IPA Payments Pod: Recent Episodes
NBPCA
Hosted by the IPA, the Innovative Payments Pod is designed to keep you ahead of an ever-changing industry and position you to succeed in tomorrow’s prepaid environment. Join us for thought-provoking discussions on the most pressing issues of the day.
In this episode of the IPA's Monthly Government Update podcast, Brian Tate, the IPA's CEO, discusses where the regulatory action will happen throughout the rest of 2026.
He talks about the possibilities for payments legislation in Congress, the CFPB's Unified Agenda, and the changing of the guard at the Bureau.
This podcast was recorded on July 30, 2026. Things may have changed by the time you hear it.
The IPA is holding our Compliance Boot Camp at Discover's Headquarters outside of Chicago on September 10th. Attendees can learn about topics such as third party compliance, regulation and AI, and what the Roman Senator Cicero can teach today's compliance experts.
Continuing education credits are available to attendees. The Boot Camp has been approved for 9.75 CRCM and 2.5 CERP credits through ABA Professional Certifications, plus up to 7 CLE credits in IL, GA, FL, NY, AL, and TX.
Agenda Preview
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Tectonic Shift in Payments - Are Stablecoins Stable?
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Rules, Rewrites, and Litigation - Open Banking US Journey
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Earned Wage Access is Front and Center
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Timeless Rules: What an Ancient Roman Lawyer Can Teach Us About Modern Ethics
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Me, You, and AI
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Third Party Relationships and Oversight - No Way Out
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Bank Charter Expansion: Opportunities and Key Regulatory Considerations
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Fight For Your Rights! Why Reg. E Will Always Matter
View the full agenda to see every session and speaker, then register to save your seat. Space is limited, so don't wait to lock in your spot.
ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Compliance Boot Camp has been approved for 9.75 CRCM and 2.5 CERP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
In this episode, Brian Tate, the IPA's CEO, about the latest developments in payments regulation out of Washington DC.
We discuss OMB director Russel Vought's testimony in front of Congress, what's next for open banking, and Brian gives his current vibe on the midterm elections.
This podcast was recorded on July 17, 2026. Things may have changed by the time you hear it.
If you want to keep up on developments in payments regulation and innovations in the industry, make sure to subscribe to this podcast and share it with colleagues who might be interested.
The IPA is once again running its Summer of Learning Webinar series including one on the Atlanta Fed's payments research and another how Regulation E applies to stable coins. You can learn more about these events at our Web site, IPA.org.
If you are responsible for compliance, then join us at our Compliance Boot Camp being held at Discover's Headquarters outside of Chicago on September 10th. Attendees can earn CLE credits and learn about topics such as third-partycompliance, regulation and AI, and what the Roman Senator Cicero can teach today's compliance experts.
In the latest episode of the IPA Payments Pod, Ben Jackson talks with Tal Clark, the CEO of Instant Financial, about its recent survey of restaurant workers and their financial health.
The company surveyed all levels of restaurant staff – servers, cooks, and managers – and heard their stories about how they manage their financial lives, and the sacrifices they make to make ends meet.
You can download the full study here: 2026 State of the Industry – Restaurants | Instant Financial
This podcast was recorded on June 24, 2026. Things may have changed by the time you hear it.
Listeners can learn more about the evolving world of payments and the regulations that govern it at the IPA's IPA Payments Policy Briefing being held at the Bancorp's Offices in Sioux Falls, South Dakota on July 9.
Listeners who are responsible for regulatory compliance can build their skills and earn CLEs at the IPA's Compliance Boot Camp being held at Discover's Headquarters outside of Chicago on September 10th.
In this episode, Brian Tate, the IPA's CEO, discusses the Federal Reserve's proposal for a new kind of payments account, the executive order about bank customer citizenship, and the new California agency that will headed by former CFPB director Rohit Chopra.
This podcast was recorded on May 28, 2026. Things may have changed by the time you hear it.
Listeners can learn more about the world of payments by attending one of our upcoming events, including our IPA Payments Policy Briefing being held at the Bancorp's Offices in Sioux Falls, South Dakota on July 9 and our upcoming Compliance Boot Camp being held at Discover's Headquarters outside of Chicago on September 10th.
If you are interested in closed-loop cards, then join Ben Jackson at the 2026 Education Forum Hosted by the Retail Gift Card Association and Best Buy on June 10th at Best Buy Headquarters in Richfield, Minnesota. He will be speaking about the role of gift cards in the world of Shopping 3.0 and there will be sessions on the future of the gift card industry with speakers addressing how artificial intelligence will affect the future of shopping, fraud prevention, and the world as a whole.
In this episode, Rory Wilson, a consultant with Rebel, and Annalise Czerny, a payments lead for Rebel, talk about how their company works at the intersection of payments and mobility.
They discuss how helping customers pay for getting around, whether by bus, train, or even rental scooters can help issuers build their payments program. They also cover why open-loop payments are an increasing part of fare payments in transit, and how these payments can help with financial inclusion.
This podcast was recorded on May 12, 2026. Things may have changed by the time you hear it.
The IPA plans to have Rebel back as part of our summer of learning webinar series, so be on the look out for future announcements.
In the meantime, if you want to learn more about the world of payments by attending one of our upcoming events, including our IPA Payments Policy Briefing being held at the Bancorp's Offices in Sioux Falls, South Dakota on July 9 and our upcoming Compliance Boot Camp being held at Discover's Headquarters outside of Chicago on September 10th.
If you are interested in closed-loop cards, then join Ben Jackson at the 2026 Education Forum Hosted by the Retail Gift Card Association and Best Buy on June 10th at Best Buy Headquarters in Richfield, Minnesota. He will be speaking about the role of gift cards in the world of Shopping 3.0 and there will be sessions on the future of the gift card industry with speakers addressing how artificial intelligence will affect the future of shopping, fraud prevention, and the world as a whole.
In this episode, Brian Tate, the IPA's CEO, discusses the California Department of Financial Protection and Innovation's recent consent order against Yotta Technologies.
He covers what led up to the order, how it might herald a new age of regulation for Fintechs, and why it shows that companies shouldn't do business with jerks.
This podcast was recorded on May 19, 2026. Things may have changed by the time you hear it.
Listeners can learn more about the world of payments by attending one of our upcoming events:
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2026 Education Forum Hosted by the Retail Gift Card Association and Best Buy, June 10, 2026, at Best Buy Headquarters in Richfield, Minnesota
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IPA Payments Policy Briefing , July 9, 2026, at Bancorp's Offices in Sioux Falls, South Dakota
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Compliance Boot Camp, September 10, 2026, at Discover's Headquarters in Riverwoods, Illinois, on September 10
The IPA recently wrapped up its annual conference last week. While payments has a bright future, industry players will need to navigate a complex landscape.
In this episode, Brian Tate, the IPA's CEO, talks about the conference and the lessons learned there.
He discusses what the audience heard from the regulators who spoke, the trends that emerged during the sessions, and what was on attendees' minds as they networked during informal gatherings at the conference.
As Brian mentioned, listeners can learn more about the world of payments by attending one of our upcoming events, including our IPA Payments Policy Briefing being held at the Bancorp's Offices in Sioux Falls, South Dakota on July 9 and our upcoming Compliance Boot Camp being held at Discover's Headquarters outside of Chicago on September 10th.
If you are interested in closed-loop cards, then join Ben Jackson at the 2026 Education Forum Hosted by the Retail Gift Card Association and Best Buy on June 10th at Best Buy Headquarters in Richfield, Minnesota. He will be speaking about the role of gift cards in the world of Shopping 3.0 and there will be sessions on the future of the gift card industry with speakers addressing how artificial intelligence will affect the future of shopping, fraud prevention, and the world as a whole.
This podcast was recorded on May 7, 2026. Things may have changed by the time you hear it.
A myriad of forces reshape the payments industry everyday.
Whether it is new technology, new regulations, or new attacks by fraudsters, it can be tough to keep up with the ever-changing landscape.
In this episode, we discuss how payments professionals can learn about all of these factors and more at the Innovative Payments Conference, taking place at the Mayflower Hotel in Washington DC, April 29 through May 1.
Brian Tate, the IPA's CEO, talks about what's on the agenda for the upcoming conference, including:
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Russell Vought, head of OMB and acting director of CFPB, talking about the future of the Bureau and Regulation, and
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David Wasserman, of the cook Political Report, providing a nonpartisan analysis of the upcoming Midterms.
We will also have sessions on things like AI, EWA, Fraud, and Open Banking. Additionally, the IPA has also arranged a special tour of The FBI Experience immediately after the conference for those interested in learning about the history of the Bureau.
This podcast was recorded on March 26, 2026. Things may have changed by the time you hear it.
Registration is now open at this link: Innovative Payments Conference. Listeners can get $25 off the price of registration when they use the code Podcast. Make sure to capitalize the first letter.
Every payment has a context and intention that goes with it. Transactions seem like a simple movement of funds, but things like donations and incentives carry more weight than just the money they move.
In this episode Marina Hodges, the executive vice president of Merchant and Payments at SKUx, explains how the company tries to honor the intentions behind payments by filtering transactions.
She discusses how transaction filtering works, what kinds of companies are using it today, and why it matters for payments providers.
This podcast was recorded on March 11, 2026. Things may have changed by the time you hear it.
The IPA will be holding our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1.
Featured speakers include OMB Director Russell Vought discussing the future of the CFPB and David Wasserman of the Cook Political Report discussing the midterm elections. Registration is now open.
Listeners can get $25 off the price of registration when they use the code Podcast. You can learn more and register here: Innovative Payments Conference
Ep 189 Show Notes IPA's Government Update Podcast February 2026
In this episode, Brian Tate, the IPA's CEO, about the latest developments out of the executive branch.
Topics discussed include:
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the state of the union speech, including what was not mentioned,
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a new effort to recover pandemic funds,
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and the possible move to require citizenship for all bank account holders.
This podcast was recorded on February 25, 2026. Things may have changed by the time you hear it.
The IPA will be holding our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. We will be discussing the future of payments and how it will be shaped by regulation with leaders from both the industry and the regulators. You can learn more and register here: Innovative Payments Conference.
Use the code: Podcast to get a discount on your registration.
In this episode, IPA CEO Brian Tate joins host Ben Jackson to break down the association's newly released annual report and explore the major regulatory and industry developments shaping payments in 2026 — the IPA's 20th anniversary year.
From the future of the CFPB to the accelerating shift from checks to electronic payments, to the emerging regulatory frameworks for stablecoins and digital assets, this conversation maps the landscape that payments companies must navigate in the year ahead.
Key Topics Discussed
• The New Administration's Regulatory Posture
• The Ongoing Transition from Checks to Electronic Payments
• Third-Party Relationships & Digitalization
• Key Issues for IPA Members
• Looking Ahead to 2026
• 2026 Innovative Payments Conference Preview
Links & Resources
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IPA Annual Report
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IPA Membership Information
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2026 Innovative Payments Conference (April 29–May 1, Washington, DC)
Ep 187 Show Notes Attitudes on EWA Are Changing
In this episode, Brian Tate, the IPA's CEO, talks about a recent hearing in the House of Representatives that shows how the thinking about EWA has changed.
He discusses how the industry made its case for EWA, the reaction of members of Congress, and the possibility of federal legislation on EWA and other payments topics. You can watch the full hearing here:
Delivering for American Consumers: A Review of FinTech Innovations & Regulations... (EventID=118806)
This podcast was recorded on December 15, 2026. Things may have changed by the time you hear it.
As Brian mentioned, the IPA will be holding our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. We will be discussing the future of payments and how it will be shaped by regulation with leaders from both the industry and the regulators. Early registration is now open: Innovative Payments Conference
In our last government update podcast for 2025, Brian Tate, the IPA's CEO, talks about the past year's regulatory activity and what to expect as we move into the new year.
He covers the revised advisory opinion for earned wage access products, opportunities to comment on the Prepaid Accounts Rule disclosures and the telephone consumer protection act opt out rules, and the 20th anniversary of the IPA.
This podcast was recorded on December 18, 2025. Things may have changed by the time you hear it.
Make sure to subscribe and leave us a review to help others find the show.
As Brian mentioned, the IPA will be holding our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. We will be discussing the future of payments and how it will be shaped by regulation with leaders from both the industry and the regulators. Early registration is now open: Innovative Payments Conference
In this episode, Tyler Seydel, the Chief Fintech Officer of Sunrise Banks talks about how the bank launched debit rewards cards, a type of card many thought was impossible after the Durbin Amendment. He discusses at the economics of its new rewards cards and what they tell us about how banks can innovate in the card space.
He also discusses how debit rewards cards fit the mission of a community development bank, how mid-sized banks can use their size to work with big partners, and what principles banks need to keep in mind as they strategize for the future.
As Tyler mentions in the show, the IPA will be holding our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. We will be discussing the future of payments and how it will be shaped by regulation with leaders from both the industry and the regulators. Early registration is now open: Innovative Payments Conference.
This podcast was recorded on December 12, 2025. Things may have changed by the time you hear it.
In this episode, Ben Jackson talks with Alexandra Barrage, a Washington D.C. based partner with Morrison Foerster, about how stablecoins are changing the payments business.
They talk about what the Genius Act means for stablecoin issuers and users, what the current stablecoin business looks like and where its going, and the similarities and differences between stablecoins and tokenized deposits.
This podcast was recorded on November 3, 2025. Things may have changed by the time you hear it.
In this episode of the IPA's monthly government update podcast, Brian Tate, the IPA's CEO, talks with Ben Jackson about the latest developments in regulations now that the government has reopened.
They discuss the future of the Consumer Financial Protection Bureau, and the court cases that could affect debit interchange.
IPA members working in the prepaid industry should make sure to register for the Prepaid Renaissance Webinar on December 10th here: The Prepaid Renaissance: Rethinking Payments Strategy.
This podcast was recorded on November 20, 2025. Things may have changed by the time you hear it.
Payments innovations are great, but they are only valuable if merchants accept them.
In this episode, Ben Jackson talks about addressing this issue with John Minor, executive vice president and chief product officer for PayNearMe, a payments acceptance technology provider.
They talk about the future of transactions as new payment types enter shoppers' wallets, why transaction fees are not the full picture of payments costs, and the future of cash.
This podcast was recorded on October 10, 2025. Things may have changed by the time you hear it.
IPA members should make sure that they are joining our weekly and monthly government relations calls. If you are not a member, you can learn about these and other benefits of membership at our Web, IPA.org.
Atlanta-based IPA members should be sure to register for a special event that the IPA will be hosting with InComm on November 12. You can learn more and register here.
Finally, if you have payments expertise that you would like to share with the industry, submit a proposal for our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. You can submit proposals here.
In this episode of the IPA's monthly government update podcast, Brian Tate, the IPA's CEO, talks with Ben Jackson about the latest developments in regulations and court cases that could affect the payments industry.
They discuss the government shut down, the future of the Consumer Financial Protection Bureau, and the court cases that could affect debit interchange.
Listeners attending Money 20/20, should attend the IPA's reception sponsored by Cardaq, on Monday, Oct. 27. You can learn more and register here.
Atlanta-based IPA members should be sure to register for a special event that the IPA will be hosting with InComm on November 12. You can learn more and register here.
Finally, if you have payments expertise that you would like to share with the industry, submit a proposal for our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. You can submit proposals here.
This podcast was recorded on October 17, 2025. Things may have changed by the time you hear it.
As our population ages, financial safety has become one of the most pressing issues in banking and fintech because seniors are one of the groups most vulnerable to scammers.
In this episode, host Ben Jackson sits down with Todd Rovak, Co-founder and CEO of Carefull, a financial safety platform used by banks to protect older adults and their families from scams, fraud, and costly mistakes.
They cover how Carefull uses AI and behavioral data to detect concerning patterns in financial activity—sometimes even spotting early signs of cognitive decline years before a medical diagnosis.
They also discuss:
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Why financial institutions should take aging financial risk seriously
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The critical role of trusted contacts and family engagement
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How technology can enable independence rather than take it away
Learn more about Carefull: https://www.getcarefull.com
This podcast was recorded on August 20, 2025. Things may have changed by the time you hear it.
In this episode of the IPA’s monthly government update podcast, Brian Tate, the IPA’s CEO, talks with Ben Jackson about the latest developments in regulations and court cases that could affect the payments industry.
They discuss the development of a new open banking rule, the Court’s review of Regulation II, and a potential new bill to regulate the crypto and digital assets space.
Listeners attending Money 20/20, should attend the IPA’s reception sponsored by Cardaq, on Monday, Oct. 27. You can learn more and register here.
Atlanta-based IPA members should be sure to register for a special event that the IPA will be hosting with InComm on November 12. You can learn more and register here.
Finally, if you have payments expertise that you would like to share with the industry, submit a proposal for our 2026 Innovative Payments Conference, happening in Washington DC, April 29 through May 1. You can submit proposals here.
This podcast was recorded on September 16, 2025. Things may have changed by the time you hear it.
Open Banking Rule Revisited & The Durbin Amendment in Court: August Government Update
August may be quiet in Washington, but regulatory and legal developments in payments continue to happen. In this episode of the IPA’s Government Update podcast, the IPA’s CEO Brian Tate joins us to unpack two headline issues:
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Open Banking Rule Reconsidered: The CFPB has released an Advance Notice of Proposed Rulemaking (ANPR) on open banking—raising new questions about fees, compliance timelines, and what the future rule might look like. Brian walks us through the litigation backdrop, industry perspectives, and what financial institutions and fintechs should be watching.
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Corner Post v. Federal Reserve: A recent court ruling in North Dakota challenges the Fed’s Regulation II under the Durbin Amendment, questioning which costs can be factored into debit interchange fees. Brian explains what this means for banks, merchants, and consumers, and why the case could extend for years through appeals.
We also look ahead at compliance challenges, industry strategy, and what companies should do now to prepare for a shifting payments landscape.
If your job is compliance, then you should attend our Compliance Boot Camp this September in Chicago. It is 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.
In this episode, we present an edited portion of the audio from the IPA’s recent Summer of Learning Webinar “Europe’s E-money licenses offer insights into possibilities for Fintech charters.”
Alison Donnelly, a payments policy expert and head of payments with the consulting firm fscom in Belfast, discuss e-money licenses, payments developments in Europe, and what U.S. companies should consider if they want to expand across the Atlantic.
This Webinar was recorded on July 23, 2025. Things may have changed by the time you hear it.
IPA members can see the webinar in its entirety in the members only section at IPA.org. If you are not a member, then visit the Website today to learn the benefits of membership.
Whether or not you are currently a member of the IPA, if your work touches the compliance space, then you should attend our Compliance Boot Camp this September in Chicago. It is 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.
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.
In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in payments regulation in Washington. They discuss:
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The reconciliation’s bill effect on payments
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The stablecoin bills moving through Congress,
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The staffing at the regulatory agencies,
This episode was recorded on July 8, 2025. Please note that developments may have occurred since then.
Additional Resources:
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IPA Summer of Learning Webinar: Modernizing Payments to and From America’s Bank Account
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IPA's Summer of Learning Webinar: Europe's E-Money Licenses Offer Insights into Possibilities for Fintech Charters
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IPA in Sioux Falls
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IPA Compliance Boot Camp – September in Chicago
Stay tuned for future episodes and don’t forget to subscribe!
In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in payments regulation in Washington and beyond. They discuss:
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The stablecoin bills moving through Congress,
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The executive order on phasing out checks for government payments,
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Illinois’s delay of its Interchange law effective date.
This episode was recorded on June 18, 2025. Please note that developments may have occurred since then.
Additional Resources:
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IPA Summer of Learning Webinar Series
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IPA Compliance Boot Camp – September in Chicago
Stay tuned for future episodes and don’t forget to subscribe!
In this special recap episode, Ben Jackson sits down with Kate Lybarger to reflect on their experiences at the recent IPA Conference in Washington, DC. Ben and Kate unpack the key themes, standout moments, and emerging trends that defined the three-day event that was packed with insights from regulators, fintech innovators, authors, and industry leaders.
From the evolving regulatory landscape and financial inclusion to fraud prevention and the future of blockchain and crypto, this episode offers a thoughtful synthesis of the conversations shaping the future of payments and fintech.
Topics Covered Include:
· Synapse and Evolve as case studies in shared accountability between banks and fintechs.
· Why fintechs must “act like grownups” and own their risk management.
· Insights into how the regulatory tide may be shifting—from strict oversight to more open innovation.
· Federal vs. state approaches to regulation and their implications for fintechs and consumers.
· Why AI is a powerful tool (not a magic wand), and where it might go next.
· Realism about crypto’s volatility vs. blockchain’s infrastructure potential.
In this episode, Ben Jackson talks with Kevin McColly, the CEO of Coinstar, which allows consumers to convert coins into other types of currency through its kiosks.
They discuss the role of coins and cash in the U.S. payments system, the future of the penny and why the CEO of a coin counting company favors stopping its production.
Below are links to the announcements of the bills that seek to stop production of the penny.
McClain, Garcia, Lummis, Gillibrand Introduce Bipartisan Bill to End Penny Production
Lee, Merkley Bill Would Save Taxpayers Millions by Ending Penny Production
This podcast was recorded on May 5, 2025. Things may have changed by the time you hear it.
With a new administration in place, the payments industry is bracing for regulatory changes—and now, some early outlines of those changes are coming into focus.
In this episode, IPA’s Ben Jackson speaks with Brian Tate, CEO of the Innovative Payments Association, about what’s happening in Washington and beyond. They discuss:
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The CFPB’s announcement that it may rewrite the open banking rule
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Potential changes to the prepaid rule
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The implications of the CFPB ending its appeal in the PayPal case
This episode was recorded on May 8, 2025. Please note that developments may have occurred since then.
Additional Resources:
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IPA Summer of Learning Webinar Series
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IPA Compliance Boot Camp – September in Chicago
Stay tuned for future episodes and don’t forget to subscribe!
In this episode, Ben Jackon and Brian Tate, the IPA’s CEO, give a preview of the Innovative Payments Conference happening in Washington DC from April 29 through May 1.
They discuss the speakers – including Acting Comptroller of the Currency Rodney Hood and Avy Mallick, the General Counsel of the California Department of Financial Protection & Innovation – and the themes for this year’s show and the knowledge that attendees will gain to help them do their jobs better.
Podcast listeners can get 10% off the price of registration when they use the code “BensFriends10” when they register here: Innovative Payments Conference
This podcast was recorded on April 17, 2025. Things may have changed by the time you hear it.
In this episode Kate Lybarger, the director and head of Payments Innovation at Discover Global Network, discusses why the financial services industry has not hacked financial wellness yet.
We cover what financial wellness means, the role of AI, and why it might make sense to separate advice from products.
This podcast was recorded on March 24th, 2025. Things may have changed by the time you hear it.
To keep up with the rapidly changing payments environment, register for the Innovative Payments Conference in Washington DC from April 29 through May 1.
You will learn about:
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the future of banking as a service,
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the unwinding of the Synapse bankruptcy with former FDIC chair Yelena McWilliams,
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the future of regulation with the acting comptroller of the currency, Rodney Hood, and
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a presentation on scams from the Better Business Bureau.
Listeners can get $25 off the price of registration when they use the code Podcast. Learn more and register at: Innovative Payments Conference.
In this episode, Ben Jackon and Brian Tate, the IPA’s CEO, discuss the patterns beginning to emerge in the new administration’s approach to financial regulation.
They talk about how Congress is offering its suggestions on regulations to the agencies, the possibilities for future legislation, and why now might be the perfect time to open up some old rules for revision.
This podcast was recorded on April 10, 2025. Things may have changed by the time you hear it.
If you want to keep up with the rapidly changing payments environment, make sure that you register for the Innovative Payments Conference in Washington DC from April 29 through May 1.
We will look at the future of regulation from both the federal and state perspectives as we hear from Acting Comptroller of the Currency Rodney Hood and Avy Mallick, the General Counsel of the California Department of Financial Protection & Innovation. We will also have sessions on fraud prevention, bank fintech relationships, and a special session on leadership in chaotic times with Pulitzer Prize winning author Jonathan Eig, author of King: A Life, and Ali: A Life, among others.
Podcast listeners can get $25 off the price of registration when they use the code “Podcast” when they register here: Innovative Payments Conference.
With Washington buzzing amid political intrigue and economic turbulence, it’s easy for critical developments in the payments industry to slip under the radar. Join host Ben Jackson and IPA’s CEO, Brian Tate, as they explore the most pressing issues affecting payments today.
This episode covers the withdrawal of the brokered deposits rule, the latest nominees to head the regulatory agencies, and the Congressional Review Act resolutions moving through Congress.
This episode was recorded on March 20, 2025. Note that things may have changed since then.
To learn more about everything happening in the payments industry register for the Innovative Payments Conference (April 29–May 1, Washington, D.C.). Use the code "Podcast" for $25 off!
If you are not currently a member, make sure to visit our website, IPA.org, to learn more about the benefits of membership.
Even the Ancient Greeks had to navigate business regulations, and the roots of such ideas are discussed in one of philosophy's greatest works—Plato's Republic. Join host Ben Jackson and IPA CEO Brian Tate, as they delve into this classic text and its relevance today. In this episode, the team explores:
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How The Republic can provide foundational ground rules for business conversations.
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The limits of philosophy in the practical world.
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Whether Plato’s allegory of the cave holds insights into modern innovation and management.
This is the first installment in our 2025 Book Club series. Our next book will be The Alignment Problem by Brian Christian, where we dive into the ethical and practical challenges of artificial intelligence.
Special Offer for Podcast Listeners: Make sure to attend the Innovative Payments Conference in Washington, D.C., from April 29–May 1, 2025, to hear from top legislators, regulators, and industry experts. Use the promo code Podcast at checkout to get $25 off your registration fee.
Recorded on March 6, 2025, this episode remains a timeless conversation about enduring ideas that continue to shape our understanding of innovation, ethics, and enterprise.
Links and Contact Info:
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Read along and join the book club! Email Ben at bjackson@ipa.org.
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Conference details: Innovative Payments Conference
When you think of ways to relieve stress, gift cards probably don’t top your list. But new research from Blackhawk Network suggests they might be the unsung heroes of holiday stress management. In this episode, Ben Jackson chats with Sarah Kositzke, Senior Global Insights Manager at Blackhawk, about the company’s 2024 holiday spending study.
Join us as we discuss:
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The continued growth in gift card spending.
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How consumers are turning to AI for their shopping needs.
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The surprising role gift cards play in reducing stress before, during, and after the holiday season.
This episode was recorded on February 28, 2025—so some details may have changed by the time you listen.
Resources:
- Get the Post-Holiday 2024 Research Infographic Now! | BHN
Upcoming Event: Don’t miss the Innovative Payments Conference in Washington, DC, from April 29 – May 1! Learn from legislators, regulators, and industry experts about the forces shaping the payments landscape. Podcast listeners get $25 off registration with code Podcast (make sure to capitalize the first letter).
The new administration is moving fast, and payments regulations are caught up in the changes. Recent leadership nominations, staff reductions, and agency reviews are raising big questions about the future of regulation — especially at the CFPB. Will the Bureau continue its enforcement agenda, scale back, or be restructured entirely?
In this episode, IPA CEO Brian Tate joins Ben Jackson to discuss:
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The nomination of new leadership at the CFPB and OCC and what it signals for financial regulation.
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The ongoing review of the CFPB, potential workforce reductions, and how it might impact enforcement.
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What could happen to existing rules like overdraft and open banking in this changing environment.
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The possibility of other regulators or lawsuits stepping in to enforce CFPB rules.
Recorded on February [DATE], 2025, this episode provides key insights into the shifting regulatory landscape and what payments companies should expect in the months ahead.
Stay Informed with IPA:
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Subscribe to the podcast for real-time updates.
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IPA members: Join our government relations and fraud prevention calls for deeper insights.
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Join us in Washington, DC, from April 29 to May 1 for the Innovative Payments Conference and hear directly from regulators and policymakers. Learn more at IPA.org.
The Trump administration’s efforts to reshape Washington may have major implications for the payments industry. One of the biggest developments? Elon Musk’s team has reportedly gained access to key Treasury payment systems, which could change how federal payments are processed.
In this episode of the IPA Payments Pod, IPA CEO Brian Tate joins Ben Jackson to break down:
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What Musk’s access to federal payment systems could mean for payments innovation and competition.
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The potential role of the newly announced X Money Account in processing government payments.
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Privacy and security concerns related to access to taxpayer and benefits recipients’ data.
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The latest changes at the CFPB and what they could mean for payments regulation.
This podcast was recorded on February 4, 2025. Keep in mind that developments may have occurred since then.
Stay Informed with IPA:
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Subscribe to the podcast and share it with colleagues to stay up to date on critical industry developments.
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IPA members, be sure to attend our regular government relations and fraud prevention calls for the latest updates.
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Join us in Washington, DC, from April 29 to May 1 for the Innovative Payments Conference to hear from regulators, lawmakers, and industry leaders. Learn more and register at IPA.org.
The second Trump administration has kicked off with significant regulatory actions that could impact the payments industry. In this episode, IPA CEO Brian Tate joins Ben Jackson to break down the latest developments and explore what they might mean for financial services.
Key topics include:
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The executive order on regulatory freeze: What it does and doesn’t do.
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The future of crypto regulation and its possible integration into traditional finance.
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Speculations on upcoming changes in oversight, rules, and enforcement.
Recorded on January 22, 2025, this episode provides early insights into the administration’s financial priorities and what they might mean for payments and banking. Things may have changed by the time you hear it.
Resources and Events:
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Learn more about IPA’s weekly and monthly government relations working groups and Financial Crimes Prevention calls by visiting IPA.org.
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Join us at the IPA Annual Conference in Washington, DC, from April 29 to May 1. Explore innovation, regulation, and strategies for navigating the evolving payments landscape. Register here.
Subscribe to this podcast to stay updated on key developments in the payments industry. Don’t forget to leave a review and share it with colleagues!
The Consumer Financial Protection Bureau is starting 2025 with a significant move—a proposed interpretive rule expanding the scope of products regulated under Regulation E. Despite the expectation that CFPB Director Rohit Chopra will be replaced by the next administration, the Bureau continues its active rulemaking and enforcement efforts.
In this episode of the IPA Payments Pod, I’m joined by Brian Tate, the IPA’s CEO, to discuss the implications of this proposed rule for the payments industry. We dive into:
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Key provisions of the rule.
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Its potential longevity amidst a changing administration.
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How it might serve as a foundation for regulatory reform.
This podcast was recorded on January 14, 2025. Things may have changed by the time you hear it.
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Stay tuned as we monitor updates to this proposed rule.
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Don’t miss our upcoming Webinar on January 23, where we’ll discuss strategies for working with older adults who have experienced fraud. Members can register at IPA.org.
Subscribe to the IPA Payments Pod, leave us a review, and share this episode with your colleagues to stay informed on critical regulatory changes shaping the payments industry.
Host: Ben Jackson Guest: Brian Tate, CEO, IPA Recorded: December 19, 2024
Episode Summary: How much influence do CEOs really have in the White House? In this episode, we dive into this question through the lens of Tevi Tory's book, The Power and the Money. Tory explores the relationships between presidents and the heads of business throughout history, shedding light on how business leaders have shaped U.S. policy.
Join Ben Jackson and Brian Tate, IPA’s CEO, as they discuss the key takeaways from the book and what lessons it offers for today’s business leaders. They reflect on the examples presented in the book and share personal insights from their own careers.
This podcast was recorded on December 19, 2024, so please note that some information may have changed since then.
Membership Information: Not a member yet? Discover the benefits of joining the IPA, including access to exclusive events and resources. Visit IPA.org for more details.
The results of the election are set to reshape payments regulation, but the work of the current administration will leave a lasting impact on the industry. In this episode, Ben Jackson, IPA’s COO, sits down with Brian Tate, the IPA’s CEO, to discuss what this period of change means for payments.
From shifts in the congressional banking committees to ongoing legal battles and the finalization of key rules, they explore how today’s developments will shape tomorrow’s landscape. Tune in to gain insights on navigating these changes and staying ahead in the payments industry.
Recorded on December 12, 2024. Note: Developments may have occurred since recording. Learn more about the IPA and the benefits of membership at IPA.org.
Host: Ben Jackson Guest: Ross McFerrin, Vice President of Enterprise Growth, Trustly Recorded: October 24, 2024
Episode Summary: In this episode, Ben Jackson sits down with Ross McFerrin from Trustly to explore the future of digital payments and the rise of "pay-by-bank" options. As cards face potential competition, pay-by-bank may soon enable consumers to make purchases directly from their bank accounts, transforming e-commerce and in-store transactions alike. Ross shares insights on how pay-by-bank works, why it’s advantageous for banks, merchants, and shoppers, and what this shift could mean for the broader payments landscape.
Membership Information: Not a member yet? Discover the benefits of joining the IPA, including access to exclusive events and resources. Visit IPA.org for more details.
In this episode, Ben Jackson sits down with Kate Lybarger, the director and head of payments innovation at Discover Global Network, to discuss how to think about innovation in the context of technological change. Listen in as they discuss how companies can develop meaningful new products as tech tools like artificial intelligence and open banking reshape financial services.
They cover what innovation means in a company, how to separate tech hype from reality, and why the head of innovation sometimes needs to be the head diplomat in a company.
This podcast was recorded on November 6, 29024, things may have changed by the time you hear it.
Membership Information: Not a member yet? Discover the benefits of joining the IPA, including access to exclusive events and resources. Visit IPA.org for more details.
Host: Ben Jackson Guest: Brian Tate, CEO, Innovative Payments Association
Recorded: November 14, 2024
Episode Summary: In this episode, Ben Jackson sits down with Brian Tate, CEO, Innovative Payments Association, to discuss several lawsuits against the Consumer Financial Protection Bureau’s rules.
They cover lawsuits against the Consumer Financial Protection Bureau by PayPal over the Prepaid Accounts Rule, by the Financial Technology Associations Lawsuit over buy now pay later, and by the Bank policy Institute over the open banking rule.
They also discuss how the Congressional Review Act could shape the future of these suits.
This podcast was recorded on November 14, 29024, things may have changed by the time you hear it.
Membership Information: Not a member yet? Discover the benefits of joining the IPA, including access to exclusive events and resources. Visit IPA.org for more details.
In this episode, Brian Tate, the IPA’s CEO, and Ben Jackson, the COO, discuss Burn Book, by Kara Swisher. They cover what the book tells us about the history of the Internet and how technology has shaped our lives. They also discuss whether there are any lessons for the industry and society as we enter a new technological age with the growth of artificial intelligence.
This podcast was recorded October 17, 2024. Things may have changed by the time you hear it.
In this episode. episode, Brian Tate, CEO of the IPA, discusses the latest regulatory proposals from the FDIC, the Consumer Financial Protection Bureau, and the Federal Reserve
He considers how they might change the relationships between fintechs and issuing banks, and how they might change the operations of both kinds of companies. This episode was recorded on September 23, 2024, so keep in mind that things may have changed by the time you hear it.
Important Update: Since the recording of this podcast, the IPA has learned that the SHIELD Act – the bill mentioned in the show pertaining to political donations – has been pulled from the schedule.
For IPA Members: Did you know the Association recently published a compliance guide to help fintechs, banks, and other companies ensure their compliance programs are up to date? You can find it in the members-only section of our website.
Not a Member Yet? Learn more about the benefits of IPA membership at IPA.org.
In this episode, Dr. Angela Murphy, vice president of marketing and solution at Pidgin, discusses the revenue opportunities that instant payments offer financial institutions. She also discusses why banks and credit unions need to develop a payments strategy that reaches across their organizations.
You can find the white paper discussed in the show here: Whitepages (pidgin.net). You can find her YouTube channel here: Payments Elsa Intro (youtube.com) and her Instagram page here: https://www.instagram.com/paymentselsa/ .
This podcast was recorded on August 30, 2024. Things may have changed by the time you hear it.
Apparently, regulators don’t take summer vacations. While August is normally quiet in Washington DC, a slew of proposals have come out that could affect everything about the way the fintechs do business.
In the past month, proposed rules on brokered deposits and earned wage access products could change the way many fintechs do business. In addition, a request for information by the Federal Reserve may foreshadow bigger changes ahead for industry players across the fintech value chain.
In the latest episode of the IPA Payments Pod, Brian Tate, the IPA’s CEO, and Ben Jackson, the COO discuss the various regulatory proposals that have come out in the past month and what they might mean for the industry.
This podcast was recorded on August 26, 2024. Things may have changed by the time you hear it.
Workers may have a harder time getting access to money when they need it, if a new interpretive rule from the Consumer Financial Protection Bureau goes into effect.
The Bureau released an interpretive rule on Thursday that classifies all earned wage access products as credit and therefore subject to certain disclosures and underwriting rules.
I’m Ben Jackson and in this episode, I talk with Brian Tate, the IPA’s CEO, about what the proposed rule and what it might mean for the industry and workers.
This podcast was recorded on July 18, 2024. Things may have changed by the time you hear it.
You can find the text of the interpretive rule here: Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work | Consumer Financial Protection Bureau (consumerfinance.gov)
The second half of 2024 promises to be a wild ride with court cases, bankruptcies, and potential policy changes likely to have wide ranging effects on the industry.
In this episode, Brian Tate, the IPA’s CEO, and Ben Jackson, the IPA’s COO, talk about what has happened so far in 2024 and what is coming up in the second half of the year that will affect the payments industry.
They discuss the Synapse bankruptcy, the Supreme Court’s Chevron decision, the Congressional Review Act, the election, and how all of these things will affect the payments industry.
You can find the IPA’s Blog on the Congressional Review Act at: Blog | Innovative Payments Association - Innovative Payments Association (ipa.org).
This podcast was recorded on July 3, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, the emcees from the 2024 Innovative Payment Conference, Tim Sloane and Lorain Debonis, discuss the recent conference and how the presentations there relate to developments in the payments industry.
We talk about artificial intelligence, embedded finance, banking as a service, and how the industry can prepare for what’s next.
This podcast was recorded on June 17, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, discusses recent developments with the regulatory agencies and why that could lead to a flurry of activity through the rest of the year.
We talk about personnel changes at the regulatory agencies, the long ranging effects of the Supreme Court’s CFPB Decision, and how the industry can prepare for what’s next.
This podcast was recorded on June 13, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, Eli Rosenberg of Baird Holm, and Brian Axel, the managing partner of Axel Law discuss the Supreme Court’s Decision in Consumer Financial Protection Bureau vs. Community Financial Services Association of America. They cover what it means for the future of the Bureau and for regulatory lawsuits.
This podcast was recorded on May 17, 2024. Things may have changed by the time you hear it.
In this episode Ben Jackson, the IPA’s COO, discusses the future of fintech and payments with some of the people who will make it happen. He is joined by Scott Thompson and Garam Mansour, two current students with a strong interest in Fintech, and Laura Gibson, the executive director of the Georgia fintech Academy. They talk about how college students think about payments, the future of Fintech, and why financial literacy is so important for fintech founders as well as fintech users.
This podcast was recorded on April 26, 2024. Things may have changed by the time you hear it.
In this episode John Lowe, CPI Card Group Inc.’s new president and CEO, discusses the future of the company and the future of the way people pay. We talk about the importance of physical payments cards for fintechs and banks, the role of digital cards for a card manufacturer, and CPI’s approach to integrating both.
This podcast was recorded on April 9, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, and Ben Jackson, the COO, discuss regulatory and legislative developments at both the state and federal levels. They cover bills on EWA in Kansas, the department of Treasury’s green book, and a court case involving PayPal and the CFPB.
This podcast was recorded on April 11, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, and Ben Jackson, the COO, discuss Michael Lewis’s most recent book Going Infinite: The Rise and Fall of a New Tycoon, by Michael Lewis. They talk about what happened to the company, the role of Sam Bankman-Fried, and the lessons the industry can learn from the saga.
This podcast was recorded on April 3, 2024. Things may have changed by the time you hear it.
In this episode Kiah Lau Haslett, the banking and fintech editor for Bank Director magazine, discusses her report “Artificial Intelligence, a Real World Approach.”
She covers how banks can include AI in their strategy, what they need to do to prepare, and how they can guard against potential pitfalls.
The opinions expressed on this podcast are those of the speaker and do not represent the official position of any organization unless otherwise stated.
This podcast was recorded on March 14, 2024. Things may have changed by the time you hear it.
You can download the report here: AI Report Digital - Flipbook - Page 1 (paperturn-view.com)
In this episode Dr. Billy Hensley, the president and CEO of the National Endowment for Financial Education, discusses NEFE’s Personal Finance Ecosystem, which is a framework to show the different factors that affect a person’s financial well-being.
You can find the ecosystem here: https://www.nefe.org/ecosystem.
We discuss how the ecosystem can inform the efforts of financial companies, nonprofits, and policymakers who want to improve peoples’ financial situations. We also talk about why financial education alone cannot fix an individual’s financial problems.
This podcast was recorded on February 15, 2024. Things may have changed by the time you hear it.
In this episode Brian Tate, the IPA’s CEO, discusses the regulatory, legislative, and court actions that will shape payments in 2024.
He discusses outstanding proposed rules on overdraft and interchange, proposed state laws on earned wage access, and court cases against the Consumer Financial Protection Bureau.
This podcast was recorded on February 12, 2024. Things may have changed by the time you hear it.
In this episode Sarah Craven, the product manager for transaction laundering detection products at G2 Risk Solutions, discusses how companies selling illegal or unsavory goods hide e-commerce transactions.
We discuss how bad actors use various ruses to disguise what they are really selling, how transaction laundering threats have evolved, and why it pays to trust your gut.
This podcast was recorded on January 18, 2024. Things may have changed by the time you hear it.
When a paycheck arrives can be just as important as its size.
In this episode, we talk with Matt Pierce, the founder and CEO of Immediate, an earned wage access provider. He discusses what led him to found Immediate, how earned wage access contributes to financial health, and how EWA stacks up against payday loans.
This podcast was recorded on January 11, 2024. Things may have changed by the time you hear it.
In this episode of the IPA’s monthly government update podcast, the IPA’s CEO Brian Tate, and its COO, Ben Jackon, discuss the current state of regulation and what is coming in 2024.
They talk about how payments companies should plan in light of the regulatory proposals from 2023 that are still active. They cover on-going court cases that could shape the industry. They also discuss how the election might affect the regulators’ plans for the rest of the year.
This podcast was recorded on January 11, 2024. Things may have changed by the time you hear it.
In this episode of the IPA book club, the IPA’s CEO Brian Tate, and its COO, Ben Jackon, discuss Malcolm Gladwell’s Outliers.
The book explores how being successful can depend on context, and how success is not always just a matter of hard work or having the best idea or strategy. We look at what the factors for success are and what lessons the book has for business innovation.
This podcast was recorded on December 11, 2023. Things may have changed by the time you hear it.
Helping low- and moderate-income people build wealth is a long-term process, and Systems and Methods Inc., or SMI as they are known, has a plan to do that.
In this episode, Bo Stone, the chief strategy officer of SMI, and Wesley Stone, SMI’s director of government affairs discuss the company’s decade to decade approach to growth and how its products are evolving to open up new opportunities for SMI and its customers.
This podcast was recorded on December 12, 2023. Things may have changed by the time you hear it.
Over the past few weeks, regulators have released a variety of regulations that could reshape the payments industry and have plans for more in the new year.
In this episode, Brian Tate, the IPA’s CEO, discusses proposed rules on interchange, open banking, and big tech companies. We also talk about what may be coming in 2024.
This podcast was recorded on December 14, 2023. Things may have changed by the time you hear it.
Gift cards are expected to make up a larger part of holiday shopping budgets, according to new research from Blackhawk Network. In this episode, Jay Jaffin, chief marketing officer at Blackhawk, discusses the expected growth in gift card purchases, why cards benefit merchants and shoppers, and how banks and other companies can make use of the trend.
This podcast was recorded on November 6, 2023. Things may have changed by the time you hear it.
In this episode, Brian Tate, the IPA’s CEO, and COO Ben Jackson discuss the latest proposed regulations that care coming out of Washington. They cover the Fed’s proposal to reduce the cap on debit interchange for issuers with more than $10 billion in assets. They cover the CFPB’s proposed open banking rules, and look at a proposal to regulate earned wage access in California.
This podcast was recorded on November 9, 2023. Things may have changed by the time you hear it.
In this episode, the IPA talks with Heather McElrath, the founder of Sandbox Communications, about corporate giving. We cover when and how companies should give money and other support to charitable causes, what the benefits and drawbacks are, and how companies should communicate about their giving.
You can learn more and contact Sandbox Communications here: https://www.sandboxcomm.com/
This podcast was recorded on November 3, 2023. Things may have changed by the time you hear it.
In this episode, the IPA Book Club returns to discuss Michael Lewis’s MoneyBall. The book describes how the Oakland A’s took a new approach to finding players, building a team, and playing the game of baseball.
We explore what lessons the payments industry can learn from the new approach the team took, and what it takes to challenge conventional wisdom successfully.
This podcast was recorded on October 5, 2023. Things may have changed by the time you hear it.
Do you know what scams people fall for most often? Could you recognize a scam if someone was targeting you?
In this episode, Melissa “Mel” Trumpower the Executive Director of BBB Institute for Marketplace Trust, discusses the findings from the Better Business Bureau’s Scam Tracker research.
She talks about the most common types of scams, how different types of scams target different demographics, and why losing money is not the only risk for people.
You can find links to the research and to the reporting tool at: Find and Report a Scam | Better Business Bureau (bbb.org)
This podcast was recorded on August 3, 2023. Things may have changed by the time you hear it.
In this episode, Brian Tate, The IPA’s CEO, and Chris Stromberg, the director of government relations, discuss both federal and state bills that could shape the payments industry.
They discuss a potential bill on earned wage access, legislation on how banks can work with cannabis businesses, and a bill in California to ban plastic gift cards.
This podcast was recorded on October 12, 2023. Things may have changed by the time you hear it.
Criminals don’t respect borders, so their crimes and the money they make often move internationally.
Whether it is human trafficking, antiquities smuggling, or just plain fraud, when crime crosses boarders, the Department of Homeland Security gets involved.
In this episode, Raul Aguilar, Deputy Assistant Director for the Financial and Fraud division for Homeland Security Investigations describes what his agency does. HIS is the principal investigative arm of the U.S. Department of Homeland Security and is responsible for investigating transnational crimes and threats. It falls under the director of U.S. Immigration and Customs Enforcement and was created in 2003 when U.S. Customs and the Immigration and Naturalization Service merged.
In the podcast, Deputy Assistant Director Aguilar referred to operation Cornerstone. Links to its LinkedIn page and Web page are below:
HSI Cornerstone: Overview | LinkedIn
U.S. Immigration and Customs Enforcement (ICE) - Welcome! (govdelivery.com)
Information on the guide to organized retail crime can be found at these links:
HSI, ACAMS take aim at organized retail crime | ICE
Organized Theft Groups and Organized Retail Crime | ACAMS
This podcast was recorded on October 4, 2023. Things may have changed by the time you hear it.
Arguments over the future of the Consumer Financial Protection Bureau came to a head this week at the Supreme Court.
The Court heard oral arguments in Consumer Financial Protection Bureau V. Community Financial Services Association of America. At issue is whether or not the CPFB’s funding is Constitutional.
The IPA’s CEO Brian Tate was there and heard the arguments live. In this episode he joins the IPA’s government relations director, Chris Stromberg, to talk about the arguments made and what the possible outcomes are.
You can find a transcript of the arguments here: 22-448 (supremecourt.gov).
This podcast was recorded on October 4, 2023. Things may have changed by the time you hear it.
Technology has reshaped everything about banking, including one of its most basic products: deposits.
In this episode, we discuss how Banking as a Service and fintechs have reshaped the landscape for consumer deposits, the regulatory response, and what this means for the risk profile of banks.
Joining us are Kiah Lau Haslett, Banking and Fintech Editor at Bank Director, Alex Johnson, Founder of Fintech Takes, Jason Mikula, Publisher of Fintech Business Weekly, and Brian Tate. President and CEO of the Innovative Payments Association.
This podcast was recorded on September 26, 2023. Things may have changed by the time you hear it.
As summer winds down Earned Wage Access products are in the spotlight at multiple levels of the government.
In this episode, Brian Tate, the IPA’s CEO, and Chris Stromberg, our director of Government Relations, discuss what is happening in the world of EWA regulation at the state and Federal level and how the IPA is trying to inform the conversation. They also talk about the CFPB’s recent report on mobile payments, and the possibility of a government shutdown.
You can find the earned wage access page mentioned in the show here: Home | Earned Wage Access
You can see the IPA’s past advocacy on the topic here: Innovative Payments Association | EWA - Innovative Payments Association (ipa.org)
This podcast was recorded on September 7, 2023. Things may have changed by the time you hear it.
Is business just another form of war?
In this episode the IPA book club returns with a look at the intersection of business and military strategy. We read the ancient classic “The Art of War,” by Sun Tzu, and to put it in a business context, we also discuss the Oliver Stone film “Wall Street.”
In this episode, Brian Tate, the IPA’s CEO, and Ben Jackson, the IPA’s COO discuss both the book and the movie and what they say about modern business.
This podcast was recorded on July 24, 2023. Things may have changed by the time you hear it.
Canada might seem like an easy first step into international expansion for U.S. companies, but they should not fall into the trap of thinking it is the 51st state.
In this episode, Ron Morrow, executive director of Supervision at the Bank of Canada, discusses the regulatory requirements around offering payments services there.
We discuss the role of the Bank of Canada, how regulations are written there, and the upcoming regulatory changes under the Retail Payment Activities Act.
This podcast was recorded on July 25, 2023. Things may have changed by the time you hear it.
Customer service is a critical department in any business because it can make or break both individual relationships and a company’s reputation.
In this episode, Meg Porter, Executive Vice President of Enterprise Transformation at Ubiquity, discusses how to build a successful customer service program. She talks about how to train and manage customer service agents, why companies should consider ditching scripts, and why the customer is not always right.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on July 14, 2023. Things may have changed by the time you hear it.
The last round in the battle between PayPal and the CFPB took place in the DC District Court, and IPA’s Head of Government Relations, Chris Stromberg was there to hear the oral arguments.
In this episode, he discusses the arguments with IPA’s CEO, Brian Tate, and they consider what the possible outcomes could mean for the industry.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on July 13, 2023. Things may have changed by the time you hear it.
Artificial Intelligence has begun reshaping all parts of the business world, and payments is no exception.
To help its members prepare for the changes that are coming, the Innovative Payments Association has asked payments expert Sarah Grotta to write a white paper that gives an overview on AI and what it means for payments companies.
In this episode, we discuss the highlights of the paper and where and how AI in payments might evolve in the near future. We also cover how payments companies can begin to use AI in their own businesses.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on June 27, 2023. Things may have changed by the time you hear it.
In his book Tools and Weapons, Microsoft President Brad Smith, writes about how the growth of technology is changing everyone’s lives for better and worse.
In the latest meeting of the IPA book club, we are joined by Sandi Piatz, the head of market for APS, an IPA member, to discuss the book. She recommended it because it is an exploration of the issues facing the payments industry and society as a whole.
She is joined by IPA’s CEO Brian Tate, and our director of government relations, Chris Stromberg. We discuss the need for collaboration to manage to promise and peril of new technology and how this applies to the payments industry. We also talk about fire horses.
The views expressed in this podcast represent the personal positions of the speakers and are not the official views of any company or the Association.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on June 14, 2023. Things may have changed by the time you hear it.
Fifth Third Bank’s recent acquisition of fintech Rise Money builds on a long history of financial services innovation.
In this episode, Tom Bianco, the general manager of embedded payments at Fifth Third, discusses the Rise acquisition and how it is part of a tradition developing new products and services. We discuss how the bank approaches questions like whether to build, buy, or partner for new products, and how it decides what areas to examine next.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on June 1, 2023. Things may have changed by the time you hear it.
It looks like a busy summer ahead.
In this episode, Brian Tate, the IPA’s CEO, and Chris Stromberg, IPA’s director of government relations, discuss what is happening at the state and federal levels of regulation. They cover a pending bill to ban plastic gift cards in California, a recent issue spotlight on payment apps from the CFPB, and upcoming hearings in the House and Senate with regulators.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on June 9, 2023. Things may have changed by the time you hear it.
Successful innovation in financial services requires a number of elements to come together in just the right way.
Innovators need to combine new technology, market opportunities, and regulatory compliance to create the next generation of successful products.
The keys to making this combination work came out in the IPA’s recent conference. In this episode, Brian Tate, the IPA’s CEO, and Tim Sloane, the moderator of our conference discuss the themes and clues for success that the conference speakers revealed.
They discuss the growth of AI, the threat of financial crimes, and regulatory trends.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on May 25, 2023. Things may have changed by the time you hear it.
The growth of Fintech has led banks to examine opportunities in acting as a sponsor bank and offer Banking as a Service.
This offers opportunities for innovative banks, but success is not guaranteed.
In this episode, Michael Haney, the head of product strategy at Galileo, discusses the tools needed to be successful in Banking as a Service (BaaS). We cover how to identify opportunities, what banks need to have in place to launch a program, and how to manage the business.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on May 18, 2023. Things may have changed by the time you hear it.
Can a book written in the 1500s teach us anything about the modern payments industry?
That is the question the IPA team is tackling with our latest book club reading, “The Prince” by Nicolo Machiavelli. Originally written as a guide to power for political leaders battling over city states in renaissance Italy, the book has been on the reading lists of politicians, business leaders, and academics over the past 500 years.
In this episode, Brian Tate, the IPA’s CEO, and Chris Stromberg, the director of government relations, look at the book through a modern lens and see what lessons it might have to offer to anyone looking to wield power today. They also examine whether or not political and business principles intersect.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on May 3, 2023. Things may have changed by the time you hear it.
Buying new technology can be a real adventure for banks that want to keep up with the times, so the real question is how to avoid the pitfalls that can come when investing in fintech.
In this episode, Kiah Haslett, the managing editor of Bank Director Magazine and Laura Alix, the magazine’s director of research, discuss their new report “Finding Fintechs” and how it can help banks choose their own adventure when it comes to buying Fintech. Their definition of “Fintech” is a little broader than the common parlance. They talk about the strategic and practical considerations for adding new technology, and why the short-term bottom line may not be the best investment criteria.
You can find the report here: Finding Fintechs: A Choose Your Own Adventure Guide | Bank Director
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on April 11, 2023. Things may have changed by the time you hear it.
The recent failures of Silicon Valley Bank and Signature Bank may not be the biggest news in financial services.
In this episode, the IPA’s CEO, Brian Tate, and Chris Stromberg, the IPA’s director of government relations, talk about current events that could shape the future of the payments industry. They get into the Supreme Court case on the CFPB’s funding, what is happening on Capitol Hill, and the CFPB’s announcement on UDAAP.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on April 13, 2023. Things may have changed by the time you hear it.
The Second Installment of the IPA Book Club delves into the realm of Bitcoin, blockchains, and all things crypto with The Age of Cryptocurrency by Paul Vigna and Michael J. Casey.
In this episode, the IPA’s CEO, Brian Tate, and Ben Jackson, the IPA’s COO, discuss their thoughts on the book. They cover what they think the book got right, where it went in the wrong direction, and what the book can tell us about where the payments industry is headed.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible. This podcast was recorded on April 5, 2023. Things may have changed by the time you hear it.
Payroll information is used for all kinds of financial decisions, but individual workers and employers often need to jump through hoops to share it.
In this episode, Jordan Wright, Atomic’s CEO and co-founder, describes how the company is working to solve the problems that employers and employees face when trying to share payroll data.
We discuss how the availability of that data can enable lenders, insurers, and even employers to offer a better experience and broader set of financial products for workers than they can without it.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on March 9, 2023. Things may have changed by the time you hear it.
While questions have been raised about its future, the Consumer Financial Protection Bureau still remains at the center of payments regulation in Washington.
In this episode, Brian Tate, the IPA’s CEO, and Chris Stromberg, IPA’s director of government relations discuss everything that has been happening with the Bureau.
They discuss the Bureau’s recent announcements, Congressional inquires to the Bureau, and the pending Supreme Court cases.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on March 9, 2023. Things may have changed by the time you hear it.
How can start-ups create effective compliance programs with limited resources?
This is a question many founders struggle with, and the key to is success is recognizing when they need help.
In this episode Jamie Uppenberg, the founder of Uppenberg Associates, discusses how fintechs can build an effective compliance program that grows with the company.
We talk about how compliance is more than just a good set of documents, how fintechs and banks should communicate, and what banks should look for in their partners.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on February 23, 2023. Things may have changed by the time you hear it.
Did the financial crisis leave us with any lessons that apply to a rapidly evolving payments industry?
To dig into this question, the IPA staff recently read and had a discussion on Michael Lewis’s book, The Big Short. The IPA’s CEO, Brian Tate, and Chris Stromberg, our director of government relations joined Ben Jackson to discuss the book and what it can tell us about our current situation.
This podcast is the inaugural episode for the IPA book club. Over the coming year we plan to read a number of books that address the theme of innovation inside the financial services industry and beyond. We invite our listeners to read along and let us know what you think. If you have a particularly strong opinion on one of our selections, we’d be happy to include you in an episode.
Our March book will be The Age of Cryptocurrency, by Paul Vigna and Michael J. Casey.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on February 15, 2023. Things may have changed by the time you hear it.
Activity in all three branches of government could lead to changes in payments.
From congressional hearings to court cases to the State of the Union, payments is getting its fair share of attention from the federal government. In this episode, the IPA’s CEO, Brian Tate, and Chris Stromberg, our director of government relations, discuss how these things are shaping the operating ecosystem for payments companies.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on February 9, 2023. Things may have changed by the time you hear it.
Buy Now, Pay Later products have emerged as a new financing tools for shoppers and merchants, and now Galileo wants to help banks make use of this new type of payment.
People who run into an unexpected or emergency expense may need an option for short-term financing. Galileo’s new tool gives bank another way to offer these funds to their customers. In this episode, Dave Feuer, Galileo’s chief product officer, talks about how the product can help customers make ends meet, and make banks more competitive.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on February 2, 2023. Things may have changed by the time you hear it.
When Pathward bank decided to rebrand, the changes meant a lot more than just new a new logo.
In this episode, Pathward’s President Anthony Sharett, explains how the name change included structural changes at the bank and a refocused strategy.
He also discusses the company’s financial inclusion mission, the trends it sees in payments innovation, and how it chooses partners.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on February 13, 2023. Things may have changed by the time you hear it.
While the future of payments will undoubtedly include blockchains, cryptocurrencies, and stablecoins, what will that mean for the industry?
To start answering this question, the Innovative Payments Association recently held its “Crypto Universe from A to Z event at the offices of Davis, Wright, Tremaine, in Washington DC. In this episode, we discuss the themes and ideas that emerged during the day with Tim Sloane, the moderator of the sessions.
The IPA thanks Davis, Wright, Tremaine for hosting the event.
We also thank our member sponsor, Netspend, for helping to make this podcast possible.
This podcast was recorded on January 23, 2023. Things may have changed by the time you hear it.
The past year has been a busy one in financial regulation. Crypto crashes, court cases, and Congressional clashes will all have effects that will have effects into 2023 and beyond.
In this episode, Brian Tate, the IPA’s CEO, and Chris Stromberg, our director of government relations, discuss the past year’s events with an eye to how they will shape the future of regulation and the payments industry. The industry could see major changes to way it is regulated, so now is the time to make sure that your compliance team is on the ball.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on December 19, 2022. Things may have changed by the time you hear it.
ExpanseFT is a new name in fintech that is backed by experience.
The company, which is over 10 years old, announced in October that it had changed its name from Prepaid Ventures. In this episode, we talk with Andrew Siden, the chief executive officer of ExpanseFT, about the company’s creation, its growth, and how the name change is rebranding it for the future.
In the interview, we also discuss how to incorporate innovation into products and what entrepreneurs need to keep in mind to be successful. We also discuss the importance of timing and luck.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on November 16, 2022. Things may have changed by the time you hear it.
Innovative fields often struggle to find qualified staff, and the payments industry faces this problem every day.
The University of Georgia has created a program across its system to prepare students to solve problems in Fintech. In this episode, we present an edited version of a presentation done by Art Recesso, Vice Chancellor for Academic Innovation at University System of Georgia. He covers how the system is working with the industry to understand its needs and create a pipeline of new talent.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on November 16, 2022. Things may have changed by the time you hear it.
The results of the 2022 midterm elections held a number of surprises, and political analysts are still trying to figure out what they all mean.
In this episode, the IPA’s CEO, Brian Tate, and Chris Stromberg, our director of government relations, look at the midterms through a payments regulation lens. They discuss what a divided government will mean for payments legislation and regulation, and how it might relate to court cases against the CFPB.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on November 17, 2022. Things may have changed by the time you hear it.
Financial crime has gotten more complex over time, and to keep up with the criminals, law enforcement and the industry need to work together.
In this episode, you will hear a conversation with Special Agent Charles Orgbon of the FBI’s Atlanta Field office on how the Bureau is forming partnerships with the payments industry. We discuss how the FBI has worked with companies in the past and best practices for working with the FBI.
The interview came at the conclusion of a day-long session with FBI experts and the Atlanta payments community. The IPA wants to thank InComm Payments for hosting us. We plan to hold future meetings with local field offices in other cities.
Links mentioned in this episode include:
The FBI’s site: Welcome to fbi.gov — FBI
Domestic Security Alliance Council: Welcome to Domestic Security Alliance Council - DSAC — DSAC
Internet Crimes Complaint Center: Internet Crime Complaint Center(IC3) | Home Page
InfraGard: Home (infragard.org)
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on November 10, 2022. Things may have changed by the time you hear it.
Build, buy, or partner are the three paths to innovation for most banks, and Truist is planning to use a combination of all three to take it into the future.
The bank had been looking at a partnership with the fintech Long Game, which created an app that uses mobile games to help people save money while learning about personal finance. That conversation grew into an acquisition that has increased Truist’s ability to build new financial services.
In this episode, Lindsay Holden, the founder of Long Game, and Christina Russ, the head of strategi investment initiatives for Truist Ventures, discuss how the deal came about, how it will increase Truist’s innovation capacities going forward, and what other fintechs and banks can learn from the deal.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on October 20, 2022. Things may have changed by the time you hear it.
With the midterms approaching, Congress is not paying much attention to legislation on financial services, but the regulators’ focus on the industry has not waivered.
In this episode, the IPA’s government relations team, Brian Tate, the association’s CEO, and Chris Stromberg, the director of government relations, discuss recent actions by the regulators, including debit card transaction routing rules and the latest activity at the Consumer Financial Protection Bureau. They also cover what the midterm elections might mean for the future of financial services regulation.
The IPA thanks our member sponsor, Netspend, for helping to make this show possible.
This podcast was recorded on October 13, 2022. Things may have changed by the time you hear it.
Good marketing seems like it would be a crucial part of any business plan, but even the best marketing plans in the world come with risks.
In this episode, we present a lightly edited version of the audio from our Oct. 4 webinar, The Dangers of Good Marketing with Adwait Joshi, the founder and Chief Seer at DataSeers, an AI software provider for banks and fintechs.
He discusses the risks of good marketing, including the business risks of attracting the wrong kinds of customers and the security risks of drawing the attention of fraudsters. He also talks about how to implement solutions.
We want to thank our member sponsor NetSpend for supporting the show.
Directing dollars into specific spending channels can benefit consumers, program managers, and payments companies.
FIS has been providing filters for government programs for some time, and it is now expanding the technology so that it can be used for other applications. The company plans to offer filtered cards that run on open networks for private businesses to use for things like incentives and budgeting.
In this episode, we talk with Deirdre Ives, general manager of prepaid at FIS, about how filtering works, how it has been used, and where it might go in the future.
Payments don’t happen in a vacuum. Understanding the context around transactions can mitigate the risk of fraud.
In this episode, the IPA presents the edited audio portion of a Webinar that we held with Deep Labs' Vice President and payments industry veteran Tia Ilori.
She described how Deep Labs uses people, processes, and technologies to identify suspicious behavior that may otherwise transact undetected.
We discussed how the events of the past few years have changed the patterns of people’s behavior and how to keep up with the changing times. The ability to keep up with cardholder behavior can determine whether or not a company’s card is at the top of the cardholder’s wallet when it comes time to make a big purchase. It can also determine whether or not a portfolio will be safe from criminal looking to use chaos as an opportunity to circumvent defenses.
August is supposed to be a quiet month in Washington DC, but this year, it was just the prelude to what promises to be a busy autumn.
In this episode, the IPA’s CEO Brian Tate, and Chris Stromberg, IPA’s head of government relations, talk about where things stand today and what will shape the payments ecosystem in the months to come.
They talk about the philosophical approaches the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are taking towards fintechs, the midterm elections, and ongoing lawsuits that may shape the industry.
The IPA would like to thank its member sponsor Netspend for its support of this podcast.
If you want to keep up with what all of this means for your compliance obligations, then join the IPA on September 29 in Chicago for our 2022 Compliance boot Camp. Learn more and register today at: 2022 Compliance Boot Camp (ipa.org).
To attend the IPA’s reception at Money 2020, register at: Money 20/20 2022 Event | Money 2020 RSVP Blank (stinsonnews.com)
August is a quiet month for the government, so it is a good time to take a look at the regulatory big picture.
A lot is happening in Washington, and in this episode, the IPA’s CEO Brian Tate, and Brian Axell, of Axell discuss some of the forces that will shape the industry.
They talk about a potential bill that would change the way credit card transactions are routed, data privacy and cryptocurrency bills, and what the FDIC rules on advertising mean for fintechs. They also talk about why the CFPB may step up its use of guidance and enforcement instead of traditional rule making.
If you want to keep up with what all of this means for your compliance obligations, then join the IPA on September 29 in Chicago for our 2022 Compliance boot Camp. Learn more and register today at: 2022 Compliance Boot Camp (ipa.org).
It’s a busy summer in Washington DC, and the payments industry is getting its fair share of attention. In our latest episode, we talk about the attention that the industry is getting from all three branches of the government. Whether its regulatory scrutiny, new legislation, or lawsuits, payments companies have a lot to pay attention to. In this episode, the IPA’s CEO, Brian Tate, and Chris Stromberg, our director of government relations, bring some order to the chaos.
The COVID pandemic changed everyone’s lives, so it is no surprise that it changed how people paid for goods and services. In this episode, we delve into what those changes were and how long they will last with Claire Green, payments risk expert at the Federal Reserve Bank of Atlanta, and Joanna Stavins, senior economist and policy advisor at the Federal Reserve Bank of Boston.
We discuss how the use of payment types shifted across different demographics and why we can’t use our own behavior as guide to the bigger picture.
Below is a list of recent research on consumer behavior that is worth reading whether you are designing financial products or just want to see how you compare with the rest of the country.
Survey of Household Economics and Decisionmaking
2021, released May 23, 2021
https://www.federalreserve.gov/consumerscommunities/shed.htm
Cash Product Office, FRB San Francisco
2022 Findings from the Diary of Consumer Payment Choice
2021, released May 5, 2021
https://www.frbsf.org/cash/publications/fed-notes/2022/may/2022-findings-from-the-diary-of-consumer-payment-choice/
Payments Evolution from Paper to Electronic Payments by Merchant Type
By Ruth Cohen, Oz Shy, and Joanna Stavins
https://www.bostonfed.org/publications/research-department-working-paper/2022/payments-evolution-from-paper-to-electronic-payments-by-merchant-type.aspx
posted May 2021
Has Covid changed consumer payment behavior?
By Claire Greene, Ellen Merry, and Joanna Stavins
https://www.bostonfed.org/publications/research-department-working-paper/2021/has-covid-changed-consumer-payment-behavior.aspx
All consumer survey data and reports available for download at Atlantafed.org (includes questionnaires and data codebooks)
https://www.atlantafed.org/banking-and-payments/consumer-payments.aspx
With all the news that comes out of Washington DC, it is easy to see why payments-related items might not be at the top of everyone’s minds. Nonetheless, a number of recent proposals, hearings, and releases show that the industry needs to be paying attention to what is going on beyond the headlines.
In this episode we take a deep dive into some of these items with Brian Tate, the CEO of the Innovation Payments Association, and Brian Axell, of Axell Law, who has worked on compliance with Fintechs, issuing banks, and a variety of companies across the value chain.
We look at the Consumer Financial Protection Bureau’s recent Request for Information on Fees, and their assertion of power to regulate Fintechs. We get into the Biden Administrations proposal on tax reporting for Earn Wage Access, and we even dip our toes back into the Interchange waters.
To read Brian Axell’s blog on the EWA tax proposal, visit: Axell Law LLC | Biden Budget Plan Would Impose Earned Wage Access Tax Withholding Mandates on Employers
Starting to save for college early pays off down the road, so the City of San Francisco’s Office of Financial Empowerment has created the Kindergarten to College program.
The program opens a savings account for every student in the city school district. Now, the program has published an RFP to evaluate possible financial services partners to hold the accounts.
In this episode, we talk with Nicole Agbayani, the director of the Office of Financial Empowerment, and Mohan Kanungo, the program manager of Kindergarten to College. We cover what the program does, how it works, and what the city is looking for in a financial services partner.
For more details on how to bid on the business, including a presentation and informational video, visit: Request for Proposals | Treasurer & Tax Collector (sftreasurer.org)
If you want to keep up with the changes in the payments industry, then make plans to join us in Washington DC for the Innovative Payments Conference from April 12-14. See the agenda and register here: IPC 2022 - Innovative Payments Association (ipa.org).
On any given day there are multiple forces shaping the payments industry. In this episode, the IPA’s government relations team takes a look at the latest developments in cryptocurrencies, interchange, and at the Federal Reserve. First, the Biden Administration has launched a whole of government effort to look at the role of cryptocurrencies in the United States with an executive order.
Second, a lawsuit by retailers to lower interchange was dismissed by the courts.
Finally, the nomination of Sarah Bloom Raskin to the Federal Reserve was publicly opposed by Senator Joe Manchin of West Virginia.
We delve into the details of these three events and what they might mean for the payments industry as a whole.
If you want to keep up with the changes in the payments industry, then make plans to join us in Washington DC for the Innovative Payments Conference from April 12-14. See the agenda and register here: IPC 2022 - Innovative Payments Association (ipa.org).
When people think about H. & R. Block, they tend to think taxes before Fintech, but that may change with the launch of Spruce, Block’s new mobile banking product. In this episode, John Thompson, H. & R. Block’s vice president of financial services, discusses how the development of Spruce led H. & R. Block to think in new ways about product development. He shares lessons learned about how a company can integrate innovation with its core business, and he talks about how the opportunity to work on Spruce affected his own career path. You can learn more about Spruce at: Mobile Banking for People Who Want to Be Good with Money | Spruce (sprucemoney.com)
PayPal’s lawsuit against the Consumer Financial Protection Bureau entered a new phase on As a reminder, the CFPB is appealing Judge Richard Leon’s opinion in PayPal v. CFPB issued on December 31, 2020. Please note that in its Opening Brief filed in August, the CFPB makes it clear that the “sole question presented by the decision below (in U.S. District Court by Judge Richard Leon) is whether the Bureau has statutory authority to adopt the short-form disclosure requirements.”
In this episode, we talk with Brian Tate, the IPA’s CEO, and Chris Stromberg, our head of government relations, about the possible outcomes for the case and what the suit might mean in the context of some of the Bureau’s other recent actions.
Once you are done listening, you can find the recording of the oral arguments in the case here: https://www.cadc.uscourts.gov/recordings/recordings2021.nsf/B648C0D7905E3B97852587E50059E02D/$file/21-5057.mp3
London-based B4B Payments embarked on its US expansion at the beginning of 2020. While the pandemic was a bump in the road, nevertheless the company has continued to build out its presence. In this episode, we talk with Paul Swinton, B4B’s global CEO, and Kieran Draper, its head of North America, about why the opportunities they see in the United States, and how they can help their American cousins serve large global clients.
We talk about the business-to-business market, the future of fintech, and how the U.S. market differs from other places in the world.
Changes are coming in the leadership of the financial regulatory agencies. The Consumer Financial Protection Bureau got a new director last year. The chair of the Federal Deposit Insurance Corp. has announced she is resigning, and the Office of the Comptroller of the Currency still only has an acting director. As the openings are filled, the regulatory climate will change for the financial services industry. In this episode Brian Tate, the IPA’s CEO, and Chris Stromberg, the head of government relations, talk about what all these changes might mean and how some of the recent actions by the agencies provide clues as to their priorities.
The past year has been a busy one when it comes to payments regulation. Everything from disclosures to transaction routing has come to the attention of regulators and Congress. There is more to come in 2022.
In this episode, Brian Tate, the IPA’s CEO, discusses the impact of some of the biggest stories from the past year and what they might mean for 2022. We cover the PayPal Lawsuit, earned wage access and buy-now-pay-later products, the fight between the FDIC and the CFPB, and much more.
Nearly everything in a physical wallet can be put into a digital wallet. For a long time, the one exception was your driver’s license, but that may soon change.
Apple has struck deals with a number of states to put licenses into iPhones. In this episode, Jason Mikula, the publisher of Fintech Business Weekly, talks about what he found when he reviewed the deals and how they look nearly identical from state to state and give Apple much of the control over the programs. The company has said on its iOS 15 Web site that it will launch a driver’s license or ID feature in 2022.
We discuss the pros and cons of digital driver’s licenses and of private companies getting into what was once purely a government domain.
You can find Jason on Twitter at @mikulaja and subscribe to his newsletter at: Fintech Business Weekly | Jason Mikula | Substack.
One challenge of banking with a digital-only bank is making cash deposits. With no branches, it can be tough on a consumer who wants to make cash available for digital spending.
Visa has been doing this for years for prepaid card holders by allowing them to make cash deposits at retailers and ATMs through its ReadyLink Network. Now, the company has expanded that access to debit programs, providing an opportunity for neobanks, other fintechs, and even traditional financial institutions potentially to offer deposit capabilities at a broad range of locations.
In this episode, Lauren Fulmer, the director of U.S. Prepaid Product at Visa, talks about how the network works and what the future might hold now that it has expanded beyond prepaid cards.
The Consumer Financial Protection Bureau has a new director, and the Biden Administration has nominated a new Comptroller of the Currency. These two agencies regulate large swaths of financial services. With the appointments, the industry likely will see a change in both the kinds of regulations that will be promulgated and the tone of interactions with the regulators.
In this episode, we talk with Brian Tate, the CEO of the Innovative Payments Association, about what these changes might mean and how the industry can prepare.
The Consumer Financial Protection Bureau has a new director, and the Biden Administration has nominated a new Comptroller of the Currency. These two agencies regulate large swaths of financial services. With the appointments, the industry likely will see a change in both the kinds of regulations that will be promulgated and the tone of interactions with the regulators.
In this episode, we talk with Brian Tate, the CEO of the Innovative Payments Association, about what these changes might mean and how the industry can prepare.
"Cyrpto" is a term applied to a broad range of products and services from digital currencies, to blockchains, to new forms of contracts and art called Non-Fungible Tokens, or NFTs. In this episode we talk with long time crypto-journalist Bailey Reutzel about how all of these things work and where they fit into the world of payments.
We talk about the history of bitcoin and whether or not it will ever become a true currency. We cover whether or not blockchains are as useful as they seem, and we look at what NFTs are and how they can be used.
The way companies pay workers has fallen out of step with their financial needs, and Comdata is looking to fix that with its Fintwist Payroll product.
In this episode, we talk with Brian Radin, the president of Comdata’s prepaid business about how the company has adapted its payroll business to meet the changes brought on by long-term trends and the acute problems that some companies are facing in the wake of the COVID19 Pandemic.
Recognizing the companies are having a hard time recruiting and retaining, Comdata wanted to provide them with a product that would appeal to employees having a tough time managing their finances. By offering earned wage access and financial information in conjunction with a no fee account, they hope to make payroll a way for the companies to stand out in recruitment.
To learn more about Fintwist, visit its Web site at Fintwist - Superior Workforce Payment Solutions (fintwistsolutions.com)
Summer may be winding down, but with the return of Congress, the regulatory season will soon be in full swing. With agency heads to be appointed and confirms, lawsuits making their way through the courts, and talk of reopening regulations like those created for the Durbin Amendment, things will get busy in Washington and beyond.
In this episode, the IPA’s CEO Brian Tate breaks down some of the currents that will drive all of this activity.
To learn more and to keep up with the trends driving payments regulation, visit our Web site: Innovative Payments Association
Hackers, regulators, and customers can all turn gathering data into a liability for financial services companies. The risks grow with the volume, variety, and velocity of data – all of which are increasing in our digitized society.
The big challenge with all this data is how can it help businesses solve problems? Adwait Joshi founded DataSeers to build tools to answer this question for banks and Fintechs. In this episode, we discuss the promise and peril of data and how the flows of data will affect the future of regulation and the industry itself in the years to come.
To learn more about DataSeers, you can visit their Web site at: An AI Solution for Banking and Payments - FinanSeer® (dataseers.ai).
In the brave new world financial services, there are opportunities for both innovative companies and traditional banks, but they need to understand one another if they want to thrive, says Joyce Mehlman, the founder of iLex Consulting Group.
Fintechs need to understand the difference and relative value of Banking as a Service versus a direct issuer model of working with banks. Traditional banks need to understand where Fintechs offer more in terms opportunities than competition, she says.
We also discussed how the latest group of Fintechs and their founders are different in that they are more focused on building a business long-term than they are in building up a company that can be sold.
Banks and Fintechs may need to re-evaluate their relationships depending on what advice the regulators decide to give them. Looking to keep up with the times, on July 13 the federal bank regulatory agencies (FDIC, Federal Reserve, and OCC) requested public comment on proposed guidance designed to help banking organizations manage risks associated with third-party relationships such as Fintechs.
In this episode, we talk with Brian Tate, the IPA’s CEO, Grant Hannah, the government relations director, and Eli Rosenberg from Baird Holm, about what the changes might mean, how the industry can respond, and where this fits into the big picture of regulation.
You can find the proposed guidance here.
When we think of consumer financial data, the first thing that comes to mind is usually banking data, but that is an incomplete picture.
This was borne out in a recent executive order, in which the Biden Administration encouraged the Consumer Financial Protection Bureau (CFPB) to issue rules allowing customers to download their banking data and take it with them.
Increasingly portability of banking data can help consumers, but a more robust picture can be painted by making sure consumers have easy access to their own payroll data as well, says Lindsay, Davis, the head of markets for Atomic Financial.
In this episode, we discuss the importance of payroll data and how better access to it can improve the lives of consumers and make things easier for businesses and financial services companies.
You can find the fact sheet on the executive order here. The full text of the order can be found here.
You can learn more about Atomic here.
Capitol Hill has been taking an active interest in the payments industry. Overdraft, buy now pay later products, and even a possible computer chip shortage have all drawn lawmakers’ attention.
On top of all that, the Durbin Amendment has resurfaced as a topic of conversation, and there are rumors that it may be extended to other types of payments.
We cover all of this and more with the IPA’s CEO, Brian Tate, and our Government Relations Director, Grant Hannah.
To learn more about the forces shaping the payments industry, we encourage our listeners to join the IPA for its Summer of Learning Webinar series, where we talk with regulators, industry leaders, and analysts about what they see coming in the world of payments innovation. Learn more and register at www.ipa.org.
The pandemic created problems for individuals, governments, and businesses, but as the old saying goes, every problem brings new opportunities.
For Blackhawk Network, that opportunity began when it channeled its payments expertise into helping distribute relief money for governments and nonprofits. It used both closed-loop and open-loop prepaid cards as a way to deliver aid. The plastic and virtual cards were used to replace checks so that people could get access to funds quickly and inexpensively.
As the pandemic begins to subside, Blackhawk plans to continue working to deliver funds to vulnerable populations. The company has created a new vertical that it calls Payments for Good to work with governments and nonprofits who need new ways to disburse money.
In this episode, we talk with Tyler Gentry, the director of Payments for Good, about the work that led to its creation and the company’s future plans.
Keeping up with financial regulations can be a tough job for anyone.
The Innovative Payments Association is here to help our members – and the payments industry at large – keep track of laws and rules that could affect their businesses. We also give a voice to the industry, so they can talk to regulators and legislators to help foster an environment where companies can continue to innovate and grow as they help individuals and businesses meet their financial goals.
In this episode, Brian Tate, the IPA’s chief executive officer, and Grant Hannah, the director of government relations, talk about potential legislation and regulation at both the state and federal level, and we discuss lawsuits that will affect the industry.
Members wanting to learn more, should plan to join our weekly and monthly government relations calls. We also welcome direct questions from our members. Nonmembers can visit www.ipa.org to learn how to join.
As the fintech industry continue to innovate, one of the big questions is where does it go from here?
The future direction of the industry may be best represented by a company that has gone through its evolution. Green Dot is one of the original Fintechs. It started with prepaid cards sold mostly through retail and has since evolved into a leader in the digital bank space.
In this episode, we talk with Greg Quarles, president of Green Dot Bank about how the company has evolved to work with tech partners like Apple, Google, and Uber. We also discuss the advantages of having a bank charter, and why other fintechs will need to consider adding products like lending if they want to thrive in the long run.
Over the last 18 months, the dramatic changes in the ways that people live, work, and pay have meant that fraud prevention rules that were once very effective have lost some of their power.
In this episode, we talk with Brian Grech, vice president of sales and marketing for Deep Labs, which uses persona-based artificial intelligence to predict behavior and prevent fraud. We cover how the pandemic created new risks that were not covered by old models, so what once looked like fraud could be a legitimate transaction, and what once looked legitimate could be fraud.
We also talk about what artificial intelligence is and how it can help companies adapt to rapidly changing environments.
The regulatory environment for payments has become very active over the past few weeks, with proposed rules, congressional hearings, and even lawsuits. In this episode of the IPA Payments Pod, our CEO, Brian Tate, and our Government Relations Director, Grant Hannah, help to make sense of everything.
There are proposed rules on transaction routing and advertising FDIC insurance. There is a lawsuit over interchange fees. And a major fintech was sanctioned in two states for its advertising. This is all just the tip of the iceberg
To stay in the know, subscribe to this podcast and make sure to attend the IPA-member government relations calls. If you are not a member, visit www.ipa.org to learn how to join.
Ask anyone who the core audience is for digital banks, the answer will be “millennials,” “young people,” or some variation on that theme – basically “the kids!”
A study by MetaBank reveals that conventional wisdom is only partially right. The digital banking audience includes several groups of people, and there are opportunities for both traditional banks and the new generation of challenger banks.
In the latest episode of the IPA Payments Pod, we talk about the findings of the study with Whitney Woyke, senior vice president of partner engagement with MetaBank. We cover the main findings of the study, what they mean for banks looking for customers, and how the pandemic has shaped customer behavior.
Listeners can find the full study here: The Digital Migration: Growing Share of Banking ebook2 - Meta Payments
Whitney also moderated a panel about the future of banking as a service at the IPA’s virtual Innovative Payments conference on April 12. Whitney also moderated a panel about the future of Banking as a service at the IPA’s virtual Innovative Payments conference on April 12. The panel included Alex Kostecki, co-founder and COO of Clair, Kelly Knutson, president of Netspend, Patrick Williams, vice president of emerging payment solutions and debit processing sales for Visa, and Jenny Johnston, head of bank partnerships for Modern Treasury. If you would like to purchase access to the full recording of the session, contact us at info@ipa.org.
As online shopping and remote payments grew over the past year, so did the number of customer disputes over payments. While many of the disputes were legitimate, some were fraudulent – either by people attempting to get out of paying for something they bought or by organized rings of criminals attempting to hack a company through social engineering.
In this episode, we talk about these problems and how payments companies can manage them with Corey Besaw, the banking operations president for Ubiquity.
He talks about best practices for handling disputes including:
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Prioritizing dispute cases,
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Setting investigation thresholds,
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Working with third parties such as ATM operators and merchants.
He brings together the experiences of many of their customers and talks about some of the common pitfalls and practices that have worked to avoid them. He also gets into considerations around using tools like artificial intelligence.
As people’s lives become more digital and they add more connected devices to their lives, their risks for identity theft, fraud, and other cyber-crime grows.
The average person is often unaware of, or unprepared to, manage all of these risks. To help address this issue, Consumer Reports, a nonprofit focused on consumer protection and education, has created the Security Planner. The site helps individuals create a personal plan for protecting themselves and their devices by asking them a series of questions and presenting them with a checklist of steps to take.
In this episode, we speak with Yael Grauer, the lead content creator for the planner, about how it was created, who it is designed to help, and how it works. We also talk about some of the best practices that people can follow while navigating cyberspace.
The planner is a free resource, and one that companies can share with their customers if they want to provide resources on protecting against fraud.
When the COIVD19 pandemic forced businesses to operate virtually, bank examinations moved into cyberspace.
This change likely will last beyond the pandemic, so bankers need to figure out how to be effective in this new environment. For institutions involved in non-traditional businesses like prepaid issuing, the problems of effectively conveying information and answering questions from examiners can be more complicated if they need to explain a new type of business.
IPA member Bancorp has successfully navigated virtual exams, and in this episode, we talk with Mandi Lermond, the director and chief of staff, and Mike Althouse, the chief compliance officer about the lessons they have learned, and the best practices they have uncovered. For them, the most important exam question, both internally and externally has been “how goes it?” Find out why.
They have also written an article for the ABA Compliance Journal that explores these topics in more detail. You can find that article here: Navigating Virtual Examinations | ABA Banking Journal
When the U.S. government decided to provide funds to struggling Americans in the pandemic, it needed a way to move a lot of money to a lot of people quickly. While direct deposit information from tax returns helped, some people who most needed assistance weren’t in the system.
So, the Department of Treasury used a combination of paper checks and prepaid cards from a program it calls the U.S. Debit Card. That program was part of an existing contract that allowed the government to use prepaid cards for disbursements.
IPA members Fiserv and Metabank are instrumental in that program, and in this episode, we talk with Kim Ford, Senior Vice President for Government Relations at Fiserv about how the cards work and how they came to be used for stimulus funds.
PayActiv Works to Get Money to Workers When They Need It
The payroll process needs to catch up to the rest of the payments world by becoming real time, according to Safwan Shah, the founder and CEO of Payactiv.
The company wants to help workers get money as they need it by providing access to wages they have earned sooner than a traditional two-week or monthly pay cycle would allow. The company does this by working with employers to track how much employees earn and offer the ability to get a percentage of those wages on as needed basis.
In this episode we cover how the process works, and how earned wage access is different than other forms of early wage access.
The big banks are asking the Federal Reserve to re-examine what companies should be subject to interchange caps on debit transactions imposed by the Durbin Amendment to the Dodd Frank Wall Street Reform and Consumer Protection Act.
In a letter and meeting with the Fed, the Clearing House, a trade association and payments company owned by the biggest U.S. banks asked the Fed to examine whether certain business arrangements used by Fintechs mean that they should be subjects to the same interchange caps as banks with more than $10 billion in assets.
If the Fed were to apply the Clearing House’s recommendations, it could affect the business model for Fintechs and for many prepaid programs that are designed to help low-income Americans.
At the end of 2020, PayPal won an initial victory in its lawsuit against the Consumer Financial Protection Bureau. In this episode, Brian Tate, the Innovative Payments Association’s CEO, talks about what the decision means for the payments industry. He covers the practical implications for payments companies and the potential regulatory and legislative fallout.
The ball is now in the CFPB court to make a decision whether to appeal, so this likely is only the beginning of a long saga between the industry and regulators. Policy discussions informed by the arguments may play out on a different timetable or in tandem. Either way, the decision sets the stage for a number of conversations around the future of payments regulation.
As unlikely as it might seem, 2020 ended on a high note for the payments industry. The Federal Deposit Insurance Corp.’s updated rules on brokered deposits will lower the costs of insuring consumers’ deposits for Fintechs and the banks that work with them. This change is the culmination of five years of work on the part of the Innovative Payments Association and its members.
Despite this bright spot, the regulatory environment in 2021 may be a lot darker for the industry. There will no doubt be a change in the Consumer Financial Protection Bureau’s leadership, which will change that agency’s approach to regulation. Also, a letter from the chairwoman of the House Financial Services Committee to the incoming Biden Administration shows that Congress also plans to keep a close eye on financial services.
Despite all of that, the brokered deposits rule change shows that engagement by the industry can ensure that any new laws or rules do not stifle the industry’s good work to help consumers, businesses, and governments manage their money more effectively. We talk about how companies should lay the groundwork for the new environment they will face in 2021.
If you are not already a part of the Association and want to be part of the policy discussion shaping the future of the payments industry, then go to www.ipa.org to learn more about the benefits of membership in the association.
No one would dispute that we are in a data-driven economy, but many of the metaphors used to describe it miss the mark in describing its true value.
In this episode, Salomè Viljoen, a research fellow with the New York University School of Law and the Cornell tech Digital Life Initiative discusses the nature of data and what that means for individuals, businesses, and governments.
While data is often thought of as an ethereal collection of bits and bytes or as a resource like “the new oil,” it is more complicated than that. Data are relationships between people, companies, and governments. Information is collected, aggregated, and analyzed and that becomes data when it is used to facilitate some kind of relationship between people.
Viljoen talks about why companies need to rethink data and how they use it in terms of the relationships they have with their customers and business partners. She also discusses the difference in value between individual and aggregated data. Finally, she covers what kind of regulation might be necessary and how it could develop.
The questions of data and privacy regulation likely will be on the federal and state agendas in 2021. If you want to be part of the policy discussion, then go to www.ipa.org to learn more about the benefits of membership in the association.
One of the newest names in the Fintech space comes with a ton of experience. North Lane Technologies revealed its new name in October as part of an announcement about its joining with daVinci Payments under Syncapay, another Fintech company.
In this episode of the IPA Payments Pod, we spoke with Seth Brennan, the CEO of North Lane. He describes how North Lane evolved from its start-up days as Ecount, through being part of a large bank with Citi, then a multinational with Wirecard. We also talk about where the company goes from here as part of a larger organizations created out of multiple Fintechs. Brennan says that Nprth Lane and DaVinci are on their way to becoming a juggernaut in incentive payments.
North Lane and Syncapay are members of the IPA. If you want to join them and other payments leaders in helping to create an environment that fosters innovation, then go to www.ipa.org to learn more about the benefits of membership.
Few areas of payments are more complicated than health care benefits delivered to individuals. While health plans want to give consumers more control over how they spend their dollars, the tax code restricts how those dollars can be used.
For years, health plans that wanted to provide consumers with money for over-the-counter medicines and incent behaviors like healthy eating or getting a flu shot, had to resort to an assortment of payment tools. Checks and gift cards might be distributed before or after the fact. Consumers might need to use a prepaid or debit card, but then report what they bought and prove it fit within a plan’s guidelines. Whatever the methods used, the process was cumbersome and not always effective.
InComm Health Care has developed a system that can streamline these payments. The company’s system combines point of sale services and a multipurpose card to make the payment process as easy as any card payment. The system can filter eligible items down to the SKU level, and automatically pull from different pools of funds available to the cardholder for everything from medicines to healthy food.
This system earned Incomm the IPA’s Payments Innovation award. In this episode, we talk with InComm about its capabilities and where things go from here.
InComm is a member of the IPA. Go to www.ipa.org to learn more about the benefits of membership.
While the topic of financial services regulation is not being discussed much in this election, nevertheless, the outcome of the vote will determine the shape and tone of the regulatory landscape.
In this episode, we talk with Dee Buchanan and Gordon Taylor, principals at Ogilvy Government Relations, about the various ways the 2020 election could go and what each outcome might mean for the regulatory environment.
This episode was recorded before the news broke about the President’s COVID19 diagnosis, so we did not discuss its effects on the campaign. However, the analysis in this conversation remains the same.
In addition to this podcast, the IPA will continue to monitor the election and host an election update webinar for its members on October 14, and a discussion about potential regulatory threats to fintechs on October 21.
Go to www.ipa.org to learn more.
The IPA recently held its first Fintech Elevator. The online event gave participants a chance to make industry connections and win a membership in the Innovation Payments Association.
In this episode, we talk with the founder of one of our winners, Invest Sou Sou, about how being more social with our household finances can lead to greater success. Before becoming an entrepreneur, Fonta Gilliam was a diplomat who have worked in a number of countries around the world. She saw a different approach to managing money than what is common in the United States. She believes that getting people to share more about their finances will help them achieve their goals.
To this end, she founded Invest Sou Sou, which offers financial institutions a platform that their customers can use to create social networks to help them reach goals. The use cases can range from individuals saving to buy a house to groups savings towards a common goal.
You can learn more by visiting their site at: https://investsousou.com/. If you want to create a Sou Sou wallet of your own, visit: https://investsousou.com/elementor-55/how-sou-sou-works/.
Interested in joining Invest Sou Sou as an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
The IPA recently held its first Fintech Elevator. The online event gave participants a chance to make industry connections and win a membership in the Innovation Payments Association.
In this episode, we talk with one of our winners, Frizzmo, an app and card account that combines spending tools and financial literacy modules to teach kids about money management. In addition, it offers schools a way to raise money through an automated donation tool built into the spending tools.
We talk about why Frizzmo was created, how it works, and what it’s like to launch a company during a pandemic.
Interested in joining Frizzmo as an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode we take a peek into people’s diaries with Claire Greene from the Federal Reserve bank of Atlanta, and Joanna Stavins of the Federal Reserve bank of Boston.
In their report, The 2019 Diary of consumer Payment Choice, they use data logged by consumers as part of a payments diary to understand the trends in consumer payments behavior. The initial diaries were tracked in October 2019, but given everything that has happened since then, they also discuss the results of two snapshot surveys done earlier this year.
Debit cards still remain the most popular way to pay, and despite the growth in electronic payments, cash is still holding its own.
You can find their report and supplemental data here.
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode IPA CEO Brian Tate and our members talk with Brian Brooks, the Acting Comptroller of the Currency.
In a wide-ranging discussion, they talk about regulating during the COVID19 pandemic and beyond. Looking to the future, they discuss fintech charters, small dollar lending, and digital dollars.
The Comptroller also brings up the social justice issues that the country has been facing. He describes how the OCC has launched a new effort “Project REACh,” to address structural issues that affect the ability of Americans to build wealth. You can learn more here.
This is an edited version of the audio portion from the IPA’s Summer of Learning session. The IPA will be holding a ‘Day of Payments’ training day on August 19 and its first Fintech Elevator pitch event for start-ups on August 26.
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
COVID19 has led to speculation that the pandemic could be the catalyst for the arrival of the cashless society.
Stay-at-home measures and pandemic fears have led to an increase in online shopping. At the same time, some brick and mortar merchants are refusing cash as a defense against germs. But consumers haven’t abandoned cash just yet.
Rachel Huber, senior analyst in payments at Javelin Strategies and Research completed a study on the health of cash for ATM provider Cardtronics in late 2019. Given the pandemic, the company thought that she should do another survey to see how the pandemic changed things.
In our conversation, we talk about what happen to cash usage, who uses cash, and the growth of contactless payments. Some of the findings were counterintuitive. You can hear about how things are playing out in the episode and find the complete study at:https://www.cardtronics.com/landing/HealthOfCash.aspx#:~:text=Cardtronics%20sponsored%20Javelin%20Strategy%20and%20Research%20to%20conduct,COVID-19%20pandemic%20and%20economic%20response%20in%20April%202020.
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
The COVID19 pandemic has created new challenges for individuals, businesses, and government agencies as they try to manage money and deliver payroll or benefits.
Prepaid cards have filled gaps for a variety of payments, and in this episode Lori Breitske and Jerry Uffner, from payments processor FIS, explain how. They talk about how prepaid has been used for everything from school lunch benefits to payroll.
This podcast contains an edited extract of the audio portion of a Webinar presented by the IPA and FIS.
You can find a video of the full Webinar at our site or on our YouTube channel here: https://www.youtube.com/watch?v=Frip4dcVViw
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
As countries struggle to help their citizens deal with the economic fallout of the COVID19 pandemic, many are finding that prepaid cards and accounts offer a fast and convenient way to support people.
In this episode, we talk with Jennifer Tramontana of the Canadian Prepaid Providers Association, Matthias Spangenberg of Prepaid Verband Deutschland, Diane Brocklebank of the Prepaid International Forum, Kevin McAdam of Global Processing Services, and Brian Tate of the Innovative Payments Association.
We cover how prepaid cards have been used to distribute benefits in various countries. We talk about the regulatory response to the crisis and prepaid’s role in relief. We also cover the future of payments in general and the future of cash in particular. While the world is in constant flux, it is safe to say that more things change, the more some things will stay the same.
To learn more about the Canadian Prepaid Providers Organization, visit: https://cppo.ca/
To learn more about the Prepaid International Forum, visit: https://prepaidforum.org/
To learn more about the Prepaid Verband Deutschland (German Prepaid Association) , visit: https://www.prepaidverband.de/en/
To learn more about Global Processing Services, visit: https://globalprocessing.net/
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
The economic effects of the COVID19 pandemic are far reaching and will last longer than the pandemic itself. These affects are rippling through financial institutions’ portfolios as borrowers feel pressure from lost wages and the economic slowdown.
In this episode, we talk with Rochelle Gorey, the co-founder and CEO of SpringFour, a fintech that helps lenders find assistance for borrowers in financial trouble. We talk about how Springfour provides resources for call centers and online customer services and the business case for connecting customers to vetted nonprofits and government agencies that can provide aid.
To learn more about Spring Four, visit: https://springfour.com/
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
The COVID 19 pandemic has caused a lot of chaos for every industry in the economy. But when it comes to payments, the effect of the pandemic likely will be far reaching.
In this episode, Brian Tate, the CEO of the Innovative Payments Association, and the Association’s government relations director, Grant Hannah, talk about how the pandemic is affecting the industry now, and what the long-term implications might be. They cover COVID19 payments and the role that prepaid plays in delivering them and how future oversight might lead to more regulations.
They also talk about how the ongoing PayPal lawsuit against the Consumer Financial Protection Bureau will have its own effect on the payments landscape independent of the virus.
If you want to stay on top of new developments in the industry, plan to attend the IPA’s compliance boot camp on June 3. The boot camp will feature sessions spread out over a day that cover topics such as fraud, the PayPal lawsuit, and earned wage advance products. Register today at: https://ipa.regfox.com/compliance-boot-camp-2020
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Is the CFPB constitutional? Is its prepaid rule constitutional? These are questions in front of the courts right now. Two lawsuits have called into question both the structure of the CFPB and the validity of its prepaid accounts rule. The outcome of these two cases could determine who is subject to the prepaid rule and even whether the Bureau should exist in its current form.
On the state level, a lawsuit over payroll card rules is making its way through the New York State courts. It could determine whether or not the Department of Labor can regulate financial products.
In this episode, the Innovative Payments Association’s CEO, Brian Tate, and Government Relations Director, Grant Hannah, talk about these lawsuits and what their effects might be. We also talk about the long term effects of these lawsuits in the context of the possible outcomes of the 2020 elections.
The IPA will keep its members updated on developments in these suits through its regular government relations calls.
If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Cyber criminals have an advantage over the companies and people they target because they are better at working together than the financial services industry.
Hackers use online forums to trade trips and tricks, and even sell software to one another in online forums. They help one another exploit weaknesses in the defenses of financial services providers.
Although the industry is lagging behind the crooks, organizations like the IPA and the Payments Risk Fraud Consortium are working to bring industry experts and investigators together to push back the hackers,
In the latest episode of the IPA Payments Pod, Andrea Valentin, the secretary of the Payments Risk Fraud Consortium talks about the power of collaboration and how to build a culture that helps the financial industry keep up with the hackers.
This episode is an edited version of a webinar presented to IPA members. Members can access the full recording and associated slides in the members’ only section of the Web site.
You can learn more about the Payments Risk and Fraud Consortium at their Web site:
https://www.fraudconsortium.org/
If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Everyone likes to believe that they are rational, especially when it comes to money. But people often make irrational choices, despite what economists would have us believe.
While irrationality might seem like a bad thing, it can be harnessed to help people achieve their goals. By understanding human foibles, financial services providers can design products that will direct that behavior down positive paths. In this episode, we talk with Kristen Berman, the co-founder of Irrational Labs, and Brad Swain of the Common Cents Lab at Duke University, about what their research shows when it comes to money management and what that can mean for product design.
We learn how people’s affinity for the easiest path and even certain numbers can translate into financial gains for both individuals an financial services companies.
If you want to learn more about our guests’ research, you can visit the Irrational Labs Web site at
https://irrationallabs.org/
and the Common Cents Lab web Site at
https://advanced-hindsight.com/commoncents-lab/
If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Our wallets have become more than our billfolds and pocketbooks, but unless we stop to think about it, it is easy to ignore how all the little changes add up.
If you are a card manufacturer, though, you need to think about what the how tools like tap and go cards, mobile payments, and wearables are reshaping business and daily life.
Peggy O’Leary, CPI’s Director of Sales and Client Services in Prepaid, sees payments innovation reshaping everything from what we do at the checkout counter to the design of our wallets. In this episode, we talk about how these changes open up new opportunities for financial institutions, payments providers, retailers, and consumers alike.
If you want to learn more about CPI and their manufacturing capabilities for all kinds of payments tools, you can visit their Web site at: https://www.cpicardgroup.com/
If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
ATMs have been an important tool for debit card holds to get cash and make deposits, but mobile technology makes it possible for anyone to use an ATM if they can receive text messages. In this episode, we talk with PIN4 and its subsidiary, HalCash International, about how cardless transactions can help payments companies deliver services to their customers.
PIN4 is working with IPA member MasterCard on its MasterCard Cash Pick-Up service in the United States and working with a variety of companies in countries like Spain to deliver instantly available cash payments to individuals.
If you want to learn more about PIN4 and the Mastercard Cash Pick-Up capability, you can visit their Web site at: http://pin4.com/
If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Recent dustups between data aggregator Plaid and large banks such as PNC and Chase show the importance and challenges of data sharing between banks and Fintechs. In this episode, the IPA talks with Don Cardinal, the managing director of the Financial Data Exchange, a nonprofit dedicated to managing data sharing through a proprietary API.
We discuss the importance of data sharing, how an API helps, and why data sharing is important for payments innovation.
If you want to learn more about the Financial Data Exchange, you can visit their Web site at: https://financialdataexchange.org/
Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode, the IPA’s CEO, Brian Tate, discusses the issues shaping the future of payments in 2020 and beyond. We talk about the future of the CFPB, including the PayPal lawsuit, which could deregulate much of the industry. In addition, we talk about brokered deposits and the FDIC’s proposed regulations. Finally, we don’t ignore the elephant in the room, but talk about the effects that the 2020 election might have the on the future of payments regulation.
If your company is a member of the Association and you need a login for the site, a subscription to one of the newsletters, or more information on your company’s membership, you can contact Steffanie directly at: shousman@ipa.org.
Interested in becoming a member? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode, the IPA’s member relationship manager, Steffanie Housman, talks about some of the benefits that member companies receive after joining the association. We cover the payments news and regulatory updates, educational resources, and fraud prevention efforts at the IPA.
We also talk about upcoming events and our plans for a member survey.
If your company is a member of the Association and you need a login for the site, a subscription to one of the newsletters, or more information on your company’s membership, you can contact Steffanie directly at: shousman@ipa.org.
To learn more about the IPA’s compliance boot camp, coming up in September, please visit: https://www.ipa.org/newsroom/2019/registration-for-the-2019-boot-camp-is-open/
Interested in becoming a member? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode, the IPA’s government relations director, Grant Hannah, talks about how the IPA provides resources for members to keep track of changes in legislation, regulation, and other areas of public policy. He also explains how members can engage their elected officials and how the IPA can support those efforts.
If your company is a member of the Association and you need a login for the site, a subscription to one of the newsletters, or more information on your company’s membership, you can contact Steffanie directly at: shousman@ipa.org.
Interested in becoming a member? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode, the founders of the Falls Fintech Accelerator talk about how they plan to help financial start-ups move from being an idea in development to being a product in market. Nikee Rhody and Trent Sorbe, the founders of the Accelerator describe the program they have developed for entrepreneurs, the kinds of companies they are looking for, and why Sioux Falls, South Dakota, is the place to be for financial innovation.
If you are interested in learning more about the accelerator, you can visit https://www.fallsfintech.com/.
As part of its commitment to fostering payments innovation, the IPA has become a sponsor of the accelerator.
If you are interested in being a part of the next generation of payments, you should consider joining the IPA. The Association works every day to help create an environment where payments can through good government relations, fighting fraud, and providing opportunities for the industry to network and learn. Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
In this episode, we review some of the recent news from the world of payments and regulation. The episode includes highlights form our members only publications and other news from our member companies. If you are a member and aren’t seeing the IPA Update and Government Update in your inbox, let us know, and we’ll make sure you get on the list.
Not a member? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.
Below are links to some of the items mentioned in the episode.
To read Bloomberg’s story on the Consumer Financial Protection Bureau’s responses to requests to end CIDs, visit: https://news.bloomberglaw.com/banking-law/kraninger-holding-the-line-on-cfpb-investigative-demands
To read Walmart’s digital currency patent application, visit: http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20190236564&OS=20190236564&RS=20190236564#Cite_@inthepixels
To learn more about the IPA’s compliance boot camp, coming up in September, please visit: https://www.ipa.org/newsroom/2019/registration-for-the-2019-boot-camp-is-open/
What are “faster payments” and what do they mean for the payments industry?
Kim Ford, the director of the U.S. Faster Payments Council answers these questions for us. We discover what the definition of faster payments is, who the players are, and what faster payments mean for the future of the industry.
To learn more about the U.S. Faster Payments Council, you can visit: https://fasterpaymentscouncil.org/
To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day
To learn more about the IPA’s compliance boot camp, coming up in September, please visit: https://www.ipa.org/newsroom/2019/registration-for-the-2019-boot-camp-is-open/
In this episode of the Innovative Payments Association Podcast, Dr. Billy J. Hensley, the president and CEO of the National Endowment for Financial Education talks about why financial education is an ongoing process, how it helps financial services providers have better customers, and why financial education is related to values.
You can learn more about NEFE and its work here: https://www.nefe.org/
To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day
If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org.
In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. We also talk about how American’s feel about their financial situation and why the Fed’s research into this topic is important for financial services providers.
To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day
For information on the Consumer Financial Protection Bureau’s Symposium, visit: https://www.consumerfinance.gov/about-us/newsroom/cfpb-hold-first-symposium-june-25/
The Fed’s study on financial well being can be found here: https://www.federalreserve.gov/publications/2019-economic-well-being-of-us-households-in-2018-executive-summary.htm
If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org.
In this episode of the IPA Payments Pod the association presents highlights from one its Financial Crimes Task Force calls. While recordings of these calls are normally posted for members only on our Web site, the Association and our guest, Chief Steven Lewis, thought it should be shared more broadly. Chief Lewis is the head of the Ellisville, Mo., Police Department. He described the kinds of fraud attacks that are reported to his department and discussed ways the industry and law enforcement might be able to work together to combat financial crimes involving prepaid cards.
In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. And we explain how regulatory enforcement may start to look a lot like traffic stops.
To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day
If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org.
In this episode of the Innovative Payments Association Podcast, we talk with Jessica Washington, Payments Risk Expert at the Federal Reserve Bank of Atlanta. Jessica gives us a recap of her presentation from this year’s IPA conference. She talks about what payments consumers are using, delve into some fraud rates, and describe what’s in an average wallet.
The information in the podcast is drawn primarily from three studies: the Federal Reserve Payments Study, the Survey of Consumer Payments Choice, and the Diary of Consumer Payments Choice. You can also find more information on payments and payments risk at the Atlanta Fed’s site: https://www.takeonpayments.frbatlanta.org.
Category:Business/Payments
In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. And we explain how ice fishing shacks and prepaid cards can sometimes fall under the same law.
If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org.
As people get new ways to manage and spend their money, their financial lives grow more interconnected with the rest of the world. In this new environment, financial services customers and providers need to grapple with the issues of data security and privacy, says Christina Tetreault, senior policy counsel for Consumer Reports Advocacy. These two are related in that they are both about controlling access to data. Where they differ is that security is about controlling outside attacks, while privacy is about giving customers control over how their data is used.
Consumer Reports has teamed up with other organizations to form an open-source called effort “the Digital Standard” that seeks to create privacy and security standard for future product design. You can learn more about it at www.thedigitalstandard.org.
This year’s Power of Prepaid will feature several discussions on the future of payments, privacy, and security and will be held April 8-10, in Washington DC. You can register here.
Changes in state laws around the possession, sale, and use of cannabis have brought a new category of retail out from the underground economy. As entrepreneurs have moved to seize the opportunities in this new industry, federal laws make payments difficult. In this episode, we talk with Annie Nagle, the Chief Operating Officer of Verdant Medical, a cannabis start-up in Massachusetts. We discuss the challenges of both accepting and making payments. In addition, we discuss the challenges of paying employees and how the cannabis industry may provide opportunities to people who have been shut out of employment.
This year’s Power of Prepaid will feature a panel on cannabis payments and will be held April 8-10, in Washington DC. You can register here.
The Network Branded Prepaid Card Association has become the Innovative Payments Association to better reflect the innovative work that its members are doing.
In the latest episode of the podcast, CEO Brian Tate talks about why the Association changed its name and its plans for 2019. We also discuss the issues facing the industry and the Association’s plans to deliver more content to its members.
As 2019 progresses, the association plans to continue working on the definition of brokered deposits with the Federal Deposit Insurance Corp. and the state laws on unclaimed property. The IPA also will continue working to help its members prevent and mitigate fraud with its Financial Crimes Task Force and Law Enforcement Alliance Program.
The IPA also plans to host a number of webinars and events this year. The first will be our annual conference. This year’s Power of Prepaid will be held April 8-10, in Washington DC. You can register here.
Learn more by listening to our podcast here, or wherever you get your podcasts. Don’t forget to subscribe and leave use a review.
Discover Financial Services is best known for its credit cards, but the company has products across the financial services spectrum. Credit, debit, and prepaid transactions all run on its network. While credit may be the largest part of its business, nevertheless prepaid products have been a tool Discover has used to work with FinTech companies. It also has used prepaid platforms along with its network tools to create new products using restricted authorization networks. We talk with Claudia Schaefer, Business Development Executive for Strategic Initiatives at Discover about how prepaid fits into Discover’s overall business and what its capabilities are.
In this episode, Dee Buchanan and Gordon Taylor, principals at Ogilvy Government Relations, discuss the outcomes of the midterm Congressional elections and what they might mean for financial services regulations. Now that the Democrats have taken control of the House and the Senate remains in Republicans hands, the Midterms leave us with a divided Congress. While this might mean not many new laws will be passed, the industry will still need to pay attention to what is going on in Congress.
In this episode, the NBPCA examines the Netspend Scholarship, which is awarded to Netspend cardholders who want to further their education.
NBPCA’s COO Ben Jackson talks with Beth Deck, Netspend’s Senior Vice President of Accounting and Finance and Whitney Pocoroba, Customer Insights Manager and Manager of the Scholarship. They cover how cardholders apply for and use the scholarships, and they take a look at the history and scope of the program.
Listeners who want to learn more about the scholarship can contact the company at netspendscholarships@netspend.com.
The latest press release on the program can be found here.
In this episode, the NBPCA talks with Loraine Debonis, marketing and communications director for Ubiquity Compliance. We talk about the best practices for error resolution and best practices for handling cardholder disputes. We cover why good error resolution practices are important for customer service, preventing fraud, and regulatory compliance.
In this episode, the NBPCA talks with Dee Buchanan and Gordon Taylor, principals at Ogilvy Government Relations. We discuss the possible outcomes of the midterm Congressional elections and what they might mean for financial services regulations. We consider what happens if control of the Congress remains with the Republicans, if the Democrats take Control of both the House and the Senate, and if the Midterms leave us with a divided Congress.
In this episode, the NBPCA talks with Kurt Helwig, president and CEO of the Electronic Funds Transfer Association (EFTA), and Amy Duncan, the direct of project management at CDP, Inc. and the chair of the EFTA’s egovernment payments council. We discuss how prepaid is used to implement Electronic Benefits Transfer (EBT) to make it easier and less expensive for governments to distribute benefits.
If you want to learn more about the EFTA, you can visit their Web site at: https://efta.org/
To learn more about the size and segments of the government benefits market, please see the Federal Reserve’s Report to Congress on Government-Administered, General Use Prepaid Cards(august 2018).
To see what companies operate EBT programs in the various states, you can visit the U.S. Department of Agriculture’s Food and Nutrition Service EBT Highlights Site.
In this episode, the NBPCA examines “The 2016 and 217 Surveys of Consumer Payment Choice: Summary Results” and considers the results from the perspective of cardholders. We also think about how prepaid providers can improve their business to increase cardholder confidence and thus portfolio profitability.
Listeners can find the full report at: https://www.bostonfed.org/publications/research-data-report/2018/the-2016-and-2017-surveys-of-consumer-payment-choice-summary-results.aspx
In this episode, the NBPCA talks with a prepaid cardholder about why she chose a prepaid card and how it fits in with her financial life. Erin McElrath has had a general purpose, reloadable prepaid card for four years that she uses for budgets. We talk about how she uses her card and why she recommends prepaid cards to her friends.
In this episode, Amy Deberg, president of the recruiting company, the R&P Group talks about how companies can find good employees and how individuals can find their next jobs. We talk about the importance of a good job description, how to best manage the interview process from both sides, and why companies and individuals need to always be ready for their next move.
In this episode, Brian Tate, NBPCA, gives us an update on what is happening with the CFPB and what the midterm elections might mean for the payments industry. While the Midterms are a long way off, the industry needs to consider all the possibilities, so we take a look at what it might mean if control of Congress switches.
Brian Tate can be reached at btate@nbpca.org or at 202-329-8938. Ben Jackson can be reached at bjackson@nbpca.org or at 202-548-7202.
In this episode, NBPCA talks with Sarah Grotta, the director of the Debit Advisory Service at Mercator Advisory Group about the person-to-person transfer market and how these services differ at banks and Fintechs. She recently published a report on this market entitled: U.S. Market Forecast for P2P Solutions, 2017–2021.
You can find our guest’s research at: https://www.mercatoradvisorygroup.com/Reports/U_S_-Market-Forecast-for-P2P-Solutions_-2017–2021/
In this episode, NBPCA talks with Amy Chan, lead product market for First Data’s Money Network about its “Piggy Bank” set aside tool for payroll card users. We discuss how the product helps people manage their money and the business case for helping people save. If you would like to learn more about this product, you can contact her at: Amy.Chan@firstdata.com.
In this episode, NBPCA talks with David John, Senior Strategic Policy Advisor at the AARP Public Policy Institute about his research into how prepaid cards, in particular payroll cards, can help facilitate savings. He found that payroll cards are in many cases superior to other types of accounts in helping people manage their money. If you would like to learn more about his research or share insights of your own, you can contact him at: djohn@aarp.org.
In this episode, NBPCA talks with Susan Herbst-Murphy, from the Federal Reserve Bank of Philadelphia about the evolution of the prepaid industry, who uses prepaid cards and why, and how the industry will continue to grow. We also cover some program design considerations.
You can find our guest’s research at: https://www.philadelphiafed.org/consumer-finance-institute/payment-cards-center/specialists/herbst-murphy/
She has reports about Millennials and Prepaid, Customer Service in Prepaid Programs, and motivating prepaid card users.
In this Podcast, Brian Tate, NBPCA's CEO, walks thought highlights of the Consumer Financial Protection Bureau's amendments to the final prepaid rule. Topics covered include the effective date, error resolution, and the future of the industry after the rule is in place.
NBPCA CEO Brian Tate talks about the association and the latest developments from the CFPB. The CFPB has finalized its prepaid rules -- what does that mean for the industry?