Payments Innovation

Payment options options are endless. PayPal, Visa/Mastercard Debit, Venmo, Apple Pay, Google Wallet, Amazon Balance, … The list goes on.

This provides phenomenal variety for consumers.

But consider a commercial payer.

They now have to have multiple systems to pay a variety of payees in each of their methods of choice. Or risk losing a partner or contractor by not providing payments in their desired method.

That’s why when we found out about Sipree, we were astounded.

Being in the payments space ourselves, we understand how impressive it is to have a uniform payments system. Sipree takes in payments on the payer’s side, and then spits them out to the payees … in almost any method on the market.

We had to find out more, so we invited Mark Sole, Sipree’s CEO and Co-Founder on our Payments Innovation podcast.

He gave us all the details on their amazing platform.

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While plenty of new pay methods are soaking up all the attention, ACH is being left left out of the popular arenas.

We understand why.

ACH can be cumbersome, requiring layers of authorization to finalize a single transaction. Many perceive it as outdated, awkward, and time-consuming.

It’s time ACH had a makeover.

Yelena Reznikova joined us on this episode of the Payments Innovation podcast to show how she’s leveraging the power of ACH and tech to drive profit for businesses, and convenience for consumers.

Yelena is currently the Director of Partnerships at Quovo in New York, a data platform that provides connectivity to financial accounts and is now a part of Plaid, where she’s worked since receiving her MBA from Harvard Business School. Previously, she worked in VC and product at Indicator Ventures and Troops.

She doesn’t believe ACH is dead. She believes with some technological TLC, it becomes an underutilized alternative to the dizzying amount of new payment methods on the market.

Listen in for 3 reasons you should consider ACH as a payment method.

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Ever split a bill with a group of friends? Ever get stuck with more than your fair share?

That’s the sort of issue CashStash is committed to solving: Co-Founder Turner Coggins came on the Payments Innovation podcast to share how his new application allows users more transparency in their shared payments. With CashStash, users can store funds in a shared virtual wallet, giving all members visibility into who’s paid, who hasn’t, and who may need a reminder message.

Turner is a Senior Financial Consultant at Capco., has worked with PwC, and received his MBA from Emory. He’s seen it all in finance.

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As Millennials are clouding out prior generations in the coveted 18-34 consumer space, they are using credit cards less and less. Many of them have no credit, which puts them in the never-ending “you don’t have credit, so we can’t offer you credit” cycle. Or they’ve been told to steer clear of the debt trap, so traditional plastic is a non-option for them.

This leaves gaps, for both consumer needs and merchant revenue.

And that’s where Sezzle comes in. Sezzle is a payment method that offers 0-interest 0-fee lines of credit to consumers while they are shopping. See a $200 jacket at a participating merchant? Use Sezzle and break that up into 4 easy payments of $50.

We brought on their CEO and Founder Charlie Youakim, for our Payments Innovation podcast. He shared how the app works, why it works, and why merchants are partnering with him.

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Payments shouldn’t be the only thing going digital.

Giving to your favorite local charity should be easy. Digital easy.

Hector Pages knows. He grew up in Puerto Rico and saw firsthand devastation from natural disasters. So when he found In/PACT, he had to jump on board.

In/PACT is the creator of Good Coin, an integrated giving solution that allows payments to nearly 1.8 million nonprofits.

Now, users can give straight to their favorite charities through their mobile banking app or online. 

Hector serves as the Chief Growth Officer for In/PACT, and he joined us on the Payments Innovation podcast to tell us all all about the collision of giving and digital.

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Artificial Intelligence. Machine learning As buzzwords go, they’re the hottest things in almost any tech space. “AI” conjures spectacular images of Sci-fi films and robotic engineering. But when it comes down to the reality of your international commerce, you need to know how AI affects your business.

We went straight to the top of the AI and machine learning industry by roping in Emerj CEO and Founder Dan Fagella for our latest episode of the

Payments Innovation Podcast. This guy’s career is nothing short of mind-blowing: He’s a Brazilian Jiu Jitsu champion, started and sold his first company just to “pay for Ivy League grad school,” and since then has been a serial entrepreneur.

Currently, Dan is running his highly successful AI and Machine Learning research company, Emerj, which has become the international go-to for businesses and executives needing to understand the implications of AI upon their companies.

He delivered an action-packed 15 minutes of what AI means for fintech and international commerce.

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Cookie cutter solutions don’t work for everyone.  Often, smaller community banks are left out, especially when considering international exchanges.

Mike Salerno, Vice President of Global Banking at FNB Omaha, saw a host of opportunities  following the recession as larger banks tightened up.  This allowed other correspondents to come in and establish partnerships.

Mike and FNB have made a commitment to continue to service their downstream and correspondent banks.  This includes partnering with them to help them come up with and work on creating a solution set.

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More and more workers are abandoning the traditional "Nine to Five" jobs for contract 1099 work.

While this provides more freedom for workers, Dylan Massey, Co-Founder and CEO of Intercheks, says this also presents some issues when it comes to streamlining the payment processes for individual contractors, some of whom may come and go or have multiple side jobs.

Dylan talks to us about his pathway to Interchecks and how his team is helping to solve specific problems by working to streamline the payment process.

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More and more workers are abandoning the traditional "Nine to Five" jobs for contract 1099 work.

While this provides more freedom for workers, Dylan Massie, Co-Founder and CEO of Intercheks, says this also presents some issues when it comes to streamlining the payment processes for individual contractors, some of whom may come and go or have multiple side jobs.

Dylan talks to us about his pathway to Interchecks and how his team is helping to solve specific problems by working to streamline the payment process.

As US merchants expand their operations across the world into emerging markets, they quickly discover an interesting fact: Many cash-centric nations, have leap-frogged over the usage of plastic.

Now, many of these traditionally cash-heavy nations, have found tech integrations that allow merchants to sell online and collect cash with receipts, QR codes, and other methods.

There’s around 300 different major payment methods available across the globe. If your company is going global, it can be intimidating navigating the cultural, regulatory and technical aspects of such a wide variety of payment options.

That’s what Steve Villegas does. He’s a pro at payment integration. He’s the Partner Management & Head of US Office for PPRO, where he and his team are educating companies on how to accept payments in the preferred method of countries from Eastern Europe to Africa to Asia.

You don’t want to miss this.

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