Han Park, CEO on Leaders in Payments Podcast

Han Park, CEO of Payment Labs, was invited by Greg Myers, the creator and host of the weekly Leaders In Payments Podcast.

Han Park, CEO on Leaders in Payments Podcast

Han Park, CEO of Payment Labs, was invited by Greg Myers, the creator and host of the weekly Leaders In Payments Podcast, to share his founder’s story and to talk about his new startup Payment Labs. Greg is a payments industry veteran who was an executive with Chase Paymentech and First Data with over 15 years of industry experience consulting for multiple payments organizations. The focus of his podcasts are to interview C-level executives in the payments industry to share their stories.

In this podcast, Han shares his personal background, experience, and journey to founding and starting Payment Labs. Han details how he went from esports and solving payout issues in that industry to now building a fintech startup that is solving larger payment problems for businesses to pay individuals compliantly and efficiently in a global digital economy. In addition, Han answers Greg’s questions on what Payment Labs currently does, where it fits in the payments landscape, how it is differentiated than other payment platforms, and what’s in the future for his startup.

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Prize promotions - legal classifications, taxes, payin, and payout infrastructure for lotteries, sweepstakes, and contests

Prize promotions - legal classifications, taxes, payin, and payout infrastructure for lotteries, sweepstakes, and contests

Prize-based campaigns and games can fall under different legal and operational categories, including promotional campaigns and regulated gambling or lottery operations. Generally, a promotion is considered a lottery when it includes prizes, chance, and consideration (payment or another thing of value required for entry). Sweepstakes avoid lottery classification by offering