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In this episode Jordan sits down with Rick Lynch and Bart Szypkowski from ChargebackHelp to discuss the new Visa Acquirer Monitoring Program (VAMP) and its implications for merchants and acquirers. They cover the evolution of chargeback programs, the significance of new thresholds for both merchants and acquirers, and strategies for merchants to navigate the changing program as it relates to disputes of all reason codes. The conversation highlights the importance of understanding the differences between acquirers and merchants, the role of technology in dispute resolution, and the future of payment processing. We hope this was helpful in clearing up some of the confusion related to the changing program. If you would like to know how ChargebackHelp can help you with the changes and make you VAMP ready please visit www.chargebackhelp.com to see what they can do for you today! Rick Lych: https://www.linkedin.com/in/ricklynch/ Bart Szypkowski: https://www.linkedin.com/in/bart-s-8b280739/
Kate Lynch, former Wall Streeter, and brother Rick Lynch, a fintech entrepreneur turned bourbon distiller and investor, discuss the bourbon and the Super Premium American Whiskey segment, which grew at a 15.9 percent compounded annual growth rate from 2003 to 2022, and its prospects for continued growth as the bourbon-distilling and drinking trend expands globally. How does one capitalize on this niche investment? They offer a roadmap. (02/2024)
Grab a tea or coffee for this one. We are discussing an insight on Scenario Planning drawing examples from cricket. I came across this interesting article by Rick Lynch and Jay Galeota in the Harvard Business Review Guide on Strategy. It discusses 4 ways to bullet proof your strategy. However, I chose to spend time on the first one on scenario planning. We will cover it's importance, what to consider, and how to practice.Let me know of your thoughts.#strategy #scenarioplanning #whatif #insights Link to the paper: https://hbr.org/2018/10/4-ways-to-pressure-test-strategic-decisions-inspired-by-the-u-s-militaryFollow Hemang Shah at https://www.linkedin.com/in/hemangJoin his FREE newsletter at https://www.innovationsportslife.com/
In his talk, General Lynch shares his personal experience on the power of prayer and the decisions he made throughout his career particularly leading men into combat.
Selling pictures since 7th grade, Rick eventually transformed from illustrator to Art Director, first at Pacific Eye and Ear, A tour of duty at Seineger advertising, then Spiros, which morphed into DAZU, then Going on 30 years at BLT with Dawn and Clive and a team of amazing artists.
In 1977 Clive graduated from the London College of Printing and Graphic Arts (now London College of Communication) with a BA in Graphic Design. The experience he gained in London as a designer eventually bought him to Los Angeles in 1985 so he could pursue a career in the entertainment industry. After beginning at Cannon Films he went on to work at B. D. Fox, Seiniger Advertising (where he met his future wife Dawn), and then DAZU, where he and Dawn worked together with Rick Lynch. In 1992 Clive, Dawn and Rick founded BLT Communications. A creative agency, founded by creatives, run by creatives. It has grown to over 200 passionate artists, strategists, and technologists. Over the last 28 years BLT has created thousands of campaigns for film, streaming, television, and Broadway productions, across print, online, and audio visual. Clive is passionate about playing a broader advocacy role in the arts and education, in particular the nurturing of creative talent. He is a member of the Board of Trustees at the Buckley School in Los Angeles. He participates in the Academy of Motion Picture Mentorship Program. And in 2015 he launched the Clive Baillie Scholarship for Graphic Design which is available to multiple students enrolled on the BA Graphic and Media Design course at London College of Communication
One of the privileges of using a card to make a payment is the ability to dispute that charge should something go wrong. Maybe you ordered one garden rake but got charged for two. Perhaps you ordered a sweater and, as my colleague Allen Weinberg puts it, “got shipped a box of rocks.” Or you discover a charge that you didn’t make on your card account and believe it’s fraudulent. In all those cases, the dispute process involves a chargeback. The cardholder disputes the charge, the issuer credits the customer for the amount of that charge if it’s an obvious mistake or fraud, and, depending upon the chain of liability rules and the type of transaction, one party—the issuer, the acquirer, or the merchant—will have to bear the cost of the chargeback. For merchants, just getting a chargeback message is a cost in the form of a fee paid to its acquirer. How does $5 and (way) up sound? Chargebacks, as a payments cost, are no financial joke. The card system also views the chargeback rate—the percentage of transactions that result in a chargeback—as a leading indicator of poor merchant behavior. Once a merchant’s chargeback rate approaches one percent of its transactions, the merchant’s acquirer or PSP is going to put it on notice. If the merchant doesn’t lower that rate pronto the merchant could lose the ability to accept card payments. The chargeback process is also a cost to issuers who are generally the party first called by the unhappy customer (issuers will often ask the customer if she or he has called the merchant, too). In other words, chargebacks are a result of something going wrong and they can be a costly hassle for everyone because, for many stakeholders, chargeback handling is still dealt with manually. In this Episode 99 of Payments on Fire® we talk with Rick Lynch, VP of Business Development from Verifi, about the impact of chargebacks on merchants and issuers. He updates us on rule changes by Visa and Mastercard. And he addresses the process and techniques needed to handle these post-authorization events. While only mentioned in passing during the episode, Verifi is being acquired by Visa, in another example of expansion by card network operators into adjacent payment ecosystem roles.
Rick Lynch is the senior vice president for business development at Verifi. He got into the payments industry in 1999, and has been innovating in the space ever since. We sat down with Rick on this week’s episode of Payments Innovation to learn more about what Verifi is doing to shake up the industry and equip business owners to take control of their chargebacks. They’re creating post-authorization tools to help reduce risk and loses after the sale by preventing and fighting chargebacks, preventing customer disputes, and any other negative events that happen after the sale. While most of the vendors you see in the marketplace today are really focused on before-the-sale, Verifi is focused on the opposite--and it’s really working out in their favor.
We haven't done a whole lot of work on this show regarding chargebacks or the new approaches to authentication. How does fintech improve the conflict resolution process on credit card payments? Total costs associated with chargebacks can add up to nearly 10 percent of a merchant's total payment costs. A recent report published by Javelin tallied that consumer disputes and chargebacks created $31 billion in financial losses in the US, with merchants bearing nearly $19 billion of those costs. To understand what's happening and what technology can do to improve the chargeback problem, Rick Lynch, senior vice president of business development at Verifi joins me on the podcast. We discuss the issue, the misaligned incentives in the industry, and different approaches to solving the problem
Dedication: Sergeant Gregory Michael Meagher, Richmond County Sheriff's Office, GeorgiaEnd of Watch: Sunday, February 5, 2017Southern Sense is conservative talk with Annie "The Radio Chick" Ubelis, as host and "CS" Bennett, co-host. Informative, fun, irreverent and politically incorrect, you never know where we'll go, but you'll love the journey! Southern-Sense.comGuest: Lt. Gen. Rick Lynch, (US Army Ret.), author of the new book Work Hard, Pray Hard: The Power of Faith in Action. With 34 years in the US Army at his heels, Lieutenant General Rick Lynch has distinguished himself as an exceptional leader and strategist through his chameleon-like ability to adapt to change despite the most challenging obstacles. From surmounting his parents’ inability to pay for college by gaining entry to West Point to leading “The Surge” in Iraq as Army General with only six weeks to prepare, Lieutenant General Lynch has constructed a disciplined and effective mantra for success, which he shares with audiences across the country today. https://rlynchenterprises.comRound Table Discussion with Guests: Walter Myers III, Julius Jackson & Former FL Lt. Governor Jennifer Carrollhttps://www.evolutionnews.org/author/walter-myers-iii/http://www.mgroupww.com/http://www.jennifercarroll.com/
Dedication: Sergeant Gregory Michael Meagher, Richmond County Sheriff's Office, Georgia End of Watch: Sunday, February 5, 2017 Southern Sense is conservative talk with Annie "The Radio Chick" Ubelis, as host and "CS" Bennett, co-host. Informative, fun, irreverent and politically incorrect, you never know where we'll go, but you'll love the journey! Southern-Sense.com Guest: Lt. Gen. Rick Lynch, (US Army Ret.), author of the new book Work Hard, Pray Hard: The Power of Faith in Action. With 34 years in the US Army at his heels, Lieutenant General Rick Lynch has distinguished himself as an exceptional leader and strategist through his chameleon-like ability to adapt to change despite the most challenging obstacles. From surmounting his parents’ inability to pay for college by gaining entry to West Point to leading “The Surge” in Iraq as Army General with only six weeks to prepare, Lieutenant General Lynch has constructed a disciplined and effective mantra for success, which he shares with audiences across the country today. https://rlynchenterprises.com Round Table Discussion with Guests: Walter Myers III, Julius Jackson & Former FL Lt. Governor Jennifer Carroll https://www.evolutionnews.org/author/walter-myers-iii/ http://www.mgroupww.com/ http://www.jennifercarroll.com/
Dedication: Sergeant Gregory Michael Meagher, Richmond County Sheriff's Office, GeorgiaEnd of Watch: Sunday, February 5, 2017Southern Sense is conservative talk with Annie "The Radio Chick" Ubelis, as host and "CS" Bennett, co-host. Informative, fun, irreverent and politically incorrect, you never know where we'll go, but you'll love the journey! Southern-Sense.comGuest: Lt. Gen. Rick Lynch, (US Army Ret.), author of the new book Work Hard, Pray Hard: The Power of Faith in Action. With 34 years in the US Army at his heels, Lieutenant General Rick Lynch has distinguished himself as an exceptional leader and strategist through his chameleon-like ability to adapt to change despite the most challenging obstacles. From surmounting his parents’ inability to pay for college by gaining entry to West Point to leading “The Surge” in Iraq as Army General with only six weeks to prepare, Lieutenant General Lynch has constructed a disciplined and effective mantra for success, which he shares with audiences across the country today. https://rlynchenterprises.com Round Table Discussion with Guests: Walter Myers III, Julius Jackson & Former FL Lt. Governor Jennifer Carrollhttps://www.evolutionnews.org/author/walter-myers-iii/http://www.mgroupww.com/http://www.jennifercarroll.com/
Dedication: Sergeant Gregory Michael Meagher, Richmond County Sheriff's Office, GeorgiaEnd of Watch: Sunday, February 5, 2017Southern Sense is conservative talk with Annie "The Radio Chick" Ubelis, as host and "CS" Bennett, co-host. Informative, fun, irreverent and politically incorrect, you never know where we'll go, but you'll love the journey! Southern-Sense.comGuest: Lt. Gen. Rick Lynch, (US Army Ret.), author of the new book Work Hard, Pray Hard: The Power of Faith in Action. With 34 years in the US Army at his heels, Lieutenant General Rick Lynch has distinguished himself as an exceptional leader and strategist through his chameleon-like ability to adapt to change despite the most challenging obstacles. From surmounting his parents’ inability to pay for college by gaining entry to West Point to leading “The Surge” in Iraq as Army General with only six weeks to prepare, Lieutenant General Lynch has constructed a disciplined and effective mantra for success, which he shares with audiences across the country today. https://rlynchenterprises.comRound Table Discussion with Guests: Walter Myers III, Julius Jackson & Former FL Lt. Governor Jennifer Carrollhttps://www.evolutionnews.org/author/walter-myers-iii/http://www.mgroupww.com/http://www.jennifercarroll.com/
Lieutenant General Rick Lynch has distinguished himself as an exceptional leader and strategist through his chameleon-like ability to adapt to change despite the most challenging obstacles. From surmounting his parents' inability to pay for college by gaining entry to West Point to leading “The Surge” in Iraq as Army General with only six weeks to prepare, Lieutenant General Lynch has constructed a disciplined and effective mantra for success, which he shares with audiences across the country today. We talk about his brand new book, Adapt or Die - Front Line Principles from an American General.
Package about soldiers competing during the IMCOM Best Warrior competition. Produced by Shayna Brouker. Includes soundbites from Command Sgt. Maj. Wayne LaClair - IMCOM Best Warrior Competition Team Lead, Keith Smith - Installation Management Command, and Sgts. Jacob Brewster and Dane Jordan - IMCOM Best Warrior competitors. Also available in high definition. After an exhausting week of rucking, wrestling, shooting and soldiering, each of the nine best Soldiers and noncommissioned officers in the U.S. Army Installation Management Command received an award for participating in the command's first-ever Best Warrior competition. But only two became Soldier and NCO of the Year. Sgt. Jeremy Brake, an automated logistics specialist for U.S. Army Garrison Daegu, representing the IMCOM Korea region, was named NCO of the Year. Spc. Jonathan Melendez, a military police officer for USAG Schinnen, Netherlands, representing IMCOM Europe, was named Soldier of the Year for the command. Sgt. Jacob A. Brewster from USAG Stuttgart and Spc. Paige Plumlee from USAG West Point, N.Y., were runners up. The event took place May 22-26 in the rolling hills of Camp Bullis near San Antonio, Texas. Brake and Melendez will go on to represent IMCOM at the Army-wide Best Warrior Competition in October at Fort Lee, Va. At the Army level, they will face the same challenges they overcame in Texas, including a board appearance, weapons qualification, 12-mile road march, day and night land navigation, warrior tasks testing and combatives " though likely in cooler conditions. Fort Lee averages 72 degrees Fahrenheit in October, while the average temperature in San Antonio hovered around 95 degrees throughout the competition week. All competitors were winners no less, said Lt. Gen. Rick Lynch, commanding general of IMCOM, addressing the Soldiers alongside IMCOM Command Sgt. Maj. Neil Ciotola. "Don't leave this competition thinking you're not a winner," Lynch said. "You're all winners. Noncommissioned officers are the backbone of the Army. Officers might come up with the ideas, but you all are the ones who get it done." All nine competitors received a small statue commemorating their experience at Camp Bullis, and the winners were given a shadow box containing a coin from each of the IMCOM garrison commanders as well as a $1,000 savings bonds from Family and Morale, Welfare and Recreation Command. Both Menendez and Brake credited their family, sponsors, garrisons, regions -- and fellow competitors -- for getting them this far. "Winning this competition was very challenging because I had to distinguish myself from all these great warriors," Menendez said. "I would not have been able to achieve this without the support of my wife, Mary, my parents and the outstanding leadership I have had throughout my military career." Brake echoed his sentiment with a nod toward the eight other Soldiers he battled alongside and against over the past five days. "It's been a crazy week, everybody," Brake said. "To the rest of the competitors, you guys are outstanding. Each and every one of you could have been standing up here." Ciotola, who led the competition, took time to commend the competitors, highlight the purpose of the five-day event and outline the mission of IMCOM " to support and sustain the Army's home. The IMCOM Best Warriors continue a tradition going back to the very beginning of the U.S. Army, Ciotola said. "Six companies of expert riflemen formed the foundation of what we've become " the most feared and revered land fighting force in the history of humanity. And you represent that. That's who you are. I'm so proud of you," he said. "You lift me up, you fill my heart, you have proven my words: That you have boundless potential. Don't ever be satisfied with what you are." For more stories, video and photos of the 2011 IMCOM Best Warrior competition, visit http://www.facebook.com/IMCOMBestWarrior.