Aeropay

Help us give a warm welcome to Scott Cunningham, our new Enterprise Sales Director! Scott has over a decade of experience in sales and business development. He’s passionate about solving the inefficiencies in U.S. payments, one client at a time. Here’s what Scott said about joining the team: “I have great memories of working with Aeropay to help establish their first aggregation provider. It’s amazing to see how far the company’s come — building a proprietary bank linking solution, expanding industries, and growing a solid customer base. I’m thrilled to be part of the journey again and contribute to our future growth.” Welcome, Scott! 👋 #hiring #welcome

Did you know?! Account-to-account (A2A) payments are a perfect fit for the rental industry. 🏠 ACH rent payments powered by A2A providers will completely disrupt the old way of collecting rent. Here’s how...👇 Before: Landlords had to choose between; — manual processes (cash & checks),  — high fees (cards), or — risks and limitations (peer-to-peer payments).  Now: A2A solutions enable ACH rent payments that; — don't require bank or routing numbers, — don't require card numbers, — charge zero interchange fees (to landlords or tenants), and — can guarantee recurring, on-time payments (with no risk of returns). See how simple and effective collecting rent can be. Check out the article in the comments!  Bonus: Follow us for upcoming advice and information to improve rent collection processes. #propertymanager #rental #achpayments

A report from Deloitte revealed only 1 in 3 U.S. consumers currently feels "in control" of their financial data. Open banking seeks to address this sentiment, among other gaps in U.S. banking, payments, and financial services. So, what can be expected as open banking takes effect in the United States? 1. The “open banking rule” is set for approval this fall → Section 1033 of the Dodd-Frank Act, set forward by the Consumer Financial Protection Bureau, should take effect in Fall 2024. 2. Financial institutions aren’t expected to adopt open banking right away → The compliance timeline varies based on the size of the FI, ranging from 6 months to 4 years. 3. U.S. open banking will be an industry-driven initiative → Unlike the government-led directives in Europe (PSD2), the U.S. will take an industry-driven approach to open banking. → This allows the market to determine open banking standards, with guardrails from the CFPB. 4. Adoption of API standards from the Financial Data Exchange (FDX) → The U.S. is expected to adopt open banking API standards set by FDX. → Adoption of FDX standards ensures the U.S. open banking ecosystem is both secure and interoperable, providing clear protocols for seamless data sharing. ______________________ How is Aeropay involved with open banking? Aeropay has proudly taken leadership and subsequently influenced the FDX task force on UX for data aggregators. Through UX research, user testing, and collaboration with influential players in financial data access, we’ve created recommendations for ideal user experience as a new standard to be set for all data aggregators and data providers. Partnerships between Aeropay and FDX ensure emerging open banking products are in line with the trajectory of U.S. regulations and data protection requirements. Aeropay’s mission is to embrace the future, not get stuck in the status quo. We're focused on complying with 1033 and FDX standards to balance access alongside responsible data management. Get the full story on open banking in the U.S. in our latest guide: https://lnkd.in/gnXXJ48s #openbanking

👋 Welcome, Trisha Doran — she's joining the Product team as Staff Product Manager! Trish has extensive experience in payments, previously working at GoFundMe, Rvvup, and PayPal. Trish is experienced, excited, and highly energetic — we’re thrilled to have her!  #welcome #hiring

🌐 Open banking | What is it and why's it important for the United States? (Swipe below for visual explainers)... 𝐎𝐩𝐞𝐧 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐢𝐬 𝐚 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐦𝐨𝐝𝐞𝐥 that enables consumers to securely share financial data with third-party providers (TPPs) via APIs. 𝐎𝐩𝐞𝐧 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐜𝐫𝐞𝐚𝐭𝐞𝐬 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐢𝐳𝐞𝐝 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫𝐦𝐚𝐭𝐬 and secure communication protocols for financial institutions and TPPs. ⤷ This levels the playing field for third-parties to integrate with any and all financial institutions under uniform rules, regulations, and technical standards. 𝐎𝐩𝐞𝐧 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐰𝐢𝐥𝐥 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐳𝐞 US financial data and money movement. ⤷ The open banking model empowers US consumers as true “owners” of their data, providing them greater transparency and control. ⤷ It also sparks a democratization of data accessibility for merchants and financial service providers, driving competition and innovation in the sector. #openbanking

Cannabis industry friends, who will I see at PBC Conference this week? I'll be there talking cannabis payments and Aeropay’s role in compliant, streamlined cashless transactions. Send me a DM if you're attending. Very excited for this event!

My top 7 FinTech News Updates you don't want to miss today: Did I miss an update? Drop it in the comments👇 1️⃣- Zip Co in Talks With Apple for U.S. Buy-Now-Pay-Later Integration 2️⃣- Aeropay targets pay-by-bank evolution in US 3️⃣- ACI Worldwide and Mexipay® extend partnership to boost instant payments adoption in Mexico 4️⃣- Sweden's Klarna says AI chatbots help shrink headcount 5️⃣- Aquanow and Zodia Custody enter strategic partnership 6️⃣- Immigrant-focused neobank Comun secures $21.5M in new funding just months after its last raise 7️⃣- Flutterwave expands African footprint with Ugandan payments licence Read the complete newsletter for more news updates, insights and the best #fintechreport below👇 This newsletter also includes: Gabriel Grisham, MBA, PayQuicker, The Financial Revolutionist, Cynthia Scott, CPI Card Group, Rippleshot, Liberis, Sezzle, Beyon Money, BR-DGE, Vibe, Aghanim, Adyen, Sensedia, Sumsub, Advapay, ICT Misr, Linker Finance (TS F23), Creattura, Summit Partners, Vista Equity Partners, Trintech, and more! Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #digitalpayments #openbanking #regtech #blockchain #bankingtech #digitalbanking #neobank #challengerbank #digitalbank #openfinance #fintechnews 

💬 “Daily Fantasy Sports is an around-the-clock passion, Aeropay helps ensure we are meeting these needs on a 24/7, 365 basis.” — Tom Rundle, CEO at Dabble We're proud to support Dabble's US expansion! 🌎 Dabble's Daily Fantasy "Pick 'Em" combines social media elements with daily fantasy, allowing players to copy, comment, or collaborate on community lineups. With 1m+ global users and operations in 25 states, Dabble integrated Aeropay’s Instant Payouts to enable safe, real-time withdrawals directly within their app. The results? Since their fall 2023 US launch, Dabble has: 💰 Processed over $2 million in payouts via Aeropay ⚡ Delivered 60% of those payouts instantly through the RTP network ✅ Averaged a 98% successful player bank connection rate Learn more about how Dabble + Aeropay encourages players to collect winnings quickly and keep playing (🔗 in comments)! #gaming #payments

Thanks Lynne Marek and Payments Dive for featuring Aeropay and our role in the next generation of US payments. Pay-by-bank outperforms cash, checks, and debit card payments, offering; — lower merchant cost, — faster processing, — durability, — reliability, — and more. We’re simplifying money movement to solve the inefficiencies in American payment systems. It’s not just a mission, we’re taking action — working with Federal Reserve officials and industry professionals on initiatives like the Chicago Payments Forum. The ultimate goal is to build a new network that will be more cost-effective and efficient for merchants and consumers. It’s a tall order, but I'm confident we're on the right track. Read the full article in the comments. #payments

For #payments nerds, pay-by-bank is a hot topic, and that's because it has such potential, but also hasn't become very visible in the real world. Enter Aeropay, one Chicago #fintech that's trying to make account-to-account payments more available in cannabis sales, on gaming apps, for rental apayments and, eventually, at more retailers. The company's CEO, Daniel Muller, isn't just aiming to build a new network, he's trying to collaborate w/ Federal Reserve System officials and other industry players to usher in a new era for payments. Read about Muller's efforts here, and see what Rocio Wu and Peter Tapling have to say about it: https://lnkd.in/gkjx6ruE