IPA Payments Pod

Innovative Payments Association
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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. EPISODE 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. EPISODE 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. 06/01/2022

    How Did Covid Change Payments Preferences

    The COVID pandemic changed everyone's lives, so it is no surprise that it changed how people paid for goods and services. In this episode, we delve into what those changes were and how long they will last with Claire Green, payments risk expert at the Federal Reserve Bank of Atlanta, and Joanna Stavins, senior economist and policy advisor at the Federal Reserve Bank of Boston.  We discuss how the use of payment types shifted across different demographics and why we can't use our own behavior as guide to the bigger picture.  Below is a list of recent research on consumer behavior that is worth reading whether you are designing financial products or just want to see how you compare with the rest of the country.   Survey of Household Economics and Decisionmaking  2021, released May 23, 2021  https://www.federalreserve.gov/consumerscommunities/shed.htm     Cash Product Office, FRB San Francisco  2022 Findings from the Diary of Consumer Payment Choice  2021, released May 5, 2021  https://www.frbsf.org/cash/publications/fed-notes/2022/may/2022-findings-from-the-diary-of-consumer-payment-choice/     Payments Evolution from Paper to Electronic Payments by Merchant Type  By Ruth Cohen, Oz Shy, and Joanna Stavins  https://www.bostonfed.org/publications/research-department-working-paper/2022/payments-evolution-from-paper-to-electronic-payments-by-merchant-type.aspx  posted May 2021     Has Covid changed consumer payment behavior?  By Claire Greene, Ellen Merry, and Joanna Stavins  https://www.bostonfed.org/publications/research-department-working-paper/2021/has-covid-changed-consumer-payment-behavior.aspx     All consumer survey data and reports available for download at Atlantafed.org (includes questionnaires and data codebooks)  https://www.atlantafed.org/banking-and-payments/consumer-payments.aspx

    29 min

  4. 06/21/2022

    IPA's June government Update

    It's a busy summer in Washington DC, and the payments industry is getting its fair share of attention. In our latest episode, we talk about the attention that the industry is getting from all three branches of the government. Whether its regulatory scrutiny, new legislation, or lawsuits, payments companies have a lot to pay attention to. In this episode, the IPA's CEO, Brian Tate, and Chris Stromberg, our director of government relations, bring some order to the chaos.

    29 min

  5. 08/03/2022

    IPA's August Government Update

    August is a quiet month for the government, so it is a good time to take a look at the regulatory big picture.  A lot is happening in Washington, and in this episode, the IPA's CEO Brian Tate, and Brian Axell, of Axell discuss some of the forces that will shape the industry.   They talk about a potential bill that would change the way credit card transactions are routed, data privacy and cryptocurrency bills, and what the FDIC rules on advertising mean for fintechs. They also talk about why the CFPB may step up its use of guidance and enforcement instead of traditional rule making.    If you want to keep up with what all of this means for your compliance obligations, then join the IPA on September 29 in Chicago for our 2022 Compliance boot Camp. Learn more and register today at: 2022 Compliance Boot Camp (ipa.org).

    1h 13m

  6. 09/12/2022

    IPA's September Government Update

    August is supposed to be a quiet month in Washington DC, but this year, it was just the prelude to what promises to be a busy autumn.   In this episode, the IPA's CEO Brian Tate, and Chris Stromberg, IPA's head of government relations, talk about where things stand today and what will shape the payments ecosystem in the months to come.    They talk about the philosophical approaches the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are taking towards fintechs, the midterm elections, and ongoing lawsuits that may shape the industry.  The IPA would like to thank its member sponsor Netspend for its support of this podcast.    If you want to keep up with what all of this means for your compliance obligations, then join the IPA on September 29 in Chicago for our 2022 Compliance boot Camp. Learn more and register today at: 2022 Compliance Boot Camp (ipa.org).  To attend the IPA's reception at Money 2020, register at: Money 20/20 2022 Event | Money 2020 RSVP Blank (stinsonnews.com)

    20 min

  7. 09/23/2022

    The Future of Risk Mitigation

    Payments don't happen in a vacuum. Understanding the context around transactions can mitigate the risk of fraud.  In this episode, the IPA presents the edited audio portion of a Webinar that we held with Deep Labs' Vice President and payments industry veteran Tia Ilori.    She described how Deep Labs uses people, processes, and technologies to identify suspicious behavior that may otherwise transact undetected.   We discussed how the events of the past few years have changed the patterns of people's behavior and how to keep up with the changing times. The ability to keep up with cardholder behavior can determine whether or not a company's card is at the top of the cardholder's wallet when it comes time to make a big purchase. It can also determine whether or not a portfolio will be safe from criminal looking to use chaos as an opportunity to circumvent defenses.

    40 min

  8. 09/29/2022

    Filtering Payments with FIS

    Directing dollars into specific spending channels can benefit consumers, program managers, and payments companies.   FIS has been providing filters for government programs for some time, and it is now expanding the technology so that it can be used for other applications. The company plans to offer filtered cards that run on open networks for private businesses to use for things like incentives and budgeting.   In this episode, we talk with Deirdre Ives, general manager of prepaid at FIS, about how filtering works, how it has been used, and where it might go in the future.

    30 min
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Ratings & Reviews

4.9
out of 5
9 Ratings

About

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.

Information

  • Creator
    Innovative Payments Association
  • Years Active
    2018 - 2023
  • Episodes
    100
  • Rating
    Clean
  • Copyright
    © 2023 Innovative Payments Association – use for any sound recordings
  • Show Website
    IPA Payments Pod