Pay It Forward

For several years, enormous scrutiny and criticism has plagued the cards and payments industry and more widely the retail financial services arena and there is an increasing expectation that we should be doing more to support those in financial difficulty, young people who need to understand how to manage money or who are setting up their own business, and groups who are financially excluded or under-served.

Many believe that technology, education and access can change all of that and here at the Payments Forward Network we want to find small ways to contribute to that effort.

Paying it forward with money

We have built social responsibility into our business model inspired by the book/film ‘Pay It Forward’. That means that a percentage of the money we make through the Payments Forward Network will go towards helping people impacted by the banking and payments industry or who need the support of the industry.

Paying it forward with time and resources

We will also be encouraging guests and all those engaged in the Payments Forward Network to get involved and ‘pay it forward’. This is a more personal way of making a difference beyond your own company’s CSR activities. We will collect requests from various non-profit organisations and see if you can help. This may be by mentoring, solving a payments issue for them, providing some technical support, or donating some materials and so on.  You can check for the latest Pay It Forward Requests on the Blog.

Paying it forward with our collective ideas and leadership

We will also harness the input and participation of industry leaders/organisations to benefit and influence the social responsibility agenda. Initially these issues will have an airing at our Pay It Forward Dinners.

For more information or to get involved, please get in touch and also read our Blog for the latest update or requests.

From the schmaltzy film, Pay It Forward, featuring Kevin Spacey, Helen Hunt and Haley Joel Osment:

Thorsen: I thanked him and there were some very specific orifices in which I was told to shove my thanks. He told me, “Just pay it forward.” Three big favors for three other people. That’s it.

Chris: So it’s like a pass-it-on thing, then. Wait a minute. You and this low life are in this chain of do-gooders, some kind of Mother Theresa conga line? That’s a little New-Agey for you isn’t it? Sort of Tibetan? What are you in a cult?

Thorsen: If you mention my name, you’ll be selling your kidneys to pay for your lawsuit. Cult!