Payments at the Speed of Now! Featuring BHMI's Co-Founder & CTO , Mike Meeks and Head of Sales & Marketing, Casey Scheer - Episode 27

On Episode 27 of FIntech Confidential, Co-Founder & CTO, Mike Meeks and Head of Sales & Marketing Casey Scheer for BHMI the electronic payments back office processing software and creators of the Concourse Financial Software Suite. They tell us the story about Max, discuss the evolution of bank end payment systems, and what it is like to shift from building custom software to building a market-leading product. Three things in this episode that we dive into. 1️⃣ Making Instant Payments Happen2️⃣ How FIntechs are reaching the limits of Legacy Payment Systems3️⃣ What a Payments Back Office is, and why you should care about yoursWatch the full episode on YouTube Links:BHMIWebsite:         https://www.bhmi.com/LinkedIn:         https://www.linkedin.com/company/bhmi-software/Twitter:          https://twitter.com/bhmisoftwareFacebook:       https://www.facebook.com/BHMISoftware/YouTube:        https://www.youtube.com/user/bhmiomaha/videosMike Meeks: https://www.linkedin.com/in/michael-meeks-492a1323/Casey Scheer : https://www.linkedin.com/in/casey-scheer-8314894/Fintech Confidential FOLLOW, LIKE & SUBSCRIBEYoutube: https://youtube.com/@fintechconfidentialNewsletter: http://access.fintechconfidential.comLinkedIn: https://www.linkedin.com/company/fintechconfidentialTwitter: https://twitter.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFaceBook: https://www.facebook.com/fintechconfidentialSupporting PartnersSupport is provided by the Vital Credit Card.Make a statement in your wallet with a sleek Metal credit card that pays you cashback when you share and spend responsibly while it helps improve your credit health. Request an Invite at vital.fintechconfidential.comTime Stamps:00:00 Payments at the Speed of Now! Featuring BHMI's Co-Founder & CTO, Mike Meeks and Head of Sales & Marketing, Casey Scheer - Episode 2700:38 Intro01:24 Meeks Meets Baldwin 03:00 Starting BHMI05:55 A Family Affair 07:03 Max Steals the Show08:44 Defining a Payments Back Office10:24 The Evolution of BHMI10:36 Evolving the BHMI Tech Stack13:22 From Custom Software to Market-Driven Products17:01 The Keys to a Successful Transition19:40 Pushing Legacy Payment Systems to the Limit24:57 How Configurability is Solving Speed to Market 28:04 Instant Payments29:16 Modular Cloud Frameworks 30:58 Advise for Fintech Leaders 32:00 Getting Involved with BHMIThis is a Production of Diamond D3, Media ABOUT: BHMI: BHMI was founded 36 years ago by Lynne Baldwin, Jack Baldwin, and Mike Meeks. The company originally focused on the creation of custom software solutions, but over the last 20 years, BHMI has evolved into a leading provider of software products focused on the back office processing of electronic payment transactions. The company is best known as the creator of the Concourse Financial Software Suite, which is a cohesive, integrated collection of back office products that allow companies to adapt to the rapidly changing payments landscape quickly and easily. As a modular solution including settlement, reconciliation, fees processing and disputes workflow management, Concourse reduces the cost and complexity of back office processing and enables organizations to modernize and monetize payments processing. Concourse’s continuous processing architecture and powerful rules engine are ideally suited for real-time payment methods, such as P2P, and enable companies to perform back office processing for any type of payment transaction.Mike Meeks: Mike is one of the co-founders of BHMI. Mike originally met the other two founders, Jack and Lynne Baldwin, as college student. Lynne and Jack were both professors at the University of Nebraska at Omaha (UNO) and Mike was one of their computer science students.      Casey Scheer: Casey has been with BHMI for more than 24 years. She originally got to know the founders of BHMI because her husband Rod was and still is a chief architect for the company.  Lynne, Jack, and Mike reached out to Casey in 1998 and asked if she would be willing to help with some marketing and sales initiatives and she has been with the company ever since. Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia. Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.Diamond D3, Media: A media creation, management, and production company delivering engaging content globally.