AeroPay Prepares to Support Pot Payments Payments startups AeroPay has been approved to use its merchant payments platform to accept payments at cannabis dispensaries in Colorado, reports CEO Daniel Muller. The AeroPay platform provides low-cost payment exchange between merchants and their customers in partnership with financial institutions. The problems and solutions to … [Read more...] about Pot Payments, FinTech Partnerships, ESG Products: Chicago FinTech News 05-11-2020
Is Covid-19 Payments’ 9/11 Moment?
Like 9/11, the coronavirus can spur needed payment automation, I wrote in a recent Pay Think column published in PaymentsSource. You may remember that it took the 9/11 crisis to get U.S. federal legislation moving to put scanned check images on the same legal footing as the paper originals. 2020 should be that moment for the U.S. payments infrastructure. Not simply for the … [Read more...] about Is Covid-19 Payments’ 9/11 Moment?
Focus Your Product Idea with a Future Press Release
Product development and funding requires a sharp focus. Bring clarity and focus to your idea the Amazon way: the future press release. Amazon has used the strategy internally for years as part of its “customer-obsessed” business culture. They call it “working backwards” – an approach to product design that looks first at what customer needs and customer reaction are likely … [Read more...] about Focus Your Product Idea with a Future Press Release
FinTechs Could be a Vital Tool in Solving Coronavirus Problems
There’s no way to get around talk about the coronavirus. Now in over 80 countries, it’s touched on nearly every aspect of life for people around the world. Its impact on the FinTech landscape is no less profound, but its long-term effects are still an open question. A consumer slowdown and long-term recession could lower valuations for FinTech startups and lead to a pullback … [Read more...] about FinTechs Could be a Vital Tool in Solving Coronavirus Problems
FinTech Platforms Emerge in Wealth Management
Software companies are seeking to use the “platform” model to extend their reach and help segments of the wealth management industry use technology to retain clients and expand market share. “It is well established that when software platforms enter into any market, they virtually always win, and they win big,” said Lawrence Johnson, SVP and Head of Fintech Engagement for … [Read more...] about FinTech Platforms Emerge in Wealth Management
Chicago Payments Forum Networks, Plans 2020 Events
The Chicago Payments Forum met for networking and 2020 event planning Feb. 18 to catch up on the state of the business in 2020 so far. Bottom line: it's a busy start to what's shaping up to be a busy year both for the work payments professionals in all sectors are doing and in new technologies and deals in the industry as a whole. We are planning to host several startups and … [Read more...] about Chicago Payments Forum Networks, Plans 2020 Events