About Team PayTech
Simply put, we are a safe pair of hands that executes on mission critical, complex, strategic initiatives including those involving regulators, trade associations, and novel partnerships.
Our clients include the largest professional services consultancy in the world, a leading BNPL provider established in four countries, a top global Treasury Management Services provider and a Canadian real-time payments startup.
At Team PayTech, “Out-of-the-box” thinking is an everyday occurrence – as evidenced by two US patents, unique Market Entry analysis, product development and launches, and a spectrum of approaches to enhancing clients’ eminence in their sphere of influence.
We specialize in helping businesses identify and achieve specific objectives related to the U.S. payment system. After a recent, long-term engagement with Openpay / Opy, we have particular expertise in delivering projects related to their products and services.
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Team PayTech is a d/b/a for Dean Sheaffer, LLC. Dean has 30+ years of experience in the payments system including operations, compliance, marketing, government relations and compliance. For small, strategic projects, Dean may be the sole resource dedicated to the engagement. For broader projects, Dean leverages his global network to bring just the right resources to bear.
Some examples of prior engagements and experience include payment optimization for large US merchants; Lobbying and Expert testimony at the federal and state level regarding payment matters; assessment of the US market for a Canadian direct to account payment provider; strategic advisory role for Australian Buy Now Pay Later provider emerging in the US including marketing, compliance, product, and operations; strategic advisory role with global Treasury Management System provider regarding emerging payments, working capital financing and novel buyer management system.
The US payment landscape is more fluid than at any point in our history. Major changes include the emergence of alternative payments; the disruption FinTechs are causing the legacy banking systems; new organizational models such as Distributed Anonymous Organizations; New law and regulation including executive orders for the broad review of cryptocurrencies; and Distrust in traditional payment card products (particularly among younger demographics). In just a few years, payments will look nothing like they do today.
Payments are not just a mechanism to transfer value from one party to another, they can create strategic advantages for your company. Here are a few strategic questions we can help you answer. What payment types do your customers want to use? What payment types drive incremental sales? What payment types are most cost effective? What security and privacy matters attach to various payment types? Are certain payment types viable now? What payment types do I need to plan to accept in the near future? How does payment value volatility / guarantee / charge-back and fraud risk affect which payments may be best for me? Can I steer customers to payment types that make sense for both of us?
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