22nd Century Payments

Will Payments Processing Become a Commodity?

Wednesday, May 10
9:00 AM - 9:50 AM
Location: Islander H

CE: 1 Credit

Description: Many people speculate that the convergence of cloud computing, mobile technologies and new entrants will relegate traditional payment processors to the role of providers of a commodity. New entrants to the industry, including cryptocurrencies and alternative payments providers, claim to be the future of payments. Will next-generation payments processors operate in the same way as traditional payments processors, or will the new environment create a dramatically different form of payments processing? This presentation will explore the future role of payment processors and merchant acquirers, payments processing technology and the theorized commoditization of payments processing.

Irv Henderson

talech Inc
Palo Alto, California

Irv is the CEO/Co-founder of talech. He is responsible for driving talech’s vision and product development. Irv founded talech out of an interest in helping business owners use data to better run their business – the small data opportunity.

Previously, Irv served as the Vice President of Mobile and Connected tv at Yahoo! and was Vice President of Products at mobile payments startup Obopay. He also served as Director of Mobile Products at InfoSpace Mobile. Irv is passionate about building simple, yet powerful product experiences that are essential to business owners.

Irv holds holds 9 US patents in mobile/mobile payments.


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Brian Mahony

Chief Strategy Officer
Elavon, Inc.
Atlanta, Georgia

As Elavon’s Chief Strategy Officer, Brian Mahony has global responsibility for Strategic Planning, Product & Innovation, and Corporate Marketing. Prior to Elavon, Brian worked as a consultant for Vision Consulting and PricewaterhouseCoopers. In these roles, he helped executive teams refine strategy, and delivered business and technology programs in the finance, entertainment, and high tech business sectors. Brian holds a Bachelor of Engineering from University College Cork and a Master of Business Administration from Emory University.


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David Ades

Executive Vice President, General Manager and Head of Sales,
Bank of America Merchant Services
Toronto, Ontario

David Ades serves as Executive Vice President, General Manager & Head of Sales for North America for Bank of America Merchant Services. In his current role, David oversees all aspects of large corporate client sales, service and retention across the enterprise, including a number of key operational and strategic initiatives in both the United States and Canada. David is a member of the Bank of America Merchant Services Executive Committee, Operations Committee and Strategic Council.

Prior to his current role, David served as Country Manager for Canada for Bank of America Merchant Services, playing a key role in organizing and launching the Canadian operations.

Most recently, David held the position of Chief Revenue Officer for Plastiq, a Boston-based online payment solution provider where he managed all aspects of sales, pricing, marketing, strategy, client outreach and general distribution. Prior to this, David served as the Senior Vice President of Sales and Marketing at Moneris Solutions Corp., a joint investment between RBC Financial Group and BMO Financial Group - the fifth largest processor in North America. An original member of the Canadian Executive Team, David played a key role in the strategic formation, growth and direction of the company for over 10 years.

As a 20-year veteran of the payments industry, David has extensive experience in financial services and high-tech industries in both the United States and Canada.

As a bilingual native of Montreal, David earned his B.A. Degree from Concordia University.


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Rushi Patel

San Francisco, California

Rushi Patel is a co-founder of Homebase, a leading modern labor management software platform used by over 60,000 businesses. Prior to Homebase, Rushi spent eight years at the private equity firm KKR working on a variety of investments including First Data and two years at McKinsey & Company. Rushi graduated with honors from the University of Texas at Austin.


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Abizar Vakharia

VP, Global Solutions

He joined Verifone in March and is based in San Jose. Abizar is a highly accomplished global technology leader with more than 20 years’ experience with Fortune 500 companies, including Hewlett-Packard, Microsoft Corporation, Dell and Sony Ericsson. Most recently, he led product management and design initiatives at Amazon. Abizar holds a Bachelor of Science degree from the University of California, Irvine and an MBA from Northwestern University.
Attached is his headshot.


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Will Payments Processing Become a Commodity?

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