Cross-Border Solutions to Reduce Errors and Mitigate Risk of Fraud

Cross-border payments are entering another exciting era of change. 
 
This week, Rajat Mehta, Managing Partner at Payments Consulting Network, is joined by Alain Raes, COO and Co-Founder of iPiD, along with Quinn Pham, Regional Director for APAC region, to delve into their experiences in the cross-border payments sphere. Together, they navigate the challenges of adopting new-age solutions and automation processes while emphasising the importance of fraud prevention, error minimisation, and delivering optimal client experiences, particularly in a multi-jurisdictional landscape with stringent regulatory requirements. 
 
The discussion extends to the different benefits of leveraging new automation tools, central bank digital currencies (CBDCs), and tokenisation solutions, both for organisations and individuals. They also explore the associated costs for banks, organisations, and end clients, highlighting how these innovations contribute to streamlined processes and reduced time spent on remediation efforts.

In this episode of Payments Beats, Ken Musante, Commercial Director from Payments Consulting Network is joined by Caleb Avery, CEO and Founder of Tilled, one of the payment facilitators gaining momentum in the industry today.

Together, they discuss why PayFacs are increasingly considered by industries and businesses examining the diverse range of benefits they provide. 

They also delve into how payment facilitators enhance businesses through streamlined payment processing, improved customer experiences, and enhanced financial insights. 

Join us as we uncover the untapped potential of payment facilitators and their impact on shaping the future of payments in today's dynamic business landscape.

In the dynamic landscape of finance and technology, Blockchain and Cryptocurrencies are a hot topic again, casting a spotlight on their profound impact on payments, banking, and e-commerce. Ross McIntyre, Associate at Payments Consulting Network, interviews Karim Raffa of KPMG, Ivy Fung, VP Women in Blockchain Asia, and Digital Assets Expert, Tim Way to discuss Seamless Asia 2024 as a relevant avenue to know more about CBDCs, tokenisation of real world assets (RWA), stablecoins, loyalty applications, and an array of innovative products that have emerged in tandem with the exponential growth of Asia's internet economy.

Join us on this exploration of the forefront of innovation, where Blockchain and Cryptocurrencies stand as catalysts for the next chapter in Asia's financial evolution. 

In this engaging episode, Marcia Klingensmith, Director at Payments Consulting Network, guides us through the intricate evolution of 3D Secure, providing a comprehensive understanding of its inception and the subsequent evolution into a seamless and data-enriched experience. Joined by the CEO and Co-Founder of PAAY, Yitz Mendlowitz, our conversation extends beyond the historical context, delving into the global adoption of 3D Secure and the challenges inherent in its implementation.

Discover how 3DS is adapting to new payment trends like CBDCs, cryptocurrencies, and instant payments, enhancing security and reducing friction. Join us for a concise yet insightful journey through the changing landscape of payments! 

The payments and fraud risk landscape for merchants continues to undergo rapid change. In this interview between Julie Fergerson, CEO and Co-Founder and Tracy Brown, VP Programs and Technology of Merchant Risk Council, and Mangala Martinus, Managing Director at Payments Consulting Network and Merchant Advisory, we discuss predictions for the key themes and trends in merchant payments and risk in 2024, as well as the objectives and major initiatives for MRC for the year ahead.

As the dynamics of the payments ecosystem continue to shift, this episode serves as an invaluable guide for merchants, professionals, and enthusiasts alike, offering a comprehensive exploration of the challenges and opportunities that lie ahead.

Stay ahead in the game of navigating the complex intersection of technology, security, and commerce. 

Achieving successful bank-fintech partnerships isn’t easy.

In this interview between Robert Keil, Chief Fintech Officer at FinWise Bank, and Mangala Martinus, Managing Director at Payments Consulting Network and Merchant Advisory, we discuss the importance of fintech partnerships for banks, the challenges for both sides of the equation, and the considerations for banks and fintechs in building successful long-term partnerships.

In this episode, Robert also highlights the need for transparency, clear expectations, streamlined procedures, prioritising compliance, and treating FinTechs as vendors rather than customers.

In this episode Liz Beggs, Chief Operating Officer at Payments Consulting Network and Merchant Advisory, explores all things blockchain.

With guest and General Manager, Singapore of Crypto.com, Chin-Tah Ang, the episode dissects observations and insights into the evolution from Web1 to Web3, with emphasis on the shift from centralised control to decentralised ownership in Web3 as well as the various digital currencies, including stablecoins and central bank digital currencies (CBDCs).

The conversation also explains the concept of blockchain as a technology that ensures data immutability and transparency through distributed networks and cryptographic protection.

In this engaging new episode, Marcia Klingensmith, Director at Payments Consulting Network, delves into the world of instant payments with Alloy Labs’ Venture Partner, Peter Davey, a leader in real-time payments innovation.  
 
After driving product innovation at the Clearing House and now at Alloy Labs, he focuses on addressing challenges for community banks and credit unions, emphasizing the need to simplify and enhance connections to instant payment networks. 
 
Tune in to discover why institutions must take incremental steps toward modernization and think of the importance of partnerships and shared efforts in navigating the changing landscape of instant payments.  

The Americas Cash and Payments Seminar 2023 will take place in Orlando Florida this November.
 
In this episode of Payments Beats, Payments Consulting Network Associate for London, David Fagleman, is joined by Shaun Ferrari, Vice President & Director of Global Business Development at Currency Research, to discuss the changing payments landscape in North, Central and South America, highlighting the increasing focus on instant payments and the challenges of cross-border transactions.  

Shaun also predicts that cash will continue to be relevant, with digital payments playing a growing role, and emphasizes the importance of finding a balance between the two.