5 Questions

5 Questions
Amir Wain
Question 1What is your job title, and what are you responsible for? I am the chief executive officer. My primary responsibilities include ensuring that we have the right strategy in place and that we are executing to that strategy. I also spend a significant amount of time working with our product design group to carve out the future direction of our products.
Job Title
Chief Executive Officer
Company
i2c Inc.
Company Type
Prepaid card program processor
Tenure at Firm
7 Years
Question 2Describe your biggest challenges, both short-term and long-term.
Short term: i2c is growing very fast, and as a result, we face some of the challenges associated with hyper growth. While the technology platform and products are scaling very well, our challenge is recruiting top talent fast enough to keep up with the growth.
Long term: The team at i2c has tremendous energy and zeal. Everyone is excited about the differentiation and product leadership we have been able to establish. Our long-term challenges are first, how to prevent prepaid processing from becoming a commodity and second, how to avoid the complacency that can set in as a result of success.
Question 3What is the most innovative prepaid card program you've seen or heard about in the last year?
One of our clients, Payoneer, meets a large and growing demand for alternative payment methods, particularly in international markets and the online affiliate business community. Sending thousands of payments all over the world using paper checks is cumbersome and expensive for both the online business and its affiliates. Critical to Payoneer’s success has been the ability to create and deliver new card programs rapidly on behalf of their clients and carry out cardholder validation worldwide. According to Yuval Tal, CEO of Payoneer, their choice of processor was fundamental in delivering the speed, scalability, and flexibility essential to success: “i2c’s C3 Processing Platform enabled us to set up a customer in less than a week. In fact, our fastest setup time was two days (excluding bank approval).”
Question 4Describe how prepaid will fit into your industry in five years.
Prepaid is the fastest growing segment of the payments industry and is still in the early stages of its lifecycle. The next five years will see innovation, growth, profitability, maturity, and consolidation. As a leading processor in the prepaid space, i2c will continue to roll out innovative products and capabilities to solve business issues. The fun is just beginning!
Question 5If you weren't working in the prepaid sector, what would you be doing and why?
I love creativity and innovation, so whatever else I would be doing would have to offer opportunities for me to be creative. While I believe in leveraging technology, my focus is on finding solutions that improve the quality of life. Successfully doing that gives me a great sense of purpose.
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