About this Event

Event Description

In today’s rapidly evolving financial landscape, higher-risk industries like cannabis, gaming and others face unique challenges in managing payments securely, compliantly and efficiently. Traditional open loop card networks continue to prohibit or restrict many of these industries, which is one of the many reasons why closed loop payments and digital wallets are growing at an annual growth rate double that of open loop cards.

Financial institutions are at the center of these emerging closed loop payments solutions for banking, payment sponsorship and funds clearing and settlements.  But just as important, closed loop payments put financial institutions in control of the risk tolerances and types of industries they choose to serve completely independent of traditional card networks. These closed loop payments solutions enable seamless, cashless transactions within a private, self-contained network—offering significant benefits for banks, businesses, and consumers alike.

This webinar will help financial institutions have a deeper understanding about the different types of closed loop payments, risks and opportunities, along with several use case examples. Finally, institution attendees can uncover the ever-growing participation opportunities associated with closed loop payments and digital wallets.

Specific Areas Covered

  1. Introduction to Closed Loop Payments, payment types, stakeholders, and funds flows.
  2. Understand the problems Closed Loop Payments is solving – coupled with compliance benefits
  3. Real-Time Payments/FedNow and how they’re intersecting with digital wallets and closed loop payments
  4. Understanding the common payment acceptance ‘workarounds’ and their risks
  5. Key banker concerns, roles & responsibilities
  6. Why now is the time for financial institutions to expand into closed loop payments


Take-aways

  • 5 top use cases for high risk Closed Loop Payments (& some low risk ones too)
  • Top 7 reasons why consumers are adopting digital wallets at double digit annual growth rates
  • 5 lucrative opportunities for financial institutions in Closed Loop Payments


BONUS MATERIAL

Roadmap for specific steps every financial institution should take to evaluate, analyze and strategize on participating in closed loop payment opportunities

Webinar Date/Time

March 5, 2025
1:00 - 2:00 pm ET

$149 Includes Playback without Expiration

Enroll Today!

Instructor(s)

Andre Herrera

Juno - Chief Compliance Officer

Andre G. Herrera is a seasoned professional with over 32 years of experience in banking, compliance, payment solutions, and technology management. Mr. Herrera oversees all matters of compliance for the organization providing banking, compliance, and payment expertise to the company. His core competencies include the implementation and administration of merchant credit card processing programs and significant programs involving ACH, debit cards, credit cards, co-branded and stored value products. Mr Herrera has consulted and implemented payment technologies and compliance solutions both domestic and international. Formally a bank CIO, he was responsible for the implementation and administration of secure systems in the highly regulated banking industry. He has planned, researched, and placed in production all banking technologies and proprietary systems necessary to run a financial institution. He has performed and managed complex projects involving large-scale conversions and data migrations as well as the implementation of new products and services. Andre’s technical background coupled with his effective communication skills has shown proven performance in the industry. Considered an expert in banking challenging industries, he is frequently asked to speak at banking conferences and seminars providing insight and expertise, and has educated over 10,000 bankers in how to provide financial services to high risk verticals.

Dana Chaves

FinResults - Business Development Executive

At FinResults, our team has pioneered strategic business development with a focus on leveraging data analytics to drive smarter, faster, and more profitable solutions for our clients. My role as Chief Strategic Officer encompasses spearheading initiatives that enhance customer experiences, ensure regulatory compliance, and eliminate inefficiencies. With my insight and experience, we've transformed complex, data-intensive challenges into opportunities for growth, setting industry benchmarks in the process. My expertise in business development and customer relationship management has been instrumental in developing new business avenues and fortifying lasting client partnerships, contributing to the sustainable success of our organization.

Todd Fuller

President - FinResults

30+ year leader, entrepreneur and veteran in the payments, banking and FinTech industries. Specialize in helping financial institutions and FinTechs learn how to better monetize payments-related strategies in today’s digital economy. This includes merchant processing & acquiring, 3rd party sponsorship strategies, FedNow/real-time payments, enhanced compliance for higher risk verticals, cannabis and MSB banking, customer acquisition, referral network creation, indirect sales channels and more. Founded a payments industry sales & marketing company with successful exit after 14 years. Joined a leading ecommerce-focused FinTech payment processor and acquirer and helped take that company public on NASDAQ. Have sold and consulted payment solutions to thousands of SMB companies, Fortune 1000, retail, B2B/wholesale, ecommerce, municipalities, mobile/app, delivery, digital, high-risk, and more. With the combination of commercial banking, FinTech, payment processing, ACH, real-time rails/RTP, card issuing open/closed loops, and full end-to-end back-end clearing and settlement experience, this results in a vast and unique expertise for the entire payments ecosystem.