The Payments Podium The Payments Professor

In this episode of The Payments Podium, the Professor welcomes Tom Burgess from Snipp.com to discuss innovative approaches to navigating interchange fees. The conversation delves into these fees' impact on merchants and organizations and explores potential solutions that can benefit both consumers and financial institutions. Tom shares insights on how targeted advertising through banking apps can enhance user experience and provide financial benefits to consumers, banks, and merchants alike. This engaging discussion covers a range of topics, including electronic banking innovations, the effectiveness of coupons in the banking sector, and the broader implications for community banks and credit unions.

Dive deep into the groundbreaking journey of Check 21 in the latest episode of "The Check21 Blockbuster Story" podcast. Join us as we unravel the intricate history and pivotal moments that shaped the Check Clearing for the 21st Century Act, with exclusive insights from the authors of the definitive book on the subject, Phyllis Meyerson and David Walker. Discover the challenges and triumphs experienced by the key figures behind this monumental shift in banking, from the early days of check processing struggles to the innovative leap towards electronic transactions. Learn about the crucial role of Echo, the behind-the-scenes negotiations, and the surprising involvement of a Colonel who helped keep the economy afloat post-9/11. Plus, don't miss the intriguing account of the presidential signing ceremony with President George Bush that officially marked the advent of Check 21, transforming the landscape of electronic payments forever. This episode offers a detailed look at the legislative process and highlights the collaborative spirit and determination that made Check 21 a reality. This podcast episode is a must-listen for banking professionals, history enthusiasts, and anyone curious about the evolution of Check 21.

In this captivating episode of "The Payments Podium," join us for an exclusive journey through the evolution of electronic checks, featuring the legendary Phyllis Meyerson and David Walker. Discover the untold stories and pivotal moments that transformed the check processing landscape. From the manual and chaotic early days of check handling, including checks literally falling off trucks, to the innovative leap toward electronic transactions, this episode is packed with fascinating insights and anecdotes. Learn about the genesis of the idea that led to Check 21, the monumental effort to convince the banking industry, and the legislative challenges that were overcome. This special edition goes beyond the typical discussion, offering a behind-the-scenes look at how electronic payments pioneers navigated the complex world of checks, culminating in the landmark Check 21 Act. Whether you're a payments professional or simply curious about the history behind today's electronic transactions, this episode promises an enlightening and entertaining exploration of how a crucial aspect of the banking system was modernized against all odds.

Welcome to this enlightening episode of "The Payments Podium," where today we will dive deep into the evolving world of point-of-sale (POS) technology and its impact on small businesses. Join us as our host, alongside special guest George from the pioneering company Swoop, explores the seldom-discussed but critical aspects of POS systems. We address the pressing issues small businesses face, debunk the myth of complexity in electronic payments, and reveal how modern POS technology can do much more than just process payments. From enhancing customer experience with seamless transactions to integrating payroll, accounting, and inventory management—all within a budget that small businesses can afford—this episode is a treasure trove of insights for entrepreneurs looking to leverage technology to thrive. George also sheds light on the friction points within electronic payments and offers practical advice for businesses aiming to offer a broad range of payment options without the burden of excessive fees. Whether you're a local food truck owner, a salon proprietor, or run a small landscaping service, this episode is packed with actionable strategies to upgrade your POS system, reduce operational friction, and set your business up for success. Plus, don't miss our discussion on the future of POS technology and how instant payments could reshape the landscape. Tune in to discover how to make technology work for your small business and stay ahead in the digital age.

In this engaging episode of the Payments Podium Podcast, the Payments Professor Professor, Kevin Olsen, and Lisa Coffey, Chief Innovation Officer at Corporate America Credit Union, dive into what it means to be a corporate credit union. They kick off the discussion by clarifying the fundamental differences between banks and credit unions. Lisa, bringing her expertise from Corporate America Credit Union, sheds light on the journey from microfilming checks to climbing the ranks in electronic payments. The conversation navigates through the evolution of financial services, emphasizing the role of technology in facilitating broader reach and efficiency.

A key focus is on how corporate credit unions operate, like a credit union for credit unions, providing essential services such as liquidity, investment opportunities, and technological solutions to their members. These offerings enable smaller community credit unions to offer services comparable to larger financial institutions, leveling the playing field in the financial sector.

The podcast also touches on the active involvement of corporate credit unions in industry-wide regulatory and innovation discussions, highlighting their role in representing community credit unions at a national level. Lisa and Kevin discuss the future of payments, exploring how corporate credit unions aid their members in staying relevant and competitive in the rapidly evolving landscape of electronic payments, including the adoption of instant payment systems like RTP and FedNow.

Overall, the episode offers valuable insights into the function and impact of corporate credit unions, emphasizing collaboration and innovation in the financial industry.

In this episode, the Payments Professor sits down with Malinda Rickel from The Bankers Bank and Mary Williams from United Bankers to delve into the concept and operations of a bankers' bank. The discussion offers an in-depth look at how these specialized banks function, their role in the banking industry, and their significance to community banks. Malinda and Mary, with their extensive experience in the banking sector, provide valuable insights into the services offered by bankers' banks, such as lending, payment processing, and risk management. They also explore the relationship between bankers' banks and their clients, highlighting how they support smaller banks in meeting regulatory requirements and competing in the market. This episode is a must-watch for anyone in the financial industry looking to understand the unique dynamics and benefits of bankers' banks and those seeking expert perspectives on current trends and challenges in the banking world