The AFT podcast: At the Forefront of Transactions | Previously known as Fundraising Radio.

Konstantin Dubovitskiy
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The AFT podcast: At the Forefront of Transactions | Previously known as Fundraising Radio.

The AFT podcast (At the Forefront of Transactions) - previously known as Fundraising Radio, is a continuation of our efforts to bring in-depth knowledge of the payments space. Do you know how credit cards work? How banks communicate transactions between each other? How the tap to pay works? How funds get disbursed by government agencies? You'll learn about topics in the payment space that you didn't even know existed. If you are in the fintech/payments space or just a curious mind - hop on!

  1. Fund collections getting creative: Michael Kaplan with PayNearMe

    2D AGO

    Fund collections getting creative: Michael Kaplan with PayNearMe

    In this episode we cover exactly what the title suggests: pay-ins. Specifically focusing on the use-cases like repayment of outstanding debts such as tolls due, phone bills overdue etc. Covering a wide array of pay-in options and explaining how they operate, how the funds get attributed to each user and how the backend of the operations looks like. Michael Kaplan's LinkedIn: https://www.linkedin.com/in/michaelkaplan2/ PayNearMe: https://home.paynearme.com/ AFT Substack: https://aftfinance.substack.com/ And of course, our official website: https://www.aft.finance/

    36 min
  2. Buy Now Pay Later - how does it work and what happens behind the scenes? By Jiakai Guo, VP at Sound Point Capital Management

    JUN 17

    Buy Now Pay Later - how does it work and what happens behind the scenes? By Jiakai Guo, VP at Sound Point Capital Management

    Jiakai Guo - Vice President at Sound Point Capital Management in this episode goes in-depth on how Buy Now Pay Later system operates. How does the capital flow look like, how is this form of debt being treated, what are the delinquency rates and of course, can this serve as an indicator of the country's economic health. P.S. Apologies for the quality of sound on my side, the system defaulted to the wrong microphone and I've missed it. Find us on Substack: https://aftfinance.substack.com/ Our official website: https://www.aft.finance/

    41 min
  3. Building the payment system with Casey Hingtgen

    JUN 3

    Building the payment system with Casey Hingtgen

    Casey Hingtgen - COO of Whale in this episode talks about the process of building a system of pulling and pushing without inter-mingling the funds. Goal of the system in question: - making sure that money is guaranteed to the landlords. Ability to lock the funds in the FDIC-insured funds. - for the renter (user): easy to fund the account. As frictionless as possible. Find us on Substack and join 7k+ people who read about payments' intricacies every month! https://aftfinance.substack.com/

    27 min
  4. How do credit card points work? By Troy Dennis

    MAY 12

    How do credit card points work? By Troy Dennis

    It's exactly how it sounds like - read the title:) Here are some of the specific questions we've covered during the interview: - Travel cards, let's start with the definition here - what is it and how is it different from a regular credit card?- How do the reward points work? Who offers them and why?- What actually happens when you click "redeem points" to, say, book a rental car for your trip? How do these funds settle on the backend?- If the cash equivalent is sent to the provider (car rental in this case), why is it more efficient for the consumer to redeem points through a provider rather than receiving cash-back?- Let's talk about people who are worried about getting new credit cards or overuse their existing cards. What are the key "unknown" factors that might affect the credit score of an individual?- expand on the topic if time permits.

    40 min
  5. Stock voting rights and fund settlement for buying stocks. By Spencer Hurst of MercuryVote

    APR 18

    Stock voting rights and fund settlement for buying stocks. By Spencer Hurst of MercuryVote

    Spencer Hurst, Founder of MercuryVote in this episode explains how stock voting rights operate, how they can be bought and sold (rented) and how the funds flow when a stock or a share of a mutual fund is purchased. Brace yourselves for a deep dive into the confusing space of STONKS. Spencer's LinkedIn: https://www.linkedin.com/in/spencerhhurst/ MercuryVote website: https://www.mercuryvote.com/ AFT's website: https://www.aft.finance/ AFT's substack: https://aftfinance.substack.com/

    59 min
  6. Credit Unions explained. By Wesley Walton

    MAR 27

    Credit Unions explained. By Wesley Walton

    Wesley Walton - CEO of Glendale Area Schools Credit Union [GASCU] in this episode takes a deep dive into the structure and operations of credit unions. GASCU's website: https://gascu.org/ Our substack: https://aftfinance.substack.com/ Our website: https://www.aft.finance/ How do credit unions make decisions, what are the key differences between commercial banks and credit unions, who should consider joining a CU and much more. Key notes that I took during the interview:Glendale Area Schools Credit Union was founded by 2 school teachers and has over 11,000 members now.514F - service based nonprofit.SEG - select employee groupinsured by NCUACredit unions decrease their numbers by 3-6% but as an industry in asset size and member numbers are growing every year.1400ish credit unions are on FedNowstanford credit union was the first to be an online banking website7 members are board memebers5 members of supervisory comities - watchdogs of the institutionCUSOs - aggregations of credit unions who want to adopt a new technology for themselves and want to share resourcesInterest rates on credit cards issued by credit unions are between 18%-21%9.9% interest on a credit cards is offered by GASCU. 9.9 people - freaking 9.9IF YOU HAVE CREDIT CARD DEBT - SWITCH TO A CREDIT UNION

    46 min
  7. How does Card processing work? With Marshall Greenwald, Founder of Ionia

    MAR 10

    How does Card processing work? With Marshall Greenwald, Founder of Ionia

    Marshall Greenwald, the Founder of Ionia in this episode digs deep into the souls (backend) of card processing. Marshall's LinkedIn for those who don't know how to use hyperlinks: https://www.linkedin.com/in/marshall-greenwald-9480351/ Ionia's website: https://www.ioniapay.com/ AFT's Substack: https://aftfinance.substack.com/ AFT's website: https://www.aft.finance/ Here are the questions we've covered during the interview: - tell us the rough outline of how the current credit/debit card processing look like?- how many parties are involved in this process? What does inter-party communication look like and who is in charge of facilitating this communication?- how are the flows for debit and credit card processing different? Why?- why is it so expensive to accept credit or debit card payments?- do the higher time limits for chargebacks affect it or is it mostly related to the complexity of communications mentioned in the second question? Or does it have anything to do with the potential NSF issues?- key solutions that you see for all the problems we've discussed?

    38 min
  8. Building early sales team: Pt 2. By Terry Husayn

    11/21/2023

    Building early sales team: Pt 2. By Terry Husayn

    Terry Husayn (Talha), VP of Technical engagement and a member of the founding team at Orum. In this part Terry spoke about the process of building an early stage sales team - from the ground up. Specifically we focused on hiring, training and creating compensation plans for BDRs and SDRs. Some mentions from the episode: Winning an SDR interview, Terry's blog Betts recruiting - recruiting AlwaysHired - SDR school Shift Group - shiftgroup.io - recruiting Terry's LinkedIn: https://www.linkedin.com/in/talhahusayn/ Link to Orum: https://www.orum.com/ And of course, keep an eye out on our articles through SubStack that you can check out here.

    35 min
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About

The AFT podcast (At the Forefront of Transactions) - previously known as Fundraising Radio, is a continuation of our efforts to bring in-depth knowledge of the payments space. Do you know how credit cards work? How banks communicate transactions between each other? How the tap to pay works? How funds get disbursed by government agencies? You'll learn about topics in the payment space that you didn't even know existed. If you are in the fintech/payments space or just a curious mind - hop on!

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