Is the Future of Fintech People-Focused Payments?
Presentation Description
The only constant in any industry is change, but it’s particularly applicable to Payments. Understanding how the industry is changing is vital to future-proofing your organization. In this session, Barry will discuss key principles of what will make up the future of fintech.
Introduction: Payments are backbone of fintech. Key principles of people-focused payments:
Conclusion: When you put all these together, you get “unified payments”; that’s the future of fintech.
Introduction: Payments are backbone of fintech. Key principles of people-focused payments:
- Pain-free Payments: Customer expectations of ease continue to rise. If things aren’t easy, people abandon quickly. How seamless is payments…really?
- Payments with Purpose: Let’s redefine the word “payments.” Payment = money + data. They must be connected. One w/o the other doesn’t work
- Pliable Payments: Money has changed in form over the years…yet we still have most forms. Which wins? It shouldn’t matter to most businesses.
- Protected Payments: While technology continues to push payments forward, the one constant in payments is trust.
- Payments with Partners: Gone are the days where one company can do it alone. Payments is an ecosystem and that’s even more true today.
Conclusion: When you put all these together, you get “unified payments”; that’s the future of fintech.
Barry McCarthy Biography
Barry McCarthy is President and CEO of Deluxe Corporation (NYSE: DLX). He is only the ninth CEO in the company’s proud 106-year history and is leading the transformation from a legacy check printer into a Trusted Payments and Business Technology™ company. Barry is also a member of the Deluxe Board of Directors. For more than 100 years, Deluxe customers have relied on the company’s solutions and platforms at all stages of their lifecycle, from start-up to maturity. Deluxe supports approximately 4 million small businesses, over 4,000 financial institutions, hundreds of the world’s largest consumer brands, while processing more than $2.8 trillion in annual payment volume.
Prior to joining Deluxe, Barry spent 14 years at First Data Corporation (formerly NYSE: FDC; now part of FiServ, NASDAQ: FISV), where he ran most of the company’s businesses globally at different points in his tenure. Most recently he was Executive Vice President and Head of Network and Security Solutions, a $1.5 billion division, one of three publicly reported segments where he accelerated organic revenue growth while expanding margin more than 1000 basis points.
Barry has an extensive track record of developing and delivering innovative tech-driven solutions for financial institutions and small businesses. He was the leader of the historic First Data – Apple collaboration that launched ApplePay, and with Google on Google Wallet and Android Pay. He was responsible for the creation of the First Data line of point-of-sale terminals that shipped more than 3 million devices creating billions of dollars of new, organic revenue. This work was the precursor to the launch of the company’s revolutionary Clover platform. At Verisign, he repositioned and grew their payments business leading to its acquisition by PayPal. He created a Silicon Valley micro-payments company, MagnaCash, that cost-effectively aggregated multiple low value purchases into a single transaction, just like iTunes checkout today.
Born and raised in the Chicago area, Barry has been a corporate nomad having lived or worked in 10 different metro areas throughout his career. He earned an MBA from the Kellogg School of Management at Northwestern University and was an undergraduate at the University of Illinois, Champaign.
Prior to joining Deluxe, Barry spent 14 years at First Data Corporation (formerly NYSE: FDC; now part of FiServ, NASDAQ: FISV), where he ran most of the company’s businesses globally at different points in his tenure. Most recently he was Executive Vice President and Head of Network and Security Solutions, a $1.5 billion division, one of three publicly reported segments where he accelerated organic revenue growth while expanding margin more than 1000 basis points.
Barry has an extensive track record of developing and delivering innovative tech-driven solutions for financial institutions and small businesses. He was the leader of the historic First Data – Apple collaboration that launched ApplePay, and with Google on Google Wallet and Android Pay. He was responsible for the creation of the First Data line of point-of-sale terminals that shipped more than 3 million devices creating billions of dollars of new, organic revenue. This work was the precursor to the launch of the company’s revolutionary Clover platform. At Verisign, he repositioned and grew their payments business leading to its acquisition by PayPal. He created a Silicon Valley micro-payments company, MagnaCash, that cost-effectively aggregated multiple low value purchases into a single transaction, just like iTunes checkout today.
Born and raised in the Chicago area, Barry has been a corporate nomad having lived or worked in 10 different metro areas throughout his career. He earned an MBA from the Kellogg School of Management at Northwestern University and was an undergraduate at the University of Illinois, Champaign.