When your toaster and your TV are programmable, doesn't it make sense that your payments should be programmable, too? Card payments often settle on ACH, but accessing the ACH Network for electronic payments is tough. It can take years to figure out accounting, corrections, automating returns, identity verification, and reconciliation. What if those technical gaps were fixed? What if there were a simpler system? Would businesses use it? The gaps have been fixed, a simplified solution has been cre...
Mar 31, 2020•20 min
Venmo offers people a completely digital, cashless payment network experience. But commercial enterprises, weighed down with invoices and contracts, often still rely on paper checks. What if you could use the blockchain to digitize the process for these companies and help them get their revenue faster, cheaper, and more efficiently like Venmo does for individuals? Jeremy Almond , CEO of a business-to-business payment network called PayStand , believes you can. A completely digital cashless payme...
Mar 24, 2020•18 min
How much could your business save if you didn't have to pay credit card processing fees? Could you get a 30% net margin increase? It's possible but tough under the current regulations. To solve this problem, InterPayments , a financial technology firm, developed SurchX, a product that can help businesses recover the maximum allowable amount of their credit card processing fees by passing them onto a consumer as a surcharge. Andrew Bart , the chief growth officer for InterPayments, joined us on t...
Mar 17, 2020•27 min
Merchant cash advance (MCA) solutions have been making finance payments easy for retailers and restaurants since 2005. So how does someone who was in the pioneering days of MCAs shift into the in healthcare system? Scott Griest decided to find out. He built a product to automate loan origination for medical procedures. This platform was built in a way where other originators could license it as well, leveraging the technology with their own financing partners. Scott is the founder and chief oper...
Mar 10, 2020•21 min
Why do so many of us toss our change in charity jars? Because it’s easy. So, what if there was a physical jar for your credit card, where you simply dip your credit card, and boom, you’ve donated? No forms, no iPad, no “What’s your address?” “Check this box.” “Put your name here.” Just a simple credit card dip to give? Well, that jar does exist. It’s called DipJar , and we sat down with their CEO, Chris Selland , on this episode of the Payments Innovation podcast. He told us all about how DipJar...
Mar 03, 2020•26 min
If you could solve one problem in ecommerce transactions, what would you solve? If you answered “friction,” that’s the same place Yitz Mendlowitz started. But he found out very quickly that friction is a consumer issue, not a merchant problem. The problem merchants want solved is fraud liability. In this episode, Yitz shares how credit card networks are finally listening to ecommerce merchants, and started to shift fraud liability away from the merchants and onto the card issuers (the banks). Yi...
Feb 25, 2020•18 min
Global trade payments are a little … broken. Plenty of fintechs and startups have created better trade payment platforms domestically . Plus, various payment systems have focused on the international P2P transactions. But few fintechs have really tackled the global B2B space. That’s exactly why Asnee Fernando founded Shoptaki . Asnee came on the Payments Innovation podcast to share all about Shoptaki’s capabilities, which streamline global trade payments by using collaborative AI. What we talked...
Feb 18, 2020•16 min
Fintechs are the future. Banks represent tradition. And in between … is our data. In this episode, we interviewed Adwait Joshi , Chief Seer (actual title) at DataSeers , a company dedicated to “creating simple solutions to handling complex data.” Adwait has used data to solve pain points in healthcare, animal health, and, now, financial services. In this episode, he shared how DataSeers is using data to create win-win-wins for consumers, banks, and fintechs. What we talked about: Getting data ou...
Feb 11, 2020•16 min
Open banking actually serves smaller financial institutions, like credit unions and community banks, more than anyone else … they just need to know the value. That’s why we invited banking experts Ralph Marcuccilli & Kelli Schultz on this episode of the Payments Innovation podcast. They explain the ins and outs of open banking, and what it can mean for smaller financial institutions. Ralph was a 20-year veteran of the banking industry, and, in 2010, he founded Allied Payment , where Kelli is...
Feb 04, 2020•36 min
Why we all love credit cards: they’re speedy, convenient, and transparent. Why we all dislike credit cards: they’re expensive. What if you could make a bank account transaction at the speed, convenience, and transparency of a credit card transaction, but without the fees? That’s the basic premise behind Hamed Arbibi’s newest venture, VoPay . In this episode, 3-time Founder and CEO, Hamed Arbibi talks about how VoPay is creating a new financial landscape in Canada, enabling rapid bank-to-bank tra...
Jan 28, 2020•16 min
The term “disruption” doesn’t just get thrown around occasionally. “Disruption” gets thrown around incessantly — especially in tech, and, perhaps even more especially in fintech . Let us introduce perhaps the one founder who is not actually trying to disrupt traditional banking. Meet Eric Solis , a 3-time fintech founder, former SVP of investments for Merrill Lynch, former VP of Investments for Prudential Securities, a full stack entrepreneur with educational credits in bitcoin, AI, and business...
Jan 21, 2020•20 min
Across the United States, challenger banks are springing up, such as Chime and Simple. But, within the US, most of these don’t actually have their own charter. Meet Varo Money — the digital bank that wants to become the first challenger bank to receive its own US charter. I spoke with Wesley Wright , Varo’s COO, on the Payments Innovation podcast to hear about why pursuing their own charter is so important. Wesley’s response? Because they want to own the entire customer experience. What we talke...
Jan 14, 2020•18 min
Have you ever tried purchasing life insurance? It seems like it should take less than 60 minutes, but it rarely takes less than 60 days. So Yaron took that process, laden with pdfs, phone calls, and paperwork, and turned it inside-out, co-founding Haven Life . On this episode, Yaron gives his insights on: Why buying term life insurance has been so difficult traditionally Giving customers what they need Allowing customers to purchase how they want How Haven Life is using modern tech to align with...
Jan 07, 2020•18 min
It would be easy to chalk Brandon’s passion into something driven by his near-death experiences. But that’s only half the story. Brandon Dewitt is CTO at MX , a company that grew from the merging of his own company, MyJibe. At his heart, he’s a computer scientist. He wants to help people solve real-life problems, by separating out those things computers do well to help people with their lives. But a while back, he found out he had over a dozen tumors. The docs gave him 30 to 90 days. That was ov...
Dec 17, 2019•31 min
Problem: Local financial institutions don’t have the access to resources or multiple branches that a larger bank like JPMorgan has. So, usually, local community lenders find a niche, and double down on 1 type of lending products. But, that creates at least 2 problems: An over concentration in geography An over concentration in 1 lending product So Ian Lampl stepped in, and by comparing lending to the bond market, LoanStreet was born. On this episode, Ian tells us all about his end-to-end lending...
Dec 10, 2019•17 min
“I don’t have that much cash available. Is there any way I can get a loan to finance this?” “I’m sorry, not really,” said the dentist. Adam Rice overheard the conversation, and the idea for Loan Connect was born. Their goal is simple: provide Canadians with personal loans that lenders actually compete to provide. On this episode, Adam discusses how the platform works, and how it’s defying the odds (and the banks) in Canada. Adam is the CEO and Founder of Loan Connect, with an MBA from UNSW, and ...
Dec 03, 2019•20 min
Richard Donaldson is the VP of Management and Marketing for Requis , a technology company that according to their website “connects buyers and sellers, enabling enterprises to procure, manage, and dispose of assets with greater visibility, simplicity and capital efficiency.” Richard joins us on the Payment Innovations podcast to share his insights for how the future of enterprises are changing, all because of the way that their company is changing asset management. There is a very large gap of t...
Nov 26, 2019•30 min
Financial services make plenty of sense. If you are a financial services professional. But what about the rest of us? On this episode of the Payments Innovation Podcast , our guest Carey Ransom joined us to discuss his passionate belief that financial services should revolve around the average human’s life. What we talked about: People in financial services understand the financial game. But what about the rest of us? Customer-focused product dev vs. profit-focused profit dev The 1 product Carey...
Nov 12, 2019•24 min
Successful people get our attention. We’re fascinated by how they got to where they are. Well on the latest episode of the Payments Innovation podcast , we didn’t just interview someone successful. We interviewed Brendan Holt Dunn who’s carrying on his family’s legacy — five generations’ worth of successful business. Brendan is the CEO at Holdun Family Office and Founder at Holt Fintech Accelerator. He came on the show to talk about his family, their businesses, and their fintech accelerator. To...
Nov 05, 2019•23 min
Marqeta isn’t your usual sort of fintech. They don’t wrap their API into a legacy system. They own everything, from the hardware, to the API. Dave Matter , Head of Global Product Strategy at Marqeta , recently joined us on the Payments Innovation podcast to discuss what he sees as the future of banking, and how their unique product is taking advantage of financial service opportunities around the globe. Dave has worked in fintech with digitizing student loan processing, and with investments, mor...
Oct 29, 2019•19 min
When it comes down to payments and foreign exchange exposure, small and medium sized businesses don’t have a good understanding of what it’s costing them. It varies from company to company, obviously, but even the big companies can be oblivious to the charges — up to 5%. On this episode, I talked with Pourash Pant , co-founder of Tigerflo Global Payments , about why most SMBs don’t even realize how much they’re losing. What we talked about: The reality of foreign exchange payments losses Why SMB...
Oct 22, 2019•14 min
A lot of people ignore the middle part of the United States. The “flyover” states, as they’re called, get a bad rap. They’re ignored for the likes of New York, LA, Silicon Valley, and Austin. But there is so much happening in Middle America. Incredible things really. On this most recent episode of the Payments Innovation Podcast, we sat down with Nikkee Rhody , Vice President of Product Development and Marketplace Strategy at Central Payments , and Co-Founder and Managing Director at Falls Finte...
Oct 15, 2019•21 min
For many businesses, the 2008 financial crisis was a death blow. But for at least one opportunistic entrepreneur, it was the moment he made a game-changing dive into a fintech business. David Gens is the Founder, President, and CEO of Merchant Growth , a fintech specializing in delivering financing to small retail businesses in Canada. David joined me on the Payments Innovation podcast to share how he’s leveraging AI to deliver game-changing financing to small business. What we talked about: How...
Oct 08, 2019•17 min
As a Business Development Rep, Brady is experienced in enterprise-level solution selling with determination to learn and master complex industries. With years of experience Brady has worked for Healthify, TruClinic, and Better before joining the Currencycloud team. In this episode we welcome Brady to the hosting team at the Payments Innovation podcast. Hosted on Acast. See acast.com/privacy for more information.
Oct 01, 2019•8 min
On this episode of the Payments Innovation Podcast we sit down with Bill Dague a Senior Data Scientist at Quandl . Before he began working with Alternative Data at Quandl he was at Nasdaq, before they acquired Quandl. According to Bill, the world of data science is changing, for employees dedicated to working in the field, and companies seeking to maximize revenue by leveraging its power through data. Sometimes, the byproduct data can help companies to sort out the following unexpected benefits:...
Sep 24, 2019•17 min
Cara has a passion for helping community banks and credit unions survive and thrive. As the daughter of parents who were small business owners she understands the importance of community financial institutions to the survival of small and medium size businesses who provide the majority of jobs for the American people. At Currencycloud, Cara partners with financial institutions to provide better solutions for their commercial customers looking to facilitate global business. Prior to joining Curre...
Sep 17, 2019•6 min
76% of banks use fintechs for payment solutions for their corporate clients. Why, then, are some banks still stuck in the Dark Ages? Craig Jeffery , Managing Partner at Strategic Treasurer LLC fills us in on the latest B2B Payments Survey Report and his predictions for the future of bank/fintech relationships. In this episode, we cover: The current landscape of B2B payments Improving enterprise customer experience Protecting against fraud To listen to this episode and more like it, subscribe to ...
Sep 10, 2019•30 min
Natalie Cartwright and her team at Finn AI have a mission: to improve the financial well-being of 100M people by 2025. And they’re leveraging AI to achieve that mission. What we talked about: How Finn AI is applying AI in the financial services industry How do virtual assistants create more value for customers? How do virtual assistants create more value for financial institutions? Check out these resources Finn AI Natalie’s LinkedIn To ensure that you never miss an episode of Payments Innovatio...
Sep 04, 2019•15 min
Since the 80s, we’ve watched automation make the buy side of trading much more effective. But when it comes to the retail side, the technologies haven't evolved at all. But that’s where Quantreex comes in. It’s a web based trading platform that allows you to create automated trading strategies in under a minute. It also leverages AI and machine learning to help you control risk and increase returns. On this episode of the Payments Innovation podcast we caught up with Ali Kousari , Co-Founder of ...
Aug 27, 2019•17 min
Ricardo Pero is changing the landscape for how and where small to medium businesses find capital funding. In 2016, he left JP Morgan to start SellersFunding. We got a chance to sit down with Ricardo to learn all about his inspiration behind starting his company and how his product will transform funding for these important enterprises. From lead time to risk assessments, big banks and cash advance merchants have made it really difficult for these startups to get the funding they need. When your ...
Aug 20, 2019•16 min
