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What Makes PFs and Marketplaces Different?
The Merchant Acquirers’ Committee (MAC) is hosting a webinar that takes a deep dive into the payment facilitator model versus the traditional marketplace classification. Specifically, they strive to outline the major differences between payment facilitators and marketplaces: What makes them different and why?
Read MoreWhat Sponsors Want You to Know About Becoming a PF
When entering the payments ecosystem, few relationships are as important to the payment facilitator as the relationship with its sponsor. As the entity that enables entry into the payments system, a sponsor is providing both oversight and advocacy to its partner PFs.
Read MorePCI and Payment Facilitation: What are PFs Responsible For?
Companies that choose to integrate payments into their B2B software offerings must consider risk from a number of perspectives. This week, we report on some of the fundamental issues and decision points behind payment facilitators’ relationship with the industry data security standard.
Read MorePayment Facilitators and Liability: With Flexibility Comes Card Scheme Responsibility
The last two years have seen a surge of companies moving into the payment facilitator space. That in itself is not surprising. Becoming a payment facilitator offers tremendous flexibility and value for ISVs and VARs. With that flexibility, though, comes potentially significant liability
Read MoreExpert Perspective: How Scary is Becoming a Payfac, Really?
For software vendors and others considering becoming payment facilitators, risk is understandably a top concern. So, for our ongoing series about the factors that go into deciding whether to become a PF, we ask experts a fundamental pair of questions: where does the risk come from, and how bad is it?
Read MoreShould You PF? Choosing the Model That is Right for You
Every software provider that is considering accepting payments has a fundamental choice to make: Should you handle the payments yourself? Or should you outsource the payments piece to someone else?
Read MoreTo Lend or Not to Lend? That is The Question
As the payments ecosystem continues to evolve and the payment facilitator model continues to hold its own in both profit and demand, a long-time customer offering once considered banks’ domain keeps making its way into the payments arena: Lending.
Read MoreHoly KYC, Batman! New 2018 Rules Require PFs to Perform KYC on up to Five Owners
Don’t worry, technology is on your side and the PF model and frictionless underwriting will endure.
Read MoreMerchant-Presented QR Codes, Explained
The use of QR codes in places such as China and India has made accepting payments easier for many small and micromerchants. And payment facilitators have a significant role to play in helping to expand electronic payment acceptance into emerging markets using QR codes.
Read MoreSocial KYC: Ignore It At Your Own Risk
Payment facilitators have many tools at their disposal to help them understand the risk of taking on a particular merchant’s business during underwriting. In many cases, though, the tools rely on information provided by the merchants themselves.
To validate that information merchants have provided, however, PFs have a vast resource for fishing out the true nature of the merchant’s business and the identities of the people involved.
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