quality of life. Hosted on Acast. See acast.com/privacy for more information.

Host Chris D’Antuono had an enlightening conversation with Wayne Akey from Agile Payments about why SaaS platforms should consider being part of a payment facilitator program, also known as PayFac. Agile Payments has been involved in the payments landscape for about 20 years. In that time their niche has been partnering with software service platforms and embedding payments. Here’s what we learned...

Perfection. That is what Ilie Ardelean & Bryan Walley , the CPO and COO of Exactuals pursue every day in the payments space.   In this episode of Payments Innovation, we sat down with Ilie and Bryan to talk about how they pursue a perfect customer experience with a constant eye on compliance, diligence, and accuracy. We also talked about the importance of strategic payments, captive data points, a...