Payments Beats

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.

In this episode, Deborah Baxley, Director at Payments Consulting Network, sits down with Hitender Sachdeva, Vice President of Digital Products at Royal Bank of Canada to cover a broad spectrum of topics-- from SWIFT payments to real-time rails to open banking and global settlement, offering a meticulously detailed overview of the changes shaping the future of banking and financial transactions. 
 
With a wealth of experience spanning over two decades in corporate and retail banking, this makes a comprehensive look into the latest trends, developments, and the driving forces behind payment modernization.  

In this episode, Mangala Martinus, Managing Director of Payments Consulting Network and Merchant Advisory, is in conversation with Justin Passalaqua, Country Director, Canada at Worldline. They delve into the growing significance of Independent Software Vendors (ISVs) within the payments acceptance value chain. The discussion also covers key considerations when selecting an ISV, various types of service providers falling into these categories, and the reasons why merchants are increasingly turning to ISVs to enhance the payments experience for their customers.

Payments orchestration is often misunderstood but it has several applications. In this interview with Rob Lincolne, CEO and Founder of Paydock, and Karthik Narayanan, Co-Founder of inai, Mangala Martinus, Managing Director at Payments Consulting Network takes a deep dive into exploring what payments orchestration encompasses, and examines its key benefits and use cases across various industries.

In this episode, Dean Sheaffer, Commercial Director at Payments Consulting Network and Matthew Steinbrecher, Vice President at Reach, explore merchant payment acceptance at a high and general level.

Learn what merchants need to consider with their payment acceptance framework. This includes streamlining authorisations and managing payment expenses to improve the customer experience, along with addressing the costs associated with fraud or chargebacks for the company.

In this episode of the Payment Beats Podcast, David Hensley (PCN) and David Fagleman (PCN) are joined by Jeremy Light, Chairman and Co-Founder of pingNpay, a low-cost payments network for micro-payments to power Web 3.0 and metaverse business models. The episode taps into Jeremy’s deep experience of payments to understand what the metaverse means for payments and the potential impacts for businesses, consumers and governments.  We look at the challenges and opportunities that this new technology presents and what it means for the future of payments. 

Cross Border Payments are looking at a big set of changes in the coming months/years. Legacy architecture, protocols, currencies are going to be altered. Fintech, the emergence of CBDCs and digital currencies and the trending de-dollarization discussions - they all are playing a role that the entire eco-system in the payments world is paying a lot of close attention to. The impact is sector agnostic; and it will push for more involvement from agile fintech companies like KVB, which offer essential solutions to meet CX and UX requirements. Additionally, the ecosystem is adapting to establish optimal business-to-business partnerships for providing these solutions to consumers. Joining us in this week's episode are Byron Hsu and Mark Li from KVB. 

In this episode, Deborah Baxley, Director, Payments Consulting Network and Andrew Gomez, Director, Lipis Advisors discuss the rising threat of faster payments fraud. Andrew has done a lot of research on faster payments fraud trends around the world.  He highlights the challenge, shares common fraud schemes, and provides practical strategies. Listeners will gain valuable insights from success stories of organizations effectively combating this type of fraud.

Welcome to our podcast on ISO 20022 Implementation, where we bring together PCN industry experts from Australia, USA and The Netherlands to discuss the global adoption of this vital financial messaging standard. Join us as we delve into the significance of ISO 20022, its impact on cross-border harmonisation, migration strategies, and the future outlook for the financial industry. 

Read our BIS submission – PCN Review of ISO 20022 Harmonisation Requirements here.