Co-Founders of Asset Card discuss Fraud Prevention and Smarter APA spending at IYBA charter seminar
At the Bahia Mar Hotel and Marina in Fort Lauderdale, Brendan Ginns and Kyle Jadevaia on stopping payment fraud before money moves, why APA funds get stuck, and how a charter account can fund faster, report live and settle the day the guests step off.
On October 6, 2026, at the Bahia Mar Hotel and Marina in Fort Lauderdale, Asset Card co-founders Brendan Ginns and Kyle Jadevaia took the stage at the International Yacht Brokers Association charter seminar. They spoke to a room of charter brokers, yacht managers, lawyers and industry leaders about the two questions the industry keeps bringing to us:
- How do you stop payment fraud before the money moves?
- How do you run an APA that funds faster, reports live and settles the day the charter ends?
Below is the full presentation, the key takeaways, what was said on stage and the questions the room asked afterwards.
The financial layer behind every charter.
The slides from the seminar. Turn the pages, or open it full screen.
Drag a corner, click the edges or use the arrow keys to turn the page.Swipe to turn the page. Turn your phone sideways for a bigger view.
Nine things the room heard.
- Where it started
Born on the job site. Spotted by a captain.
Asset Card grew out of Brendan's family construction company, where multimillion-dollar projects ran on thousands of transactions and reporting that always arrived too late. Giving every project its own live account fixed it. When Brendan showed the platform to his longtime friend Jesse Clinton, one of the youngest superyacht captains in the industry, Jesse saw the urgent need for it in yachting straight away.
20,000+nautical miles under Jesse Clinton's belt, running the finances and operations of a private fleet - What we keep hearing
Fraud, support and funds that get stuck.
Kyle walked the room through what we keep hearing in chat threads and conversations with yacht managers, charter brokers and captains.
FraudVendor bank details changed by email, and payments sent before anyone called to check.Poor supportA card declining mid-charter, and nobody on the phone to fix it.Funds held upA wired APA that nobody can locate for days while the charter starts. - Not a knock on Europe
A different foundation, not a dig at anyone.
As Kyle explained, the delays aren't the fault of the APA platforms themselves. They rely on traditional banking partners, and an international transfer can pass through several banks, any one of which can freeze it for manual compliance review. Once funds are frozen, you're often waiting on one person at one bank to review documents, which leaves transfers exposed to delays, especially when six figures are moving across borders. Asset Card handles compliance up front, during onboarding, so everyone can be set up the same day with the boxes already checked and the funds keep flowing.
Compliance handled at onboardingSame-day setupFunds keep flowing - The threat has changed
Fraud has evolved. Three seconds of audio is enough.
AI has changed the game. It can take as little as three seconds of audio to replicate someone's voice, so a call or an email that looks and sounds right can still be fake. Email and the standard ways this industry communicates are no longer safe, especially with six-figure funds moving every day.
3 secof audio is all it takes to replicate a voice - How it happens
It starts with one bad link.
One click lets them in. Then they wait. They read your threads to learn who your vendors are, how you talk to the owner and when payments go out, and only then do they pose as the owner or a vendor and ask for a change.
What to watch for- Check every sender address. It is often just one letter off.
- Treat urgent requests, and any change to bank details, as a red flag.
- Never call the number in the email. Call a number you already know.
- Fraud prevention
No single message can move money.
One-time codes, Face ID, second approvers and a call-back before any bank details change. You set the thresholds: small daily spend moves fast, and larger payments automatically need more approvals.
One-time codesFace IDSecond approverCall-back on bank changes - Secure portal
Nothing to read means nothing to copy.
Everyone gets their own login, giving owners, managers, captains and clients one secure place to communicate and confirm information. So if an email arrives saying an account number has changed, you don't have to take its word for it. Log in to the portal and confirm or deny it there before a wire goes out.
- Support
When you call, someone answers.
Yachting happens on weekends, on holidays and every day in between, so support has to be there when owners, captains and charter guests need it most. Every Asset Card user is assigned an account executive who serves as their main point of contact. The general support line is open 9am to 5pm ET, and depending on your tier of service, an emergency line is available 24/7.
Emergency and general hotline9am to 5pmTiered support packages“We want to provide the same level of service and support that you provide to your owners, captains and charter guests.”
Kyle Jadevaia - No load fees
The money sent is the money that lands.
Take a season of 16 charters at $300,000 each: $4.8 million in APA. At a typical 0.5% load fee, $24,000 comes off the top before a single dollar is spent. With Asset Card it is $0. There are no load fees, just a flat, published monthly fee per boat.
$24,000taken off the top in load fees on 16 charters of $300,000. With Asset Card: $0.
In their own words.
Brendan and Kyle, from the stage at the IYBA Charter Seminar.
“Asset Card actually grew out of the real challenges we faced at my family's construction company.”Brendan GinnsIYBA Charter Seminar
“Compliance checks on the EU platforms can mean manual reviews, and manual reviews take time.”Kyle JadevaiaIYBA Charter Seminar
“It now only takes a few seconds of audio for someone to perfectly clone a voice.”Brendan GinnsIYBA Charter Seminar
“We heard the issues you are facing in chat threads and conversations across the industry, and we acted with a solution.”Kyle JadevaiaIYBA Charter Seminar
“If they have nothing to read, they have nothing to copy.”Brendan GinnsIYBA Charter Seminar
“We want to provide the same level of service and support that you provide to your owners, captains and charter guests.”Kyle JadevaiaIYBA Charter Seminar
What the audience asked.
QHow do you differ from Voly and Centtrip?
Asset Card is a US-based banking platform built on US rails, using the latest technology and compliance in the space. Because of how it is built, we handle compliance reviews and checks differently, and US transfers and payments move faster.
QHow do the fees work?
There are no load fees on the platform. What you send is what you get. Our wire transfer, FX and cross-border fees are competitive with most banks in the US.
We charge a monthly fee for each active boat on the platform, starting at around $299 a month and scaling down as you add more accounts.
QDo you still see compliance checks and delays on international wires?
Yes, depending on sanctions and the region involved. As we covered in the presentation, we collect and handle most of the KYC during onboarding, which streamlines payment timelines and shortens the review period.
QWhat is the immediate benefit for charter brokers who already use Wise or another payment provider?
The platform is a single line of communication between the charter guest, the charter broker, the owner, and the captain and crew. You can still fund the account however you like, from Wise, a US bank or an EU bank. When the funds land, they sit in a dedicated account for that charter.
That removes the friction of owner funds being used, keeps charter guest funds separate from operations, and gives clean visibility into exactly what was spent on each charter. Reporting is live, so every card swipe, wire and transfer is visible during the charter, not after it, and nobody is chasing extra APA or settlements once the guests have left.
QHow easy is it to see the transactions live?
We built the platform for construction crews moving in and out of stores, trucks and job sites, so simplicity and ease of use were the top priority. Charges and notifications land the moment you spend. You can upload receipts, categorize charges and pull reports immediately, so your accountants and captains see what is happening in real time.
The full session, on video.
The complete talk and Q&A from the IYBA Charter Seminar will be posted here.
Who presented.
Brendan Ginns
A serial entrepreneur with over ten years of operational leadership, taking companies from $20M to $60M in revenue. Founder of Dash To Solution and four profitable businesses.
Full profile
Kyle Jadevaia
Founder of Ridge Secure Technologies, a B2B SaaS company he built and sold in a seven-figure transaction. Managed Fortune 500 clients including AT&T, Twitter and Amazon.
Full profileWith thanks to our host and fellow sponsors.
Asset Card
