Payments on Fire™

Episode 234 - Partnerships in the Payments Industry - Insights, Musings, and Hard-Won Wisdom with Steve Klebe

Mar 13, 2024
Steve Klebe, a payments industry veteran and angel investor, shares his wealth of experience in forming strategic partnerships that can uplift the entire sector. He discusses his 30-year journey, emphasizing the balance of research, resilience, and intentionality. Listeners will find insights on the complexities of collaboration with giants like Visa and the evolving landscape influenced by AI and quantum computing. Steve stresses the importance of nurturing relationships and active participation in the community for lasting success.
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ANECDOTE

Steve's Career Journey

  • Steve Klebe discusses the importance of partnerships in payments, especially during times of change.
  • He reflects on his career, having been present for key moments like the rise of internet payments and mobile.
ANECDOTE

CyberSource and Visa Partnership

  • Steve Klebe shares a story about a pivotal partnership he forged between CyberSource and Visa regarding fraud screening.
  • This deal, initially met with internal resistance, proved game-changing for CyberSource and the industry.
ADVICE

Strategic vs. Revenue Sharing

  • Focus on strategic partnerships, not just revenue sharing.
  • True partnerships are about industry growth, not immediate monetary gains.
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