Chicago Payments Forum Meets Virtually. We know you've been wanting to talk payments in Chicago, so we're holding our first virtual meetup 4:30p - 6:00p, Wednesday, June 3. Register on the FinTEx Chicago website at https://bit.ly/FinTExEvents. “Cash is king baby.” Cash shows its twin properties in a payments survey by Grown In, a Chicago-based cannabis newsletter. It's … [Read more...] about Chicago FinTech News 06-01-2020
A New Era For FinTech
As Covid-19 continues to impact almost every aspect of life and business, the question of how it has and will continue to reshape Fintech has been a major concern for industry members. Speakers at a recent Tech In Motion webinar took time to examine the issue, and while the answers are complex, the ultimate thesis is simple enough: this is a new era for the industry, and the … [Read more...] about A New Era For FinTech
Alternative Lenders Fill the Gap, But Must Be Careful
Already fulfilling the basic financing needs of small businesses, alternative lenders may help fill the gap in getting Payroll Protection Plan (PPP) money to small businesses. Since the program opened and ran out of money, nonbank lenders got approval to provide PPP loans. I had emails in my inbox from Ondeck (I'm a customer), Square Capital, and PayPal. This indicates an … [Read more...] about Alternative Lenders Fill the Gap, But Must Be Careful
Pot Payments, FinTech Partnerships, ESG Products: Chicago FinTech News 05-11-2020
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