Episode 64 - When a Penny Becomes a Treasury Problem with Kyle Hatfield (Centsless)
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YouTube YouTube Spotify Spotify Apple Podcasts Apple Podcasts Amazon Music Amazon Music Audible Audible Castbox Castbox Castro Castro Deezer Deezer Goodpods Goodpods iHeartRadio iHeartRadio Pandora Pandora PlayerFM PlayerFM PocketCasts PocketCasts Podcast Addict Podcast Addict Podchaser Podchaser TuneIn TuneIn YouTube YouTube In this episode of The Treasury Whisperer’s Talkcast Podcast,host Seth Marlowe interviews Kyle Hatfield, CEO and Co-Founder of Centsless (www.centsless.org). They explore the operational and compliance challenges created by the U.S.penny phase-out, including cash rounding rules, POS configuration, refunds, reconciliation, audit trails, and jurisdictional differences. Kyle also explains how Centsless is building a compliance layer designed to help merchants and financial institutions apply the correct rounding rules today -and adapt as future coins potentially face the same fate.
Links:
Kyle Hatfield on LinkedIn: https://www.linkedin.com/in/kylethatfield-cybersecurity-fintech-professional/
Seth Marlowe on LinkedIn: https://www.linkedin.com/in/treasurywhisperer/
The Treasury Whisperer's Talkcast Podcast website: https://www.treasurywhispererstalkcast.com
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Centsless
Kyle Hatfield is CEO and Co-Founder of Centsless, a Fintech/Regtech compliance infrastructure company focused on the operational challenges created by the U.S. penny phaseout and cash rounding.
Centsless translates evolving federal, state, and local requirements into actionable guidance for merchants navigating cash transactions, POS configuration, tender-specific rounding, refunds, tax treatment, reconciliation, and customer-facing compliance.
Kyle has closely tracked the rapidly developing penny landscape as states enact their own rounding laws and Congress advances the Common Cents Act. His work focuses on the gap between what legislation says and what merchants, payment systems, and operators must actually do at the point of sale.
