IPA Payments Pod

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.