Welcome Payments Enthusiasts!

I'm Patti Hewitt, otherwise known as Paymentgal and I welcome you to enter the world of payments.  My entire professional career has been devoted to this industry and I'm keen on  sharing my knowledge, insights, and resources with payments-friends, colleagues, and clients.

I founded KEENonPayments as a community devoted to supporting independent payments professionals and fellow payments experts through knowledge, support, resource and opportunity-sharing.  Certain areas of this site are for members only, but it's quick, easy, and free to sign up.  Just click on the link in the upper right hand corner of the screen and you're in.

This site is also a forum where I share my opinions on what's happening in the payments industry through my Paymentgal Blog. 

Finally, if you want to learn more about my research and consulting services, just click on the PG Research tab in the menu. 

I have designed this site to be of value to the payments community at-large.  I welcome and encourage your participation. 

Thanks for sharing freely!

 

 

Free Weekly Payments News Recap

Blog

The Little Fintech Bank Charter that Could(n't)

Posted by Patti Hewitt on October 23, 2019 at 11:28am

This week, the U.S. District Court for the Southern District of New York ruled that the OCC did not have the legal authority to grant a bank charter to an entity not eligible for federal deposit insurance.  In other words, only banks can get a bank charter.  Thus speaks the National Bank Act signed into law in 1863, as well as the Glass-Steagel Act which created the FDIC, signed…

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Apple Card is About Apple, Not Credit

Posted by Patti Hewitt on September 27, 2019 at 12:58pm

Currently, I'm working on a presentation for an issuer group who asked me to help them better understand the Apple Card.  Looking forward to presenting my ideas in more depth, but for this blog I just want to leave you with one thought:  It's not about the credit.

Yes, Apple is looking to penetrate its iPhone user base to the deepest extent possible.  Appealing to the masses, the panache (however temporary) of having an Apple Card can't be denied.  The app is slick, the experience is…

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Faster Payments, Faster Fraud, and The Power of Profitability

Posted by Patti Hewitt on July 25, 2019 at 10:43am

Somewhere around 1972, a group of banks in California created the first ACH scheme.  Since then, this incredibly durable transaction type has established itself as the bedrock of inter-bank money transfer in the United States.  Its ubiquitous reach and user familiarity combined with an ultra-low external cost of acceptance resulted in ACH attracting many well known fintech solutions including PayPal and Zelle among others.  However, this popularity also attracts fraudsters.  Like any other…

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