IPA Payments Pod

Innovative Payments Association
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Podcast “IPA Payments Pod”

Hosted by the IPA, the Innovative Payments Pod is designed to keep you ahead of an ever-changing industry and position you to succeed in tomorrow’s prepaid environment. Join us for thought-provoking discussions on the most pressing issues of the day.

  1. EPISODIO 111

    Why Banks Need to Monitor Change: Galileo explains how to be successful in Banking as a Service

    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.

    31 min

  2. EPISODIO 122

    Deposits have Changed: The Age of Fintech has Reshaped a Basic Banking Product

    Technology has reshaped everything about banking, including one of its most basic products: deposits. In this episode, we discuss how Banking as a Service and fintechs have reshaped the landscape for consumer deposits, the regulatory response, and what this means for the risk profile of banks. Joining us are Kiah Lau Haslett, Banking and Fintech Editor at Bank Director, Alex Johnson, Founder of Fintech Takes, Jason Mikula, Publisher of Fintech Business Weekly, and Brian Tate. President and CEO of the Innovative Payments Association. This podcast was recorded on September 26, 2023. Things may have changed by the time you hear it.

    57 min

  3. 13/01/2021

    PayPal Sets the Stage for 2021

    At the end of 2020, PayPal won an initial victory in its lawsuit against the Consumer Financial Protection Bureau. In this episode, Brian Tate, the Innovative Payments Association’s CEO, talks about what the decision means for the payments industry. He covers the practical implications for payments companies and the potential regulatory and legislative fallout. The ball is now in the CFPB court to make a decision whether to appeal, so this likely is only the beginning of a long saga between the industry and regulators. Policy discussions informed by the arguments may play out on a different timetable or in tandem. Either way, the decision sets the stage for a number of conversations around the future of payments regulation.

    22 min

  4. 08/02/2021

    The Clearing House Seeks to Shake Up Fintechs

    The big banks are asking the Federal Reserve to re-examine what companies should be subject to interchange caps on debit transactions imposed by the Durbin Amendment to the Dodd Frank Wall Street Reform and Consumer Protection Act. In a letter and meeting with the Fed, the Clearing House, a trade association and payments company owned by the biggest U.S. banks asked the Fed to examine whether certain business arrangements used by Fintechs mean that they should be subjects to the same interchange caps as banks with more than $10 billion in assets. If the Fed were to apply the Clearing House’s recommendations, it could affect the business model for Fintechs and for many prepaid programs that are designed to help low-income Americans.

    18 min

  5. 16/02/2021

    Real Time Wages?

    PayActiv Works to Get Money to Workers When They Need It The payroll process needs to catch up to the rest of the payments world by becoming real time, according to Safwan Shah, the founder and CEO of Payactiv. The company wants to help workers get money as they need it by providing access to wages they have earned sooner than a traditional two-week or monthly pay cycle would allow. The company does this by working with employers to track how much employees earn and offer the ability to get a percentage of those wages on as needed basis. In this episode we cover how the process works, and how earned wage access is different than other forms of early wage access.

    31 min

  6. 17/03/2021

    How Prepaid Cards Deliver Stimulus Funds

    When the U.S. government decided to provide funds to struggling Americans in the pandemic, it needed a way to move a lot of money to a lot of people quickly. While direct deposit information from tax returns helped, some people who most needed assistance weren’t in the system.  So, the Department of Treasury used a combination of paper checks and prepaid cards from a program it calls the U.S. Debit Card. That program was part of an existing contract that allowed the government to use prepaid cards for disbursements.   IPA members Fiserv and Metabank are instrumental in that program, and in this episode, we talk with Kim Ford, Senior Vice President for Government Relations at Fiserv about how the cards work and how they came to be used for stimulus funds.

    28 min

  7. 22/03/2021

    What Question Can Help Virtual Exams Run Smoothly?

    When the COIVD19 pandemic forced businesses to operate virtually, bank examinations moved into cyberspace.   This change likely will last beyond the pandemic, so bankers need to figure out how to be effective in this new environment. For institutions involved in non-traditional businesses like prepaid issuing, the problems of effectively conveying information and answering questions from examiners can be more complicated if they need to explain a new type of business.  IPA member Bancorp has successfully navigated virtual exams, and in this episode, we talk with Mandi Lermond, the director and chief of staff, and Mike Althouse, the chief compliance officer about the lessons they have learned, and the best practices they have uncovered. For them, the most important exam question, both internally and externally has been “how goes it?” Find out why.  They have also written an article for the ABA Compliance Journal that explores these topics in more detail. You can find that article here: Navigating Virtual Examinations | ABA Banking Journal

    29 min

  8. 29/03/2021

    Step by Step Cyber Security With Consumer Reports

    As people’s lives become more digital and they add more connected devices to their lives, their risks for identity theft, fraud, and other cyber-crime grows.   The average person is often unaware of, or unprepared to, manage all of these risks. To help address this issue, Consumer Reports, a nonprofit focused on consumer protection and education, has created the Security Planner. The site helps individuals create a personal plan for protecting themselves and their devices by asking them a series of questions and presenting them with a checklist of steps to take.  In this episode, we speak with Yael Grauer, the lead content creator for the planner, about how it was created, who it is designed to help, and how it works. We also talk about some of the best practices that people can follow while navigating cyberspace.   The planner is a free resource, and one that companies can share with their customers if they want to provide resources on protecting against fraud.

    29 min
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Información

Hosted by the IPA, the Innovative Payments Pod is designed to keep you ahead of an ever-changing industry and position you to succeed in tomorrow’s prepaid environment. Join us for thought-provoking discussions on the most pressing issues of the day.

Ficha técnica

  • Creado por
    Innovative Payments Association
  • Años en activo
    2018 - 2023
  • Episodios
    100
  • Clasificación
    Apto
  • Derechos de autor
    © 2023 Innovative Payments Association – use for any sound recordings
  • Sitio web del podcast
    IPA Payments Pod

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