Innovative Payments Association
  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG
    • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp
Member Login   |   Join the IPA
Member Login   |   Join the IPA

Blog

Collaboration and Innovation with our Partners Across the Pond

9/26/2018

 

Last week I was very fortunate to attend the Prepaid International Forum (PIF) in the United Kingdom. I was invited by Craig James, PIFs Chairman, and his colleague Diane Brocklebank, PIF’s Commercial Director. Craig is the Founder and CEO of Neopay and is an NBPCA Board Member.

Brian and Craig

Now that we have gotten all the titles and acronyms out of the way, simply put, I thorough enjoyed my time at PIF. It was wonderful to be surrounded by experts from the UK innovative payments community. However, I was surprised to learn that the payments community in the U.K. is going through the same transition the innovative payments community is going through in the U.S.

It is clear that in the U.S. and the U.K. innovation is outpacing education. New ideas, innovation, and change in the payments sector is happening at such a rapid pace that products that were just merely concepts five years ago are on now in people’s wallets, phones, or wrists. The burden is on the industry to make sure that all stakeholders: policymakers, media, law enforcement and most importantly – consumers are aware of how our products work, the rules and regulations that are in place today to protect consumers, and there is still more change to come.

IMG_3487.jpg

What is critical for success in the U.S. and the U.K. is a thorough understanding of the regulatory environment of each market. Issuers in each country strive to make sure they have clear disclosures, set clear standards for AML, and know their customers. Which brings me back to PIF’s event last week. PIF is tackling these issues head on and making sure their members are prepared to address the issues that innovative payments industry may encounter now and in the future.

The NBPCA (and eventually the Innovative Payments Association starting in January 1, 2019) looks forward to collaborating with our partners across the pond because I believe that our shared challenges and experiences lends itself to shared learning, which in turn will eventually lead to new understanding on how the payments community can better serve consumers.

We must always keep in mind that only until there is a nexus between consumer education and regulatory understanding can the innovative payments communities in both countries reach their potential.


Comments are closed.

    Archives

    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018

    Categories

    All
    Member Profiles
    News
    Podcast
    Power Of Prepaid
    Prepaid
    Small Business
    Webinar

    RSS Feed

Contact Us   |   Member Resources

IPA

110 Chestnut Ridge Rd, Suite 111
Montvale, NJ 07645
(202) 548-7200
Save The Date 
Innovative Payments Conference​
April 29 - May 1, 2026 

IPA Info

Home
​​About Us
Advocacy
Newsroom​
Contact Us

IPA Resources

IPA News & Events
Payments Podcast
Blog​
​Events


Safe Shopping
Consumer Resources if You've Been Scammed
© COPYRIGHT 2025 ALL RIGHTS RESERVED. | Privacy Policy
  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG
    • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp