IPA Payments Pod

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: [email protected].

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: [email protected].

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: [email protected].

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/