About
Experience & Education
-
Akoya
View Florian’s full experience
See their title, tenure and more.
or
Licenses & Certifications
Publications
-
The Future of Payments is Instant
Akoya and Banked : are exploring joint solutions to better serve both consumers and merchants that want to take advantage of instant payments and pay by bank. Banked’s global expertise (having already gone live with its Pay by Bank : instant payment solution in the UK and Europe) coupled with Akoya’s expansive bank connections and in-market experience can enable a unified payment experience in the U.S.
As of now, two main approaches are being investigated. The first consists of enabling…Akoya and Banked : are exploring joint solutions to better serve both consumers and merchants that want to take advantage of instant payments and pay by bank. Banked’s global expertise (having already gone live with its Pay by Bank : instant payment solution in the UK and Europe) coupled with Akoya’s expansive bank connections and in-market experience can enable a unified payment experience in the U.S.
As of now, two main approaches are being investigated. The first consists of enabling “pre-authorized” Requests for Payment and the second relies on financial institutions providing instant payment APIs (Application Programming Interfaces) directly. In either approach, the combination of the Akoya and Banked networks provides strengthened security to the ecosystem. Read more about the exploration of these two approaches in our most recent joint whitepaper.Other authors -
-
Reduce fraud risk with tokenized account numbers
See publication• The growth of digital payments has led to the broad sharing of private customer account information typically held by financial institutions, which increases the risk of fraud.
• The U.S. has various payment rails (i.e., networks or systems) available to move money from one financial institution to another: ACH, Same Day ACH, wire, and recently, the RTP® network. Fintechs use customer account and routing numbers to move money on these rails.
• Tokenizing account numbers is a solution…• The growth of digital payments has led to the broad sharing of private customer account information typically held by financial institutions, which increases the risk of fraud.
• The U.S. has various payment rails (i.e., networks or systems) available to move money from one financial institution to another: ACH, Same Day ACH, wire, and recently, the RTP® network. Fintechs use customer account and routing numbers to move money on these rails.
• Tokenizing account numbers is a solution gaining momentum across the industry; a token
is a random string of characters that are form-factor preserving credentials that use the same RT and account structure as the real account number it replaces. The Clearing House (TCH) launched Secure • • Token Exchange (STE) to tokenize account numbers in a way that does not alter existing payment authorizations.
• Akoya is the first third-party service provider to utilize STE to tokenize account numbers on behalf of financial institutions and make these tokens available to fintechs and data aggregators.
Honors & Awards
-
Semifinalist in FAEA startup competition with HubRoad
FAEA
-
3rd prize in Chicago Innovation Challenge with HubRoad
Knapp Entrepreneurship Center
Won the 3rd prize of the Chicago Innovation Challenge with our product: HubRoad.
HubRoad manages all of your job applications and coaches you through the whole process. Our solution will make the applying process swift, giving you the opportunity to reach more companies within the same time frame and to be more efficient. HubRoad guides you on the road to employment!
Organizations
-
Sigma Nu Tau
-
- PresentEntrepreneurship Honor Society
Other similar profiles
Explore collaborative articles
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
Explore MoreOthers named Florian Wahl
-
Florian Wahl
-
Florian Wahl
Professor at Deggendorf Institute of Technology & Freelance Data Science Coach and Consultant
-
Florian Wahl
Product Management ABAP Cloud & AI bei SAP
-
Florian Wahl
Gründer App Base Schweiz / Technische Leitung & Mitinhaber bei Pullman Technologies GmbH
34 others named Florian Wahl are on LinkedIn
See others named Florian Wahl