Financial Services Will Be Shaped By Data Sharing

01/15/20 • 17 min

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.

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.

Previous Episode

What Does 2020 Hold for Payments?

In this episode, the IPA’s CEO, Brian Tate, discusses the issues shaping the future of payments in 2020 and beyond. We talk about the future of the CFPB, including the PayPal lawsuit, which could deregulate much of the industry. In addition, we talk about brokered deposits and the FDIC’s proposed regulations. Finally, we don’t ignore the elephant in the room, but talk about the effects that the 2020 election might have the on the future of payments regulation.

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].

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.

Next Episode

Texting Cash: How PIN4 Enables new Use Cases for ATMs

ATMs have been an important tool for debit card holds to get cash and make deposits, but mobile technology makes it possible for anyone to use an ATM if they can receive text messages. In this episode, we talk with PIN4 and its subsidiary, HalCash International, about how cardless transactions can help payments companies deliver services to their customers.

PIN4 is working with IPA member MasterCard on its MasterCard Cash Pick-Up service in the United States and working with a variety of companies in countries like Spain to deliver instantly available cash payments to individuals.

If you want to learn more about PIN4 and the Mastercard Cash Pick-Up capability, you can visit their Web site at: http://pin4.com/

If you want to stay on top of new developments in the industry, plan to attend the Innovative Payments Conference in Washington DC, April 6-8. Learn more and register at: https://www.americanbanker.com/conference/innovative-payments

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.