Technology behind consumer payments has rapidly advanced in the last few years with payment gateways, mobile payments, and peer-to-peer payments now ubiquitous fixtures of our day-to-day lives. But with B2B payments, their sheer complexity has made them much slower to change. Now with digital transformation having accelerated by an estimated seven years since the onset of COVID-19, B2B businesses have an opportunity to finally make their payment processes as seamless as those in B2C. In this webinar, you’ll learn how B2B payment technology is evolving for an increasingly digital economy and how buyers and suppliers alike can benefit.
Learning Objectives:
- Describe the evolution of B2B e-commerce
- Recognize the difference between payment facilitators and traditional payment processors
- Recognize how a PayFac model can deliver better payment experiences and greater back-office efficiencies
- Determine what implications the migration of B2B brands to e-commerce has for risk exposure and how to mitigate them
Chris Wassenaar
Versapay
Chief Risk Officer & General Council
Responsible for the 50+ person global Risk, Compliance, Payment Processing and Legal functions and operations located in Atlanta, GA, Amsterdam, Netherlands, Bucharest, Romania and Columbus, OH. Responsibilities include customer portfolio health, underwriting, transaction monitoring, regulatory compliance (OFAC, KYC / AML, FCPA, EU PSD), sales negotiations, contract management, intellectual property, litigation, Board administration, labor and employment, mergers and acquisitions and global corporate governance.
Additional General Counsel & Executive Leadership Experience: Most recently, General Counsel at PowerPlan, Inc. (acquired by Thoma Bravo, LLC). Executive Vice President for Corporate Development, Chief Legal Officer and Secretary of the Board at a global data integration and management company as well as the Chief Legal Officer, Secretary of the Board and Head of Human Resources for a software as a service (SaaS platform) Software and Outsourcing Company.
Strategic Project Manager Reporting directly to the CEO and CAO of SunTrust Bank, developed and led several high-profile efficiency and productivity projects focused upon enterprise-wide procurement policies and procedures as well as reducing annual management consulting expenditures by over $30 MM
Senior Corporate Counsel Lead negotiator on numerous telecommunications, software licensing, technology and consulting agreements including a $150 MM enterprise master telecommunications services agreement
Corporate and Employment Litigator Lead trial counsel appearing in State and Superior Courts throughout Georgia involving corporate matters as well as second chair counsel in Federal Courts involving employment matters
Nita Robinson Scholar, Dual Major M.B.A. in International Business and Information Technology Evening M.B.A. student at Georgia State who has studied abroad in India, maintained a cumulative 3.85 grade point average, who graduated in May, 2008; completing the program in less than two years
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