IPA Payments Pod

In this episode, the NBPCA talks with a prepaid cardholder about why she chose a prepaid card and how it fits in with her financial life. Erin McElrath has had a general purpose, reloadable prepaid card for four years that she uses for budgets. We talk about how she uses her card and why she recommends prepaid cards to her friends.

COVID19 has led to speculation that the pandemic could be the catalyst for the arrival of the cashless society.

Stay-at-home measures and pandemic fears have led to an increase in online shopping. At the same time, some brick and mortar merchants are refusing cash as a defense against germs. But consumers haven’t abandoned cash just yet.

Rachel Huber, senior analyst in payments at Javelin Strategies and Research completed a study on the health of cash for ATM provider Cardtronics in late 2019. Given the pandemic, the company thought that she should do another survey to see how the pandemic changed things.

In our conversation, we talk about what happen to cash usage, who uses cash, and the growth of contactless payments. Some of the findings were counterintuitive. You can hear about how things are playing out in the episode and find the complete study at:https://www.cardtronics.com/landing/HealthOfCash.aspx#:~:text=Cardtronics%20sponsored%20Javelin%20Strategy%20and%20Research%20to%20conduct,COVID-19%20pandemic%20and%20economic%20response%20in%20April%202020.

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

In this episode, the IPA’s member relationship manager, Steffanie Housman, talks about some of the benefits that member companies receive after joining the association. We cover the payments news and regulatory updates, educational resources, and fraud prevention efforts at the IPA.

We also talk about upcoming events and our plans for a member survey.

If your company is a member of the Association and you need a login for the site, a subscription to one of the newsletters, or more information on your company’s membership, you can contact Steffanie directly at: [email protected].

To learn more about the IPA’s compliance boot camp, coming up in September, please visit: https://www.ipa.org/newsroom/2019/registration-for-the-2019-boot-camp-is-open/

Interested in becoming a member? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

As countries struggle to help their citizens deal with the economic fallout of the COVID19 pandemic, many are finding that prepaid cards and accounts offer a fast and convenient way to support people.

In this episode, we talk with Jennifer Tramontana of the Canadian Prepaid Providers Association, Matthias Spangenberg of Prepaid Verband Deutschland, Diane Brocklebank of the Prepaid International Forum, Kevin McAdam of Global Processing Services, and Brian Tate of the Innovative Payments Association.

We cover how prepaid cards have been used to distribute benefits in various countries. We talk about the regulatory response to the crisis and prepaid’s role in relief. We also cover the future of payments in general and the future of cash in particular. While the world is in constant flux, it is safe to say that more things change, the more some things will stay the same.

To learn more about the Canadian Prepaid Providers Organization, visit: https://cppo.ca/

To learn more about the Prepaid International Forum, visit: https://prepaidforum.org/

To learn more about the Prepaid Verband Deutschland (German Prepaid Association) , visit: https://www.prepaidverband.de/en/

To learn more about Global Processing Services, visit: https://globalprocessing.net/

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.

Recent dustups between data aggregator Plaid and large banks such as PNC and Chase show the importance and challenges of data sharing between banks and Fintechs. In this episode, the IPA talks with Don Cardinal, the managing director of the Financial Data Exchange, a nonprofit dedicated to managing data sharing through a proprietary API.

We discuss the importance of data sharing, how an API helps, and why data sharing is important for payments innovation.

If you want to learn more about the Financial Data Exchange, you can visit their Web site at: https://financialdataexchange.org/

Interested in becoming an IPA member and helping to shape the future of payments? Reach out today and talk to us about the benefits of joining. Go to www.ipa.org to learn more.