How to Leverage Open Banking for Consumer Payments

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Description

Consumer preferences are constantly shifting and merchants are looking for new payment methods to meet demand and protect their revenue. Trustly will provide insights on how alternative payment methods like Open Banking Payments can satisfy today's consumer needs and drive merchant value globally.

Learning Objectives:

1. Alternative payment methods (APMs) offer unique benefits and solutions to the challenges traditional card payments present for both merchants and consumers. Learn what alternative payment methods are, why they’re growing in popularity, and how Open Banking Payments can act as a viable and secure APM for businesses and shoppers.

2. Growing reliance on eCommerce transactions is also accompanied by increased opportunities for fraud. Merchants will leave this session with strategies to minimize fraud risk and reduce costs.

3. The growth of eCommerce transactions also coincided with a shift from credit to debit but accepting cards alone can present issues for both merchants and consumers. In this session, learn when APMs are a necessity during the debit era and how Open Banking Payments can help to fill gaps in the space.

Contributors

Eric Foust |VP Banking Partnerships - Trustly, Inc.

Eric Foust is the VP of North American banking Partnerships at Trustly. In his role, he is focused on establishing partnerships with banks to support payment origination, data sharing, and open banking concepts. In addition, he is responsible for leveraging faster funds payment rails to promote the best experience for merchants and consumers.

Eric has been in various banking roles for the past 20 years including Treasury Management, Product Management, Relationship Management, Innovation and Network Strategy. Prior to joining Trustly Eric was with Early Warning Services and helped launch the Zelle Network, built Zelle Disbursements, and led the integration of RTP in the Zelle Network.
Ross McFerrin | VP Enterprise Growth - Trustly, Inc.

Ross is a FinTech and Payments veteran with 15 years of experience driving innovation and disruption in payments for financial institutions, billers and enterprise merchants. Ross also represents Trustly as a member of the Faster Payments Council. Prior to Trustly, Ross held leadership positions at Wirecard North America, formerly Citi Prepaid, as well as MoneyGram International and began his career at First Data. Ross attended Creighton University for his Masters of Business Administration and graduated from Central College with a bachelor's degree in Communication Studies and Business Management.

Thank you

Description

Contributors

Eric Foust |VP Banking Partnerships - Trustly, Inc.

Ross McFerrin | VP Enterprise Growth - Trustly, Inc.