Payments Innovation

Yelena Reznikova, director of partnerships at Quovo, discusses how ACH payments can be revitalized with technology. Topics include enhancing ACH payments through bank connectivity, security measures and authentication, bank account connectivity and verification, and the benefits of ACH payments and Quovo's connectivity.

Ever split a bill with a group of friends? Ever get stuck with more than your fair share? That’s the sort of issue CashStash is committed to solving: Co-Founder Turner Coggins came on the Payments Innovation podcast to share how his new application allows users more transparency in their shared payments. With CashStash, users can store funds in a shared virtual wallet, giving all members visibility into who’s paid, who hasn’t, and who may need a reminder message. Turner is a Senior Financial Consultant at Capco., has worked with PwC, and received his MBA from Emory. He’s seen it all in finance. Hosted on Acast. See acast.com/privacy for more information.

As Millennials are clouding out prior generations in the coveted 18-34 consumer space, they are using credit cards less and less. Many of them have no credit, which puts them in the never-ending “you don’t have credit, so we can’t offer you credit” cycle. Or they’ve been told to steer clear of the debt trap, so traditional plastic is a non-option for them. This leaves gaps, for both consumer needs and merchant revenue. And that’s where Sezzle comes in. Sezzle is a payment method that offers 0-interest 0-fee lines of credit to consumers while they are shopping. See a $200 jacket at a participating merchant? Use Sezzle and break that up into 4 easy payments of $50. We brought on their CEO and Founder Charlie Youakim, for our Payments Innovation podcast. He shared how the app works, why it works, and why merchants are partnering with him. Hosted on Acast. See acast.com/privacy for more information.

Payments shouldn’t be the only thing going digital. Giving to your favorite local charity should be easy. Digital easy. Hector Pages knows. He grew up in Puerto Rico and saw firsthand devastation from natural disasters. So when he found In/PACT, he had to jump on board. In/PACT is the creator of Good Coin, an integrated giving solution that allows payments to nearly 1.8 million nonprofits. Now, users can give straight to their favorite charities through their mobile banking app or online.  Hector serves as the Chief Growth Officer for In/PACT, and he joined us on the Payments Innovation podcast to tell us all all about the collision of giving and digital. Hosted on Acast. See acast.com/privacy for more information.

Artificial Intelligence. Machine learning As buzzwords go, they’re the hottest things in almost any tech space. “AI” conjures spectacular images of Sci-fi films and robotic engineering. But when it comes down to the reality of your international commerce, you need to know how AI affects your business. We went straight to the top of the AI and machine learning industry by roping in Emerj CEO and Founder Dan Fagella for our latest episode of the Payments Innovation Podcast. This guy’s career is nothing short of mind-blowing: He’s a Brazilian Jiu Jitsu champion, started and sold his first company just to “pay for Ivy League grad school,” and since then has been a serial entrepreneur. Currently, Dan is running his highly successful AI and Machine Learning research company, Emerj, which has become the international go-to for businesses and executives needing to understand the implications of AI upon their companies. He delivered an action-packed 15 minutes of what AI means for fintech and international commerce.   Hosted on Acast. See acast.com/privacy for more information.

Cookie cutter solutions don’t work for everyone.  Often, smaller community banks are left out, especially when considering international exchanges. Mike Salerno, Vice President of Global Banking at FNB Omaha, saw a host of opportunities  following the recession as larger banks tightened up.  This allowed other correspondents to come in and establish partnerships. Mike and FNB have made a commitment to continue to service their downstream and correspondent banks.  This includes partnering with them to help them come up with and work on creating a solution set. Hosted on Acast. See acast.com/privacy for more information.

More and more workers are abandoning the traditional "Nine to Five" jobs for contract 1099 work. While this provides more freedom for workers, Dylan Massey, Co-Founder and CEO of Intercheks, says this also presents some issues when it comes to streamlining the payment processes for individual contractors, some of whom may come and go or have multiple side jobs. Dylan talks to us about his pathway to Interchecks and how his team is helping to solve specific problems by working to streamline the payment process. Hosted on Acast. See acast.com/privacy for more information.

As US merchants expand their operations across the world into emerging markets, they quickly discover an interesting fact: Many cash-centric nations, have leap-frogged over the usage of plastic. Now, many of these traditionally cash-heavy nations, have found tech integrations that allow merchants to sell online and collect cash with receipts, QR codes, and other methods. There’s around 300 different major payment methods available across the globe. If your company is going global, it can be intimidating navigating the cultural, regulatory and technical aspects of such a wide variety of payment options. That’s what Steve Villegas does. He’s a pro at payment integration. He’s the Partner Management & Head of US Office for PPRO, where he and his team are educating companies on how to accept payments in the preferred method of countries from Eastern Europe to Africa to Asia. You don’t want to miss this. Hosted on Acast. See acast.com/privacy for more information.

There’s a simple way to make international transactions easier for you and your clients: Make payments in local currency. Bob Murray is the Director of Foreign Exchange at Brookline Bank and he’s been involved in foreign exchange markets since the early 80’s.   Throughout the years, he’s seen how foreign exchange can really touch all areas of a bank.  From international payments to wire transfers, having a solid foundation in foreign exchange markets is critical for the success of a bank.   Bob has also noticed something else that has stayed the same in the several decades he’s been in this space: it’s still fundamentally a relationship market.  Without a relationship formed between a foreign exchange salesperson and a customer there can be no hope for a productive and lasting business exchange between the two parties. We sat down with Bob in this episode of Payments Innovation to talk about Brookline Bank, the foreign exchange market, international currency exchange best practices, and educating customers on this space. Hosted on Acast. See acast.com/privacy for more information.

Jeff is passionate about all things Fintech and Payments. He has consulted with eCommerce platforms, PSP's, Challenger Banks, and Financial institutions of all types and sizes to deliver business-critical payments, banking, and compliance solutions via cloud and on-premise. With over 10 years working in the finance, banking, and payments space, Jeff has extensive knowledge in solving problems and removing barriers to entry for Fintech's in the new digital era. In this episode we welcome Jeff to the hosting team at the Payments Innovation podcast.  Hosted on Acast. See acast.com/privacy for more information.