The Payments Experts Podcast

By: Expert Payments Attorneys of Global Legal Law Firm
  • Summary

  • Expert payments attorneys discuss the electronic payments industry from a legal perspective.

    © 2024 The Payments Experts Podcast
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Episodes
  • Decoding Startup Jargon: Ken Valledy & Eamonn Carey Authors of The Startup Lexicon | PEP034
    Oct 8 2024

    Unlock the secrets of startup jargon with our esteemed guests, Ken Valledy and Eamonn Carey, co-authors of The Startup Lexicon. We promise you'll walk away with a deep understanding of the language that can make or break your entrepreneurial journey. Listen as Ken recounts his transition from corporate marketing to the startup world, where intricate terminology initially felt like a foreign dialect. Together with Eamonn, they share their mission to demystify this complex language, making the startup landscape more accessible and encouraging for budding entrepreneurs.

    Our conversation, lead by Sr Associate Attorney Olesya Trusova, and Global's Director of Operations Jeremy Stock, navigates the challenging intersection of finance, legal, technology, and strategy consulting, focusing on the power of clear communication in pitches — an essential skill for founders aiming to secure investment. With insights drawn from experiences with companies like Stripe, we discuss the importance of founders having a unique perspective or personal pain point driving their innovation. Ken and Eamonn highlight the necessity of simplicity in pitching, particularly when engaging with resistant industries such as fintech and payments, ensuring the startup's value proposition is conveyed effectively to potential stakeholders.

    Explore the evolving startup terminology landscape, as we break down significant terms like liquidation preference, convertible notes, and KYC — essential for those seeking investment. The discussion also touches on the rapid evolution of tech language, with the emergence of SaaS, generative AI, and quantum computing, urging founders to keep pace with these changes. Ken and Eamon share insights into updating their book to include new terms, providing a consolidated resource that offers clear definitions crucial for navigating the startup ecosystem. This episode is a valuable guide for anyone looking to understand the language that underpins successful startup ventures.

    ************
    Please visit our guests, authors of The Startup Lexicon:

    Ken Valledy
    https://www.linkedin.com/in/kenvalledy/

    Eamonn Carey
    https://www.linkedin.com/in/ecarey/


    http://www.thestartuplexicon.com/

    Purchase a copy today: https://tinyurl.com/yrsan2ys

    *********

    Visit Global Legal Law Firm
    https://www.globallegallawfirm.com/

    A payments podcast of Global Legal Law Firm

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    1 hr and 10 mins
  • Career Switch to Payments Success: Eric Andrade & Brian Beth's Journeys with Bankcard USA | PEP033
    Sep 17 2024

    Ever wondered how a career switch can lead to unprecedented success? Tune in to our latest episode of the Payments Experts Podcast to hear the incredible journeys of Eric Andrade and Brian Beth from BankCardUSA. These industry veterans reveal how mentorship guided them from unexpected backgrounds—Eric from a drug rehabilitation center and Brian from the family liquor business—into the dynamic world of payments. You’ll also get an insider’s perspective on the niche nature of the payments industry and the critical role that industry conferences like ETA play.

    What sets BankCardUSA apart in a competitive market? Discover their secret sauce: a "white glove treatment" for merchants that redefines exceptional customer care. We break down the structure of merchant fees and uncover the lucrative residual income potential for agents, making compelling comparisons to the insurance industry. Learn about the common pitfalls merchants encounter with companies like Square and get clarity on the MATCH list misconceptions. Eric and Brian share invaluable tips on navigating these challenges, ensuring merchants can thrive and maintain smooth payment processing.

    Curious about what's next in payment technology? We discuss the critical importance of transparent communication and immediate response times, especially for merchants in crisis. Hear about the hurdles high-risk businesses face and the innovations on the horizon aimed at reducing costs and streamlining processes. From outdated Mastercard match rules to the complexities of integrating with major processors, this episode sheds light on the evolving landscape of payment technology and offers a hopeful outlook for the future. Don’t miss this action-packed episode filled with expert advice, industry secrets, and forward-thinking insights!

    Visit us today: https://www.globallegallawfirm.com/

    A payments podcast of Global Legal Law Firm

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    34 mins
  • Tackling Fraud and Chargebacks in High-Risk Sectors with Anthony Dominguez of AMP Payments | PEP032
    Sep 10 2024

    Discover the surprising world of Bitcoin's early adopters and their unconventional use cases! From car dealerships to strip clubs, we uncover the intricate issues of chargebacks and fraud in these sectors. This episode features a special guest, Anthony Dominguez from AMP Payment Systems, who shares his unique Airbnb investment strategy and the recent changes in Airbnb's payment system. We also dissect the murky waters of junk fees in payment processing, particularly the complexity of interchange rates that merchants face.

    AMP Payment Systems' innovative approach to merchant services is a game-changer. Anthony elucidates their mission to provide flexible, solution-oriented services for both low and high-risk accounts. We tackle the unique challenges faced by merchants on the TMF list and AMP's commitment to tailored solutions. Post-COVID, the credit card processing industry has evolved, and AMP's adaptability is highlighted. This episode dives into the criteria AMP considers when forging partnerships, emphasizing the necessity for flexibility and innovation.

    High-risk merchant accounts, the future of cryptocurrency payments, and the importance of trust in business form the crux of our discussion. Anthony shares a personal journey from the mortgage industry to payments post-2008 market crash, underscoring the sector's unpredictability. We explore the potential resurgence of crypto under different political landscapes and why widespread adoption remains challenging. Finally, we shine a spotlight on AMP's mission to support businesses with dedicated customer support and strategic solutions, making this episode a must-listen for anyone interested in the payments landscape.

    Visit our friends over at AMP Payment Systems: https://amppaymentsystems.com/

    Visit Global Legal Law Firm:
    https://www.globallegallawfirm.com/

    A payments podcast of Global Legal Law Firm

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    35 mins

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