Innovative Payments Association

Will you be at Fintech Meetup? Take a moment to meet our CEO Brian T.

Congratulations to Rodney Hood on his new role as Acting Comptroller of the Currency! The U.S. Department of the Treasury has appointed Mr. Hood to lead the Office of the Comptroller of the Currency (OCC), effective today. His leadership in financial regulation is well recognized—having twice been confirmed by the U.S. Senate to serve on the National Credit Union Administration (NCUA) Board, where he made history as the first African American to chair a federal banking regulatory agency. In addition to his extensive regulatory experience, Mr. Hood was a featured speaker at the Innovative Payments Conference in 2022 (pictured with our CEO Brian T.), where he shared insights on the evolving financial landscape. His commitment to financial stability and inclusion is evident through his service on the Financial Stability Oversight Council as NeighborWorks America Board Chairman and Vice Chairman of the Federal Financial Institutions Examination Council. #Leadership #BankingRegulation #FinancialStability #RodneyHood

Ben Jackson, COO of the Innovative Payments Association (IPA), explores why compliance should be seen as a strategic tool rather than a burden. For fintechs, regulatory shifts aren’t just obstacles—they’re opportunities. The recent wave of regulatory changes, from open banking mandates to expanded Regulation E coverage, is reshaping how banks and fintechs collaborate. Some may anticipate deregulation, but history suggests compliance will remain a priority. Rather than viewing compliance as a box to check, smart fintechs are leveraging it as a framework for innovation, risk management, and stronger partnerships. Open communication between banks, fintechs, and service providers is now essential—not just to avoid penalties, but to build trust and resilience in an evolving financial landscape. Read the full article @ https://lnkd.in/eV8Qz4Qv #Fintech #RegulatoryCompliance #BankingInnovation #OpenBanking

The Innovative Payments Association announces its 2025 Board of Directors representing the electronic payments sector. Board members provide strategic guidance to the IPA and support the association’s mission to empower consumers and represent the industry before legislative and regulatory bodies. Please help us welcome this year's executive team: Chairman: Alicia Westhoff Reid, Associate General Counsel, VP U.S. Bank Vice Chair: Dane James, Head of Sales, Discover Network Solutions Treasurer: Joan Herman, EVP, Operations, Paysign Secretary: Amy Lauck, Deputy General Counsel, Pathward We also are guided by members, observers, and advisors listed in the full press release, which you can read @ https://lnkd.in/ezEynWAr

The Trump administration’s efforts to reshape Washington are creating ripple effects across industries – and the payments sector is no exception. One of the most significant changes? Reports indicate that Elon Musk's team now has access to key Treasury payment systems, raising crucial questions around competition, security, and the future of government payments. In the latest episode of the IPA Payments Pod, Ben Jackson and IPA CEO Brian T. dive into: ✔️ What Musk’s X Money Account could mean for federal payments ✔️ The privacy and security risks of this unprecedented access ✔️ How changes at the CFPB could shape future regulations This fast-moving story could have major implications for how payments are made and regulated in the U.S. Tune in now for expert insights! www.ipa.org/podcast #Payments #Fintech #ElonMusk #GovernmentPayments #Privacy #Regulations #CFPB

🚨 55% of Payments Firms Report Being Overwhelmed by Compliance at Least Once a Month—Are You One of Them? As new regulations constantly evolve and enforcement intensifies, staying compliant has become more challenging than ever. Payments organizations are under pressure—are you ready to face 2025 with confidence? IPA Member Vixio Regulatory Intelligence’s latest report, Overcoming the Overwhelm: A Look at Regulatory Burden, offers the tools and insights you need to reduce the compliance strain. 👉 Download your copy here: https://lnkd.in/e-sy7Rw4 Why Vixio? Vixio simplifyies regulatory compliance so you can focus on growth. As a leading RegTech provider, Vixio delivers trusted compliance intelligence across 180+ jurisdictions, helping the world’s top brands: ✅ Anticipate regulatory changes ✅ Minimize compliance risks ✅ Identify new growth opportunities Don’t let compliance challenges slow you down in 2025. Take control today. 

The second Trump administration is here, and the regulatory landscape is shifting rapidly. What does this mean for the payments industry? In the latest episode of the IPA Payments Pod, Ben Jackson and IPA CEO Brian T. Tate dive into key developments, including: ✔️ The regulatory freeze: What’s covered and the potential impact on the industry. ✔️ Leadership changes at the FDIC and CFPB—and what’s still missing. ✔️ The growing focus on crypto regulation: Opportunity or competitive threat? If you’re in the payments space, you don’t want to miss this conversation. Listen now to gain insights on how these changes might shape your business. www.ipa.org/podcast #Payments #Regulation #Crypto #FinancialServices #Leadership #Podcast #Fintech

What can a 2,400-year-old text teach us about modern payment systems? More than you might think! On the Innovative Payments Pod, we’re kicking off our new book series with Plato’s The Republic—a deep dive into governance, justice, and ethical decision-making. As the payments industry evolves, compliance and fairness remain central challenges. Join our CEO Brian T., and COO Ben Jackson as they explore these connections and challenge conventional thinking. We invite you to read along and be part of the conversation! Learn more about this book and our plans for this year’s book club in our latest blog post: https://lnkd.in/eu7iKqeF #Payments #Fintech #Compliance #Ethics #InnovativePaymentsPod

Time is running out to secure your spot at the Innovative Payments Conference (IPC) and take advantage of the Early Bird rate! Register by 5 PM ET on Friday, January 31, to join the payments industry’s premier event. IPC gathers the brightest minds in payments to discuss compliance, legislation, regulation, and innovation. New for 2025: Attendees can participate in pre-conference CLE Sessions, where attorneys and compliance professionals will earn continuing legal education credits while diving into payments technology law. Don’t wait—save now with the Early Bird rate and register today @ www.ipa.org/ipc #PaymentsInnovation #CLECredits #NetworkingOpportunity #InnovativePayments

The Innovative Payments Association (IPA) has submitted a comment letter to the Federal Election Commission (FEC) highlighting the vital role of prepaid accounts in financial inclusion and the robust regulatory framework already governing their use. Prepaid accounts are more than just financial tools—they’re lifelines for millions of unbanked and underbanked Americans, offering secure and accessible ways to manage everyday finances, including making political contributions. Key Highlights: ▶️ Prepaid accounts comply with rigorous BSA/AML requirements. ▶️ Reloadable cards provide transparency and trackability. ▶️ Proposed amendments could unintentionally stigmatize this essential financial tool. To learn more, read our recent blog post and download the full comment letter @ https://lnkd.in/ed6yF9S2 #PrepaidCards #FinancialInclusion #CampaignFinance #Regulations #InnovativePayments