Innovative Payments Association

A recent Center for Responsible Lending report on earned wage access (EWA) paints an incomplete picture. While the direct-to-consumer model might have drawbacks, employer-based EWA offers a valuable tool for many workers. Here's the reality: EWA allows access to a portion of already earned wages before payday, reducing reliance on expensive payday loans and overdrafts. Research by the Innovative Payments Association shows that 63% of EWA users with employer-based models report using payday loans less often. But don't just take our word for it. A recent Financial Health Network study quote perfectly captures EWA's value: "I have tried payday loans, credit cards, car title loans ... Getting advanced wages I have earned through my employer is actually the safer alternative." EWA is a game-changer for many, providing a safety net for vulnerable consumers facing income volatility. Unlike predatory payday loans, EWA allows access to already-earned wages without incurring high fees or interest. An incomplete analysis of EWA could lead to regulations that harm consumers by limiting access to this valuable tool. Let's have a full conversation about EWA. One size doesn't fit all, and employer-based EWA can be a financial wellness benefit for many workers. For additional information, read Ben Jackson's lastet blog post https://lnkd.in/gNQg2juK #FinancialInclusion #EarnedWageAccess #FinancialLiteracy #ConsumerChoice

As 2024 winds down, the payments industry faces a pivotal moment of change. The results of the recent election will influence regulations, but the actions of the current administration will continue to leave their mark on the future. In the latest episode of the IPA Payments Pod, Ben Jackson, IPA’s COO, and Brian T. Tate, IPA’s CEO, delve into: ▶️ Changes to congressional banking committees, ▶️ Ongoing legal battles that could reshape the industry, and ▶️ The lasting impact of rules finalized today. Their discussion offers valuable takeaways to help you navigate the transitions ahead. Listen to the podcast at www.ipa.org/podcast #InnovativePayments #PaymentsIndustry #RegulatoryUpdates #Podcast

With Rep. French Hill (R-AR) stepping into the role of chair for the House Financial Services Committee, the payments industry has reason to take note. His past remarks at the IPA’s 2019 annual conference and recent statements offer valuable clues about the Congressional agenda moving forward. Key priorities include: ▶️ Data aggregation, privacy, and breach notification ▶️ Developing faster payment systems ▶️ Streamlining compliance ▶️ Supporting fintech-bank partnerships New topics like cryptocurrencies and AI’s impact on financial services are also expected to take center stage. Importantly, Rep. Hill’s focus on bipartisan solutions creates an environment where innovation and consumer protection can thrive. Learn more about what this could mean for the payments industry in our latest blog post. https://lnkd.in/edb7yDxv

Don’t miss the biggest savings and an exclusive bonus for the 2025 Innovative Payments Conference in Washington, DC! Register by December 31, 2024, and unlock: ✅ A FREE ticket to the 2025 Compliance Bootcamp in Chicago! ✅ Gain CLE credits and hands-on expertise to navigate today’s complex fintech compliance landscape. Here’s why you should register before the year ends: ✅ Get the lowest rate for IPC 2025 ✅ Claim your free Bootcamp ticket ✅ Reserve your spot at the premier payments event of the year Start 2025 with innovative insights, valuable connections, and industry-leading knowledge. Act now—time is running out! ▶️ Register today to lock in your early bird benefits. https://lnkd.in/eQ4_QEsc

Congratulations to Rep. J. French Hill on your new House Financial Services Committee Chairman role! 🎉 We look forward to working with you in this important capacity and continuing our shared efforts on key financial services issues. Having you speak at our 2019 conference was a pleasure, and we’re eager to collaborate with you in the new year and beyond.. Wishing you the best in this new role! #FinancialServices #Leadership #Congress #RepFrenchHill #Collaboration #Policy

The FDIC’s latest proposal on brokered deposits could have far-reaching implications for fintechs, banks, and the payments industry. Understanding the details is critical for navigating potential challenges and seizing opportunities. We’ve broken down the key points and what they mean for the future of innovation and regulation in financial services. Read IPA CEO Brian T.'s full analysis here: https://lnkd.in/g3Cm-hjh #Fintech #Payments #Banking #FinancialServices #Regulation #Innovation #BrokeredDeposits #FDIC

The Innovative Payments Association is thrilled to welcome Vixio Regulatory Intelligence as our newest member! As a global leader in regulatory technology, Vixio empowers businesses across 180+ jurisdictions with actionable insights, helping them navigate compliance challenges, uncover opportunities, and make informed decisions. Together, we’re advancing the payments ecosystem by fostering collaboration, innovation, and security. Learn more about this exciting partnership and how it strengthens our mission to empower the electronic payments sector: https://lnkd.in/g7ZcYn8J #InnovativePayments #RegTech #Collaboration #PaymentsInnovation #IPACommunity

Are you ready to elevate your expertise and lead the way in payments innovation? Join us at the IPA's 2025 Innovative Payments Conference in Washington, DC, for unparalleled insights, networking, and leadership opportunities. ✨ Early Bird Bonus Perk: When you register by Dec. 31, you’ll receive a complimentary ticket to the 2025 Compliance Bootcamp in Chicago! Here’s why you can’t miss this: ✅ Gain hands-on training to navigate today’s complex fintech compliance landscape. ✅ Earn valuable CLE credits. ✅ Lock in the lowest IPC rate while securing this incredible bonus offer. Don’t wait—spaces are limited, and this bonus won’t last! Register Now to claim your early bird benefits and secure your spot at the most important payments event of the year. https://lnkd.in/gdJnpb3e See you in Washington, DC! #InnovativePayments #Fintech #ComplianceTraining #CLE

Reflecting on an eventful year, we’re thrilled to share the Innovative Payments Association’s 2024 Annual Report! This year, we’ve made incredible strides in advocacy, regulatory engagement, and industry leadership, all aimed at fostering growth and innovation in the payments industry. From meaningful discussions on regulatory changes to expanding key initiatives like Summer of Learning and Compliance BootCamp, 2024 has been a year of impactful progress—all thanks to your continued support. Discover our key milestones and get a sneak peek at what’s ahead in 2025! 👉 Read the IPA's Annual report: https://lnkd.in/ei6DbqUW Thank you for being an essential part of our community. We’re excited to keep collaborating and driving innovation in the payments industry together in the year ahead. #AnnualReport #PaymentsInnovation #RegulatoryEngagement #Advocacy #Education

In our latest podcast episode, we're diving into a game-changing shift in the payments landscape: Pay-by-Bank—a revolutionary way for consumers to pay directly from their bank accounts, no card required. Join Ben Jackson as he talks with Ross McFerrin, Vice President of Enterprise Growth at Trustly, about how this innovation is transforming e-commerce and in-store transactions alike. In this episode, we explore: 🔹 What Pay-by-Bank is and how it works 🔹 The key benefits for banks, merchants, and consumers 🔹 How this trend could reshape the future of payments Whether you're a fintech leader, banker, or retailer, this is a conversation you don’t want to miss! Listen now and stay ahead of the trends driving the future of payments: www.ipa.org/podcasts #InnovativePayments #PayByBank #Fintech #PaymentsInnovation #Banking #Ecommerce #SecurePayments #FutureOfPayments