The Payments Perspective by Wespay

In this episode of the Payments Perspective podcast, Jeff Duffy speaks with Peter Tapling about the implications of quantum computing on payment security. They discuss the potential threats posed by quantum computing, particularly its ability to break current encryption methods, and the urgency for financial institutions to prepare for this emerging risk. The conversation covers the concept of 'Harvest Now, Decrypt Later,' the timeline for quantum computing's impact, and the steps organizations can take to become quantum ready. Collaboration across the payments ecosystem is emphasized as a crucial factor in addressing these challenges.

Link here contact Peter Tapling or PTap Advisory

Link here for more information from the Nacha Payment Innovation Alliance on Quantum Computing. 

Interested in becoming a Wespay member? Learn more about membership benefits here: Wespay Membership.

In this episode of the Payments Perspective Podcast, JimPetkovits, Vice President of Education and Events, speaks with Wee Kee Toe from JP Morgan, about how blockchain is reshaping payments—far beyond crypto. They demystify centralized vs. distributed ledgers and explain howsmart-contract-enabled shared networks enable 24/7, near real-time cross-border movement of funds. The conversation explores enterprise use cases like deposit tokens and tokenized assets alongside traditional payment rails. It concludes with the biggest hurdle ahead: broad adoption to unlock interoperability and network effects.

 If you are interested in becoming a Wespay Member, more information can be found on our website at https://www.mywespay.org/public/s/about-wespay/membership

Join Jeff Duffy, Assistant Vice President at Wespay, and Devon Marsh, Managing Director of ACH Network Rules and Risk Management at Nacha, as they discuss two recent bulletins issued for financial institutions, about the importance of moving from traditional means of communication toward secure channels for ACH exception resolution, and the value to be realized by leveraging same-day windows for ACH returns processing. Learn the benefits, debunk common misconceptions, and get practical tips to improve efficiency and reduce risk.

ACH Operations Bulletin #2-2025-Encouraging the Use ofSecure Electronic Channels for Resolving ACH Exceptions: https://www.nacha.org/news/ach-operations-bulletin-2-2025-encouraging-use-secure-electronic-channels-resolving-ach

ACH Operations Bulletin #1-2025-Same-Day Processing of ACH Returns by RDFIs: https://www.nacha.org/news/ach-operations-bulletin-1-2025-same-day-processing-ach-returns-rdfis

If you are interested in becoming a Wespay Member, moreinformation can be found on our website at https://www.mywespay.org/public/s/about-wespay/membership

In this episode of the Payments Perspective podcast, Carmen Murphy speaks with John McKenney, the Financial Education Administrator for the Office of the State Treasurer for Washington State. They discuss the importance of financial literacy, particularly for vulnerable populations, and the challenges faced in delivering financial education. John shares insights from his workshops, emphasizing the need for trust and understanding in financial discussions, and highlights the growing demand for financial education in schools and communities.

John McKenney Contact Information:

Washington State Office of State Treasurer  

• Office: 360‑902‑9021
• Email: [email protected]

Interested in becoming a Wespay member? Learn more about membership benefits here: Wespay Membership.

In this episode of the Payments Perspective podcast, host Carmen Murphy interviews Chris Selmi, President and CEO of Wespay. Chris shares his extensive background in the payments industry, detailing his journey from a financial institution to leading Wespay. He discusses his vision for the future of Wespay, emphasizing the importance of adapting to the ever-changing payments landscape, including the rise of instant payments and AI, while staying true to the company's mission and values. Chris Selmi discusses the rapid evolution of the payments industry, focusing on the shift from analog to digital payments, the challenges of fraud, and the integration of AI in payment solutions. He emphasizes the importance of human connection in member support while navigating these changes and expresses excitement about the future of payments and Wespay's role in it.

Interested in becoming a Wespay member? Learn more about membership benefits here: Wespay Membership.

In this episode of the Payments Perspective podcast, a panelof industry experts discuss their experiences with various industry accreditations, including the AAP, NCP, APRP, and AFPP. They share personal stories about their journeys to earning these credentials, the skills and knowledge gained through the process, and effective study techniques. Theconversation also includes valuable advice for those considering pursuing these accreditations, emphasizing the importance of learning and personal growth over simply passing exams. The episode concludes with reflections on the benefits of these certifications in advancing careers and enhancing professional expertise.

Below are links to the various Accreditation Prep Programs:

AAP

AFPP

APRP

NCP

Interested in becoming a Wespay member? Learn more aboutmembership benefits here: Wespay Membership.

In this episode of Payments Perspective Podcast, Jim Petkovits, Vice President of Education and Events at Wespay, talks with Dana Chaves, Chief Business Development Officer at Lüt, about how their digital payment ecosystem is transforming cannabis and other cash-heavy industries. Dana explains how Lüt bypasses traditional card networks to offer secure, compliant transactions, builds customer loyalty through its Ambassador Program, and creates new revenue opportunities for financial institutions—all while reducing fraud and improving transparency.

For more information about Lüt, visit: https://www.mylut.com/

If you are interested in becoming a Wespay Member, moreinformation can be found on our website at https://www.mywespay.org/public/s/about-wespay/membership

In this episode of the Payments Perspective podcast, JeffDuffy and Trevor Lain, attorney and founder of LexAlign, discuss the pending Nacha Risk Monitoring Rule changes and the evolving landscape of fraud monitoring and compliance in financial institutions. They explore the shift from debit-based fraud to credit-push fraud as the leading threat to accountholders, the related new regulatory obligations on customers to perform active fraud monitoring, the regulatory structure that places responsibility on the FI for their customers' compliance, the challenges of managing remote operational compliance, and how leveraging emerging automation and AI can help FIs meet these rising compliance demands. Trevor emphasizes the need for data-driven risk management, the fallacy of all-or-nothing compliance, and the importance of being able to demonstrate active oversight. The conversationhighlights the necessity of adapting to new fraud monitoring rules and the role of technology in enabling management of remote operational compliance.

If you would like to learn more about LexAlign please link here. https://lexalign.com/

Interested in becoming a Wespay member? Learn more aboutmembership benefits here: Wespay Membership.

In this episode of the Payments Perspective podcast, Carmen Murphy speaks with Sarah Hoisington from Matera about the evolution and future of QR codes in payments. They discuss the differences between payment QR codes and URL QR codes, the security features of payment QR codes, and the global adoption of QR codes in various countries. The conversation also covers the standardization efforts for QR codes in the US, the flexibility and various use cases of payment QR codes, and the future outlook for QR codes in the US payment landscape. 

Link here to learn more about Matera

Interested in becoming a Wespay member? Learn more about membership benefits here: Wespay Membership.

In this episode of the Payments Perspective Podcast, Connie LaChance, Vice President of Education & Events at Wespay, speaks with Joe Wentzell, Vice President at National Secure Transport, about the intricacies of cash in transit (CIT) services. They explore the importance of secure cash transportation for various cash-intensive businesses, including the cannabis industry, and discuss the role of smart safes and cash recyclers in enhancing cash management. The conversation also delves into the relationship between financial institutions and CIT providers, regulatory considerations, and the growing demand for these services in the evolving payments landscape.

For more information about Joe Wentzell and National Secure Transport, please visit their website at https://nationalsecuretransport.com/

If you are interested in becoming a Wespay Member, more information can be found on our website at https://www.mywespay.org/public/s/about-wespay/membership